Details
Targobank is a German retail bank headquartered in Düsseldorf, offering a range of banking services including current and savings accounts, credit and debit cards, insurance, and loan products. Established in 1926 as Kundenkreditbank, it became Citibank Privatkunden AG in 1991 and was rebranded to Targobank in 2010 after being acquired by the French cooperative bank Crédit Mutuel Alliance Fédérale.
Targobank distinguishes itself through its cooperative ownership structure, emphasizing customer-centric services and long-term relationships over short-term profits. With approximately 7,200 employees and 340 branches across Germany, it serves around 3.8 million customers. The bank is actively expanding its services, including plans to enter the mortgage and insurance markets by 2026, and is investing in sustainable employee benefits such as subsidies for home solar panels and electric vehicle charging stations.