Targobank

What Targobank does

Targobank (legal name TARGOBANK AG) is a German retail and commercial bank headquartered in Düsseldorf at Kasernenstraße 10. Founded in 1926 and operating today as a wholly-owned subsidiary of the French cooperative banking group Crédit Mutuel Alliance Fédérale, the bank serves retail customers (Privatkunden), small and medium-sized businesses (Geschäftskunden), and corporate clients including dealers (Firmenkunden), with products and services available exclusively within Germany. Its core offerings span current accounts (Online-Konto, Komfort-Konto, Plus-Konto, Premium-Konto, Starter-Konto), credit cards (Online-Classic, Gold, Premium, Flexx), personal and online installment loans (€1,500–€80,000, 12–96 months, fixed rates 3.43%–10.47%), mortgages (Baufinanzierung), savings (Tagesgeld 2.80% promotional, Festgeld up to 2.60%), securities depot and ETF portfolios, and insurance and pension distribution, complemented by commercial finance — factoring, leasing, and automotive banking — delivered through wholly-owned subsidiaries TARGO Factoring GmbH and TARGO Leasing GmbH.

The bank runs a hybrid distribution model combining approximately 340 physical branches across Germany with digital channels that include online banking, a mobile banking application, telephone banking, and video-chat consultation and identity verification (Video-Identifikation) supported by digital signatures (Digitale Unterschrift) for remote account opening. The technology stack is a standard digital banking platform integrated with third-party data providers such as FactSet UK Limited and Mountain-View Data GmbH for securities pricing, and the bank operates under ECB and BaFin supervision with WCAG 2.2 Level AA accessibility commitments. Apple Pay is supported as a contactless payment option.

Targobank earns revenue across five streams: interest income from lending (consumer credit, mortgages, business credit), recurring account and service fees on current accounts and cards, transaction-based income from securities trading and fund distribution (including trailer fees), recurring commission from insurance and protection product distribution, and transaction-based income from corporate finance services (factoring, leasing, automotive banking). Marketing and customer acquisition span its website (targobank.de), active social channels (Facebook, Instagram, YouTube, LinkedIn, Xing), email newsletters, SEO, and the branch network. The bank reported 5,001–10,000 employees, and on 2025-03-19 acquired Oldenburische Landesbank AG for an undisclosed sum.

Name

Targobank

Legal name

TARGOBANK AG

Website

https://targobank.de

Company type

Private

Founded year

1926

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Targobank is the German retail and commercial banking arm of Crédit Mutuel Alliance Fédérale, serving retail, SMB and corporate customers in Germany through ~340 branches and digital channels with current accounts, credit, mortgages, savings, investments, insurance, factoring and leasing.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Offices of Bank Holding Companies (551111)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Consumer & Retail (CPG, Food, Apparel) (FSABACAM)

akta.pro secondary industry

Tax Services (Withholding, Reclaims, FATCA/CRS) (FSAAAOAM)

Keywords

• Retail banking services
• Consumer lending
• Personal installment loans
• Mortgage financing
• Commercial finance leasing

Headquarters

HQ city

Düsseldorf

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Interest Income: Revenue generated from lending activities including personal loans, mortgages, and credit facilities. Interest is charged on credit products at variable rates ranging from 3.43% to 10.47% annual interest rate.
2. Account Fees and Services: Revenue from account maintenance fees, transaction fees, and banking services for current accounts and payment services
3. Investment Products: Revenue from securities trading, investment accounts, ETFs, and fund distribution including trailer fees from fund management companies
4. Insurance and Protection Products: Revenue from distribution of insurance products including credit protection, accident insurance, and pension products
5. Corporate Finance Services: Revenue from commercial finance offerings including factoring, leasing, and automotive banking services for business customers

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Targobank is a German retail bank that provides checking accounts, credit cards, personal installment loans, mortgages, savings and term deposit products, securities depot accounts, investment savings plans, insurance and pension products to private customers, and commercial finance (factoring, leasing, automotive banking) to business and corporate customers. Services are delivered through approximately 340 physical branches, online banking, mobile app, phone banking, and video consultation channels within Germany only.

Product overview

TARGOBANK operates as a multi-channel German retail bank (Privatbank) offering a comprehensive financial services portfolio organized around four customer segments: Privatkunden (retail customers), Geschäftskunden (business customers), Firmenkunden (corporate customers), and itself as a subsidiary of Crédit Mutuel Alliance Fédérale. The product architecture combines traditional branch-based services (approximately 340 branches) with digital-first online and mobile banking platforms. The core retail offering spans transaction accounts (Online-Konto with variants like Komfort-Konto, Starter-Konto, Plus-Konto, Premium-Konto), credit cards (Online-Classic, Gold, Premium, Flexx, Prepaid), credit products (Ratenkredit/Online-Kredit ranging €1,500-€80,000, Baufinanzierung, Autokredit, Wohnkredit), savings products (Tagesgeld at 2.80% p.a., Festgeld up to 2.60% p.a.), investment services (Depot-Modelle including Direkt-Depot/Klassik-Depot/Plus-Depot, Investment-Sparpläne, ETF-Portfolios), and protection products (Restschuldversicherung, Unfallversicherung, Berufsunfähigkeits-Versicherung, Privat-Rente). Business and corporate banking includes Business-Konten, Business-Kredit, TARGO Factoring, TARGO Leasing, and Absatzfinanzierung. The bank emphasizes digital accessibility with video identification for account opening, mobile banking apps, and online trading capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Online-Konto (Current Account) Digital checking account for daily banking transactions, accessible via desktop and the Mobile Banking-App for smartphone and tablet. Targeted at individual consumers in Germany as their primary transaction account.
• Ratenkredit (Installment Loan) Personal installment loan for retail customers with loan amounts from €1,500 to €80,000, flexible terms of 12–96 months, optional rate pauses, and free special payments up to 50% of the outstanding capital balance. Fixed interest rate (Sollzinssatz) ranges 3.43%–10.47% depending on creditworthiness.
• Online-Kredit (Online Personal Loan) Digital personal loan accessible entirely online with video identification for identity verification, offering quick credit decisions and payout typically within 7 business days. SCHUFA-neutral credit applications supported.
• Baufinanzierung (Mortgage Financing) Real estate financing and mortgage loans for property purchase or construction, offered as part of the bank's credit portfolio to retail customers in Germany.
• Kreditkarten (Credit Cards) Credit card offerings including Online-Classic-Karte, Gold-Karte, Premium-Karte, and Flexx variants with different annual fees and benefits to suit varying customer needs.
• Tagesgeld (Daily Savings Account) Daily-access deposit savings account offering 2.80% p.a. for the first 4 months for first-time TARGOBANK Tagesgeld customers, with flexible access to funds thereafter.
• Festgeld (Term Deposit) Fixed-term deposit account offering guaranteed rates up to 2.60% p.a. depending on the selected investment term.
• Depot-Modelle (Securities Depot Accounts) Securities depot accounts (Direkt-Depot, Klassik-Depot, Plus-Depot) offering self-directed trading or advisory services for stocks, ETFs, funds, and other securities, tailored to different investor profiles.
• Investment-Sparpläne (Investment Savings Plans) Systematic investment plans allowing regular investments in funds and ETFs with flexible contribution amounts and schedules.
• Business-Konten & Business-Kredit (Business Banking) Business banking products including dedicated business checking accounts and business credit facilities for small and medium-sized commercial customers.
• Factoring & Leasing (TARGO Commercial Finance) Commercial finance offerings including factoring services (TARGO Factoring GmbH), leasing solutions (TARGO Leasing GmbH), and automotive financing (autobank) for corporate customers and dealers.
• Schutzprodukte (Insurance and Protection Products) Insurance and protection products including residual debt insurance (Restschuldversicherung), accident insurance (Unfallversicherung), occupational disability insurance (Berufsunfähigkeits-Versicherung), life insurance, and funeral planning, distributed by Targobank.
• Privat-Rente & VL Kapital (Private Pension Products) Private pension (Privat-Rente) and capital-forming investment products (VL Kapital / Vermögenswirksame Leistungen) for retirement planning and long-term savings.
• Online-Banking & Mobile-Banking App Digital banking platform enabling account management, securities trading, credit applications, and payment transactions via web and mobile applications. Includes Video-Identifikation and Digitale Unterschrift capabilities for remote onboarding.

Quantifiable outcome

• Loan amounts from €1,500 to €80,000 with terms from 12 to 96 months
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Deutsche Bank: Germany's universal bank with Postbank retail franchise directly competing for the same retail deposits, consumer credit, and mortgage customers that Targobank targets.
• BNP Paribas Germany: German branch of a major French banking group with overlapping retail, corporate banking, and consumer finance offerings for German customers.

Emerging players

• N26: Berlin-based neobank competing for German retail current accounts and digital-first customers, pressuring traditional banks like Targobank on cost-to-serve.

Direct peers

• Sparkassen (DSGV group): Decentralized German public-sector savings banks group collectively the dominant retail banking franchise, sharing similar deposit, loan, and mortgage products with Targobank.
• Santander Consumer Bank: Germany-focused consumer and automotive finance specialist competing directly with Targobank's installment loan, credit card, and auto banking offerings.
• DKB (Deutsche Kreditbank): Direct bank owned by BayernLB; competes head-to-head with Targobank in retail current accounts, consumer lending, and brokerage.
• ING-DiBa: Germany's largest direct bank; competes aggressively with Targobank on consumer loans, brokerage, and current accounts, primarily through digital channels.
• Volksbanken Raiffeisenbanken (BVR): Cooperative banking group operating a parallel member-owned branch network in Germany with comparable retail and SME banking offerings.
• Commerzbank: One of Germany's largest private retail and commercial banks with nationwide branch coverage and similar product breadth in current accounts, loans, mortgages, and investment products.

Others

• Credit Mutuel Arkéa: Sister entity within the broader Crédit Mutuel family; comparable retail and corporate banking products in France, illustrating group-level strategic alignment that supports Targobank's franchise.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/targobank
• Facebookfacebook.com/targobank
• LinkedInlinkedin.com/company/targobank
• Instagraminstagram.com/targobank
• Xx.com/targobank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Targobank