Augsburger Aktienbank

What Augsburger Aktienbank does

Augsburger Aktienbank was a German credit institution founded in 1963 and headquartered in Augsburg, Germany, that operated an online banking franchise under the netbank brand. The bank conducted trading and service transactions with trading and insurance companies and served retail customers through deposit, securities, and investment products. As part of a structured exit from the banking business, the company transferred all existing customer securities portfolios (Depots) to FNZ Bank AG (formerly ebase) on October 4, 2021, and subsequently returned its banking license on December 3, 2022, after which it was no longer classified as a credit institution.

The successor entity, AAB Management GmbH, was established to handle residual administrative matters, including inquiries about former money/deposit accounts and financing relationships. The company is structured as a private German limited liability company (GmbH) with two managing directors, Ludger Vorwerk and Sebastian Pfab, and operates from Halderstraße 21, 86150 Augsburg. No active products, services, or revenue-generating operations are conducted; the entity exists solely in a wind-down capacity.

The company has no disclosed revenue model, no proprietary technology platform, and no active customer relationships. Distribution, marketing, and pricing channels are all marked as not applicable. Netbank, the former primary sub-brand, has been discontinued alongside the parent bank. The only remaining commercial touchpoint is a portfolio transfer arrangement with FNZ Bank AG, which now services former customer securities and investment business.

Name

Augsburger Aktienbank

Legal name

AAB Management GmbH

Website

https://aab.de

Company type

Private

Founded year

1963

Operating status

Closed

Headcount range

251–500 employees

Short description

Augsburger Aktienbank was a German credit institution founded in 1963 that operated the netbank online banking brand. After transferring all customer portfolios to FNZ Bank AG in October 2021 and returning its banking license in December 2022, the successor entity AAB Management GmbH now only handles residual administrative inquiries.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Retail banking services
• Online brokerage
• Securities trading
• Investment accounts
• Deposit accounts

Headquarters

HQ city

Augsburg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others

Core offering

The former Augsburger Aktienbank AG, operating under the online banking brand netbank, was a German credit institution that offered retail banking, securities trading, and investment/deposit accounts to private customers. The company has ceased all business operations: all customer portfolios were transferred to FNZ Bank AG (formerly ebase) on October 4, 2021, and the company returned its banking license on December 3, 2022. The successor entity AAB Management GmbH now only handles residual administrative inquiries about former business relationships.

Product overview

The former Augsburger Aktienbank AG, operating under the netbank brand, has ceased all business operations. Following the return of its banking license on December 3, 2022, the successor entity AAB Management GmbH now handles only residual customer inquiries and wind-down activities. All securities portfolios were transferred to FNZ Bank AG in October 2021. The company no longer offers any active banking, investment, or financial products.

Differentiator

Problem solved

Functional benefit

Products and services

• netbank

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• FNZ Bank AGmajorOthers · 4 October 2021FNZ Bank AG (formerly ebase) assumed all existing securities portfolios from the former Augsburger Aktienbank AG and its brand netbank on October 4, 2021. Former customers seeking information about securities or investment business are directed to FNZ Bank AG for inquiries. This partnership represents the complete transfer of the company's former core banking operations.

Recent moves6 records

Direct peers

• DKB (Deutsche Kreditbank): Major German direct bank offering retail and business banking products online. Operates with a similar no-branch, online-first model that Augsburger Aktienbank's netbank brand historically pursued before being wound down.
• ING Deutschland: One of Germany's largest direct/online banks (formerly ING-DiBa), operating with a similar retail and small-business banking model that Augsburger Aktienbank's netbank brand historically pursued. Closest active analogue to the netbank direct-bank proposition in the German market.
• 1822direkt: Frankfurt-based direct bank subsidiary of Frankfurter Sparkasse, offering retail banking and securities services online. Comparable direct-banking model targeting retail customers, similar to netbank.
• Volkswagen Bank direct: Captive direct bank of Volkswagen Financial Services offering retail deposits and online banking products. Comparable direct-only retail banking model serving German consumers online.
• Consorsbank: German direct bank owned by BNP Paribas, focused on securities, brokerage, and retail banking via online channels. Comparable to netbank in its focus on online securities and banking services for retail customers.
• Norisbank: German direct bank (subsidiary of Deutsche Bank) offering online retail and small-business banking. Comparable direct-banking proposition aimed at cost-conscious retail and small-business customers.
• Comdirect bank (Commerzbank): German direct bank (now brand under Commerzbank) focused on online brokerage, securities, and banking. Closely comparable to netbank's offering of online banking and securities services via the netbank brand.

Others

• FNZ Bank AG: The German B2B banking-as-a-service and custody bank (formerly ebase) that assumed all of Augsburger Aktienbank's customer securities portfolios in October 2021. The successor entity for the bank's former customer relationships and the most directly relevant counterparty in the wind-down.

Market position

Weaknesses3 records

Competitive moat1 record

Key risks4 records

Key highlights3 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Augsburger Aktienbank