Our Success Story
On 1 December 2005, Bank biw AG launched its business with the granting of a banking license by the Federal Agency for Financial Services (BaFin), with its headquarters in the historic Broich House in Willich, Germany. Since its inception, Bank biw AG underlies the statutory Deposit Guarantee Scheme of the Entschädigungseinrichtung deutscher Banken GmbH (EdB).
To expand operations, biw AG took over 2 locations of XCOM in Zwickau and Andernach on 1 September 2007. In April 2009, FIB Management AG with Bank M opened a representative office of biw AG in Frankfurt. On 1 April 2010, a Bank biw AG branch finally followed in Vienna.
On 1 January 2012, XCOM Finanz GmbH took 100% of the Bank biw AG shares and integrated the bank completely into the XCOM Group.
Since its foundation, biw AG has not only been profitable, but has also grown consistently over the years. In the meantime, with approximately 194.000 customers, about 246.000 accounts, and assets under management of around 9,4 billion EUR, the biw AG's has a shareholders' equity of approximately 35 million EUR.
At the end of 2015, biw AG employed about 120 employees at its four locations in Germany, as well as in Vienna.
In 2016 the headquarters of the bank moved to the banking center Frankfurt.
By virtue of our technological infrastructure we provide our customers a high degree of flexibility on the way to implement their business ideas. Our digital background processes are lean and come with a low cost base. They can be fully integrated. This is how we offer our customers attractive and unique one-stop solutions with the highest possible degree of automatization.Bernd Würfel, CEO of Bank biw AG
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The Business areas of biw AG