Best Conditions for Your Success
The decision on a location is a central crossroads. This is essential for individuals, just as it is for companies. Thus, a detailed analysis of the attractiveness of the selected location is indispensable. As the centre of the Rhein-Main economic region, the financial and service metropolis of Frankfurt am Main unites a mixture unique in Germany of cross-industry economic power, central location, outstanding infrastructure, excellent academic choice and a high quality of life.
Centre of European Monetary Policy
As the headquarters of the European Central Bank and the German Federal Bank, Frankfurt is of international importance for monetary and currency policy. Thus, the financial centre forms not only the geographical heart of the European financial sector - here, the financial stability for all of Europe arises. As is the case for foreign banks, this proximity to the Central Bank is a crucial criterion for locating. Moreover, as the headquarters of the "Committee of European Insurance and Occupational Pension Supervisors" (CEIOPS), Frankfurt is also the stability centre of the European insurance industry.
Economic Power and Innovative Strength
The commercial potential for both domestic and foreign participants is based on the high concentration of successful, future-oriented companies from many industries, which make the region of Rhine-Main a thriving economic area. In more than 34,000 operations, a gross domestic product of more than 50 billion euros is generated annually in Frankfurt. With a gross domestic product per wage earner of more than 84,000 euros, Frankfurt, which is the fifth-largest city of Germany based on population, exhibits the highest economic power of all cities. This economic strength of Frankfurt forms the basis of the strength of the financial industry.
According to Federal Statistical Office, the total value of German exports amounted to 994.9 billion euros in 2008. This corresponds to a portion of 9.1 percent of the world's exports and last year once again made Germany the world champion in exports. A substantial component of German foreign trade is financed at the Frankfurt financial centre.
Companies in Frankfurt have access to financial markets through Deutsche Börse Group, which ranks as a global player among the largest stock exchanges in the world. As the leader in technology and innovation, it possesses the most stable, most efficient and most economical clearing and settlement systems in Europe. In Frankfurt, companies profit from a unique, completely integrated and international commercial network.
Frankfurt Rhine-Main "Knowledge Region"
The Frankfurt Rhine-Main "knowledge region" also bears witness to an export hit. The universities of Frankfurt possess an excellent international level of education and research. In the Rhine-Main region, an academic network of finance has developed that is probably the most consolidated in the world. Companies appreciate the large number of well-trained employees. The practice orientation of university education is based on a close and permanent exchange between industry and academia.
Economic and Regulatory Stability
The German financial system is well-known around for the world for its stability, which is also ensured by the cooperation of various supervisory authorities. With the planned new mounting of banking regulation in the German Federal Bank, banking regulation has also now returned to the financial centre. The stability of Frankfurt is also displayed in periods of financial crisis, in which the financial centre has been able to prove relative strength compared to other financial centres. As a direct result of this crisis, a stronger focusing of the banks on their core business - private and corporate customer business - is to be expected. The German banks at the financial centre have been positioned well in this area for all times.
