The laser and machine tool manufacturer Trumpf is the first company in its sector to found its own bank, complete with all competencies. The bank bears the name Trumpf Financial Services GmbH, and in future will offer customers and employees a broad range of financial services. It is the first bank to have been founded in Baden-Württemberg for three and a half years.
A manufacturer’s own deposit bank – so far only familiar from the automotive industry – is a worldwide novelty in the mechanical engineering sector. Being licensed as a universal bank will enable Trumpf to offer entirely new products in the future for everything relating to sales financing, lending, and business startups – not only in Germany, but throughout Europe. This is because a full banking license also includes the so-called ‘EU passport’, enabling services to be offered across borders without the need for separate authorization procedures.
Despite the universal license, the Trumpf Bank will remain a special bank with industry-specific expertise, appealing primarily to customers in the manufacturing technology sector. Trumpf employees will also benefit from the banking license: during the course of the year there will be daily, fixed-deposit and savings accounts available which offer attractive investment opportunities beyond the company pension scheme.
