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§ Private Profile · Johannesgasse 20, Nuernberg, Bavaria 90402, DE
German online brokerage for retail customers, offering discount stock trading, investment, and consumer financing.
ConSors Discount-Broker is a Munich, Germany-based online brokerage and financial services company that provides discount stock trading, investment services, and consumer financing to retail customers. Through its consumer financing subsidiary, Consors Finanz, the organization operates with an estimated valuation of $24 million, generates approximately $7.5 million in annual revenue, and employs between 501 and 1,000 staff members across five regional offices. The firm generates revenue through brokerage commissions and direct partnerships with retail merchants, car dealerships, and insurance firms to offer consumer installment loans and card products. The company's broader corporate development has involved strategic initiatives alongside recognizable entities and executives, including an acquisition of the French brokerage Axfin, brand consolidation under BNP Paribas, and leadership from executives like Franz Baur and Dr. Uwe Schroeder-Wildberg. ConSors Discount-Broker was founded in 1994 by Karl Matthäus Schmidt.
Key people at ConSors Discount-Broker.
Key people at ConSors Discount-Broker.
Consorsbank, often referred to as Consors Discount-Broker in its early days, is a leading German online broker and digital bank owned by BNP Paribas, providing integrated banking, savings, and investment services primarily to German retail investors.[2][3] Its mission centers on enabling clients to manage their financial future digitally, autonomously, and securely through a holistic ecosystem of products like current accounts, securities trading (shares, ETFs, funds, CFDs), savings plans, and real estate brokerage across over 30 stock markets.[2][3] With a focus on competitive fees, robust execution, and BNP Paribas backing, it serves 1.5 million clients as one of Europe's top direct banks, emphasizing online brokerage while integrating traditional banking for a complete financial experience.[2][3]
Consorsbank traces its roots to 1994, when it launched as Consors, a pioneering German discount broker in Nuremberg.[2] BNP Paribas acquired Consors in May 2002 and merged it with its French subsidiary Cortal to form Cortal Consors in 2003, creating a pan-European online trading powerhouse with operations in Germany, France, Spain, and beyond, amassing over 1 million customers by 2010.[4][5][6] The entity evolved under BNP Paribas, rebranding to Consorsbank in Germany in December 2014 after Cortal Consors was phased out in favor of Hello bank! in other markets; this shift refined its focus on digital banking and brokerage tailored to German users.[2][5]
Consorsbank rides the wave of digital banking transformation in Europe, capitalizing on retail investor demand for accessible, low-cost online trading amid rising fintech adoption post-2000s.[2][3] Its timing aligns with regulatory shifts favoring direct banks and the shift from traditional brokers to integrated platforms, bolstered by BNP Paribas' scale amid market volatility and interest in ETFs/sustainable investing.[2][6] Market forces like Germany's strong savings culture and EU open banking rules favor its ecosystem approach, influencing the landscape by setting benchmarks for bank-fintech hybrids—prioritizing security over pure innovation—while competing with neobanks like Trade Republic.[2]
Consorsbank is poised to expand its digital dominance in Germany through platform enhancements, AI-driven personalization, and deeper BNP Paribas synergies, potentially growing its client base amid rising retail investing.[2][3] Trends like sustainable finance, ETF proliferation, and regulatory pushes for consumer protection will shape its path, evolving its influence from a national leader to a broader European fintech staple via cross-border expansions.[3][5] As a stable bridge between legacy banking and digital disruption, it exemplifies how established players adapt to empower everyday investors.
