Frankfurt shines in the financial ranking: better grades for the banking metropolis!

Frankfurt shines in the financial ranking: better grades for the banking metropolis!

In a current assessment, Frankfurt has established itself as a major financial center and has reached tenth place in the Global Financial Center Index (GFCI). This encouraging development comes at a time when many cities worldwide compete for the top position in the financial world. A comparison with past reports shows that Frankfurt has experienced an improvement in several essential financial sectors.

The causes of this ascent in the ranking are not clearly explained in the GFCI report. However, it becomes clear that a large number of factors flow into the evaluation. Representatives from different areas such as banks, asset managers as well as fintech companies and advisory service providers have given their assessments that were more positive than in spring. According to these assessments, the reputation of Frankfurt has improved significantly.

insight into the rankings

The GFCI is created by the London think tank Z/Yen in cooperation with the China Development Institute from Shenzhen. This ranking is considered a benchmark for the competitiveness of international financial centers and uses expert opinions from those that are active in these areas. According to the reports, the improvement in Frankfurt not only has an impact on the city's internal perspective, but also reflects the growing trust of the international financial community.

In addition to the positive news about the GFCI, an alternative ranking, which came out at the end of 2023, provided further exciting knowledge. The Frankfurter Center for Financial Studies at the Goethe University in cooperation with the Paris Institute Louis Bachelier published the Open Financial Ecosystem Index (OFEX), in which Frankfurt was classified in sixth place, only behind Paris, which is fifth place. This ranking records a total of 47 financial centers and thus offers a broader perspective in the position of financial city in Frankfurt in an international context.

These rankings are of particular importance, since they not only map the local but also the international perception of financial centers. The fact that Frankfurt reaches high positions in different ranking could encourage investors and companies to consider the city as a location for its business. The trust of the industry in the city could thus have a positive impact on the economy, which would be of great importance for the future of the financial center.

The current developments are a clear sign of the dynamics and adaptability of Frankfurt in the global financial environment. It remains to be seen whether these trends stop and continue to develop so positively. The financial world will surely observe how the framework conditions and the city's international competitiveness will present themselves in the near future. Further details on this topic can be found in a detailed report on www.faz.net .