German Banking Industry Committee

The German Banking Industry Committee (GBIC) ( / DK), known until 2011 as the Central Credit Committee ( / ZKA) is an industry association of the German banking industry. Its decisions are held normative for the national banking sector – either directly by interbank treaties or indirectly by preparing a corresponding ministerial or Bundesbank decision. History The Central Credit Committee was founded in 1932 as a common interest group of the five federal interest groups that represent the financial sector in Germany. Until August 2011, the association was known as the Central Credit Committee ( / ZKA) when it adopted a new name (after almost eighty years).