German Banking Industry Committee

The German Banking Industry Committee (GBIC) (German: Die Deutsche Kreditwirtschaft / DK), known until 2011 as the Central Credit Committee (German: Zentraler Kreditausschuss / 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.^[1]

^ The German "Die Deutsche Kreditwirtschaft " is literally The German Services Sector / The German Banking Industry (the German word "-wirtschaft" is an abstract so the definite article "Die" / The needs to be part of the official title). As for English publications the hybrid term "German Banking Industry Committee" is used, even with its own abbreviation GBIC, see for example the 2012 update of the "Interface Specifications for the ZKA Chip Card" (PDF). Die Deutsche Kreditwirtschaft. 2012-02-20. Archived from the original (PDF) on 2016-03-04. Retrieved 2012-12-23.

[1] The German "Die Deutsche Kreditwirtschaft " is literally The German Services Sector / The German Banking Industry (the German word "-wirtschaft" is an abstract so the definite article "Die" / The needs to be part of the official title). As for English publications the hybrid term "German Banking Industry Committee" is used, even with its own abbreviation GBIC, see for example the 2012 update of the "Interface Specifications for the ZKA Chip Card" (PDF). Die Deutsche Kreditwirtschaft. 2012-02-20. Archived from the original (PDF) on 2016-03-04. Retrieved 2012-12-23.

[1]