The German Railway Operating Company (German: Deutsche Eisenbahn-Betriebs-Gesellschaft) or DEBG was a public limited company (Aktiengesellschaft) that was founded on 15 November 1898 in Berlin. It was founded by the Vering & Waechter railway construction and operating company, the firm of Doertenbach & Co and the Central German Credit Bank (Mitteldeutsche Creditbank).