Overview

• JPMorgan confirmed it will introduce Chase to German consumers in the second quarter of 2026, establishing its retail base in Berlin.
• Germany will be Chase’s second European market after its 2021 U.K. debut, reflecting the bank’s broader pan‑European consumer push.
• The launch will begin with a savings account tailored to local demand, with additional products to follow through a staged expansion.
• The move builds on JPMorgan’s long-standing presence in Germany and follows years of local hiring and preparation for a digital-first entry.
• Chase faces a fragmented field dominated by incumbents and fintechs such as Deutsche Bank, Commerzbank, ING, N26 and BBVA, even as its U.K. unit has surpassed 2.5 million customers and reported a 2024 profit of £27 million.