Major nationwide companies such as Talanx AG, Hannover Rück SE, VHV Group, VGH Versicherungen, Concordia insurance group and Mecklenburgische Versicherungsgruppe are all headquartered here. Likewise, in the banking sector big names include Nord/LB and Deutsche Hypothekenbank. With a balance sheet total of over €14 billion, Sparkasse Hannover is one of the biggest public financial institutions. Hannover is home to Lower Saxony’s stock market and a branch of the German Central Bank. The growth rate is around 8.5% – with approximately 2,000 new jobs, the industry represents a major employer.