|DZ BANK und WGZ BANK merge their private equity companies|
DZ BANK AG and WGZ BANK AG are merging their private equity companies, DZ Equity Partner GmbH and WGZ Initiativkapital GmbH, to establish VR Equity Partner GmbH. The shareholders of both companies voted for the merger at the shareholders’ meeting. The parent companies had already signed a corresponding declaration of intent in October of the past year. The participation and cooperation agreement has now been concluded.
|Statement on the EBA press release of 26 October 2011|
DZ BANK took part in the EU-wide review of the capital requirement of European banks carried out by the European Banking Authority EBA in the context of the EU summit held on 23 and 26 October 2011. At the present point in time the results are subject to the proviso of further reviews by the supervisory authorities. No recapitalisation requirement was identified for DZ BANK.
|DZ BANK Group boosts earnings in challenging environment in first half of 2011|
The DZ BANK Group ended the first half of 2011 on a successful note in what was a volatile and challenging environment. Profit before taxes grew by 3.6 percent year on year to €638 million (first half of 2010: €616 million). Operating income for the reporting period advanced by 5.1 percent to €2.09 billion (first half of 2010: €1.99 billion).
|DZ BANK and WGZ BANK agree to merge their Luxembourg units|
DZ BANK AG and WGZ BANK AG have agreed to merge their Luxembourg private banking units: The shareholders of WGZ BANK Luxembourg S.A. and DZ PRIVATBANK S.A. voted in favour of the merger today at the general meetings of the two companies in Luxembourg. In September of last year the parent companies had already signed a letter of intent.
|DZ BANK Research develops a sustainability rating for investors|
DZ BANK Research has developed its own sustainability-analysis system with which it will support institutional investors, asset managers and cooperative banks in their decisions regarding sustainable investments. What is special about DZ BANK's approach is the holistic view adopted in the company analysis
|DZ BANK and WGZ BANK pool their private banking operations|
In 2011 DZ BANK and WGZ BANK are to pool their entire private banking businesses as well as supplementary business segments such as Fund Services and Foreign Currency Lending in a new business unit. To this end, the Boards of Managing Directors of both banks have signed a corresponding letter of intent. The new unit is to go under the name DZ PRIVATBANK S.A.
|DZ BANK Group: Successful H1 2010|
The DZ BANK Group looks back on a successful overall performance for H1 2010 with a profit before tax of EUR 616 million (H1 2009: EUR 603 million).
|DZ BANK's capital resources also adequate in stress conditions|
DZ BANK took part successfully in the EU-wide bank stress test 2010. This stress test was carried out by the Committee of European Banking Supervisors (CEBS) in consultation with the European Central Bank (ECB), BaFin and the Deutsche Bundesbank.
|Klaus Holschuh ends his career, Stefan Bielmeier becomes new Head of Research and Economics|
After almost 11 years, Klaus Holschuh is ending his career at DZ BANK and will retire on 30 June 2010. ‘We should like to thank Klaus Holschuh for his many years of outstanding work at DZ BANK. His deep expertise and analytical observation of complex capital market issues have always distinguished our research,’ said Lars Hille, member of the board of managing directors of DZ BANK.
|DZ BANK Group’s preliminary figures for 2009: back to profitability|
On the basis of the preliminary figures (IFRS) the DZ BANK Group reported earnings before tax of EUR 836 million last year (previous year: EUR -1,551 million). ‘The results show the capability and stability of DZ BANK Group with its broad and balanced positioning as the central institution of the Cooperative Financial Services Network,’ said Wolfgang Kirsch, CEO of DZ BANK AG.
|DZ BANK successfully completes capital increase|
DZ BANK AG has successfully placed its EUR 400m capital increase within the Cooperative Financial Services Network. The new shares were offered at an issue price of EUR 7.90 and at a 1-for-23 subscription ratio. They bear dividends for fiscal year 2009.
|Cornelius Riese named as new Head of the Central Services Division|
As from 4 May 2009, Cornelius Riese will join DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, and will take on the role of Head of the Central Services Division. In this role, Cornelius Riese will be responsible for the further development of the strategy of the DZ BANK Group, for the management of its holdings in Germany and abroad and for the general secretariat of the bank.
|DZ BANK Group 2008 preliminary annual results|
The DZ BANK Group has confirmed the full-year 2008 earnings outcome it announced in January: based on the preliminary IFRS figures, the group will end 2008 with a negative after-tax result of around EUR -1 billion.
|DZ BANK investment indicator: sentiment among private investors improving considerably|
Despite the turbulence on the international financial markets, German private investors assess the future prospects on the stock exchanges more optimistically than they have ever done this year. This was the surprising result of a representative survey among private investors which TNS Infratest carried out on behalf of DZ BANK AG. However, the positive market assessment does not correspond with investor behaviour. Investors prefer secure financial investments more than ever.
|DZ BANK and WGZ BANK resume exploratory talks|
DZ BANK and WGZ BANK have agreed to resume talks on a merger between the two cooperative central banks as well as on strategic and structural developments with regard to the local cooperative banks.
|Survey: German private investors look optimistically into the future |
The sentiment among German private investors has brightened in the past months. In the meantime only one in five security holders expects share prices to fall, which is significantly less than in February. As a consequence of the financial market crisis, investors are now attaching more importance than before to the aspect security when investing money. This emerged from a current representative survey, which TNS Infratest carries out quarterly on behalf of DZ BANK AG.
|Survey: private investors expect a further rise in petrol, energy and food prices|
Although petrol prices have already reached a historical high, nearly all German private investors are expecting a further increase in fuel prices. Moreover, the vast majority are also expecting electricity and food prices to rise further. At the same time more than three quarters are of the opinion that the government should lower petroleum tax and see higher opportunities for commodity investments.
|DG HYP and Münchener Hypothekenbank end merger talks|
The management boards of DG HYP and Münchener Hypothekenbank have today by mutual agreement declared the merger negotiations to be over. Following an in-depth review process, agreement could not be reached on crucial elements of the merger.
|DZ BANK expands in Project Finance Team|
Since last year DZ BANK has increased its strategic emphasis on cash-flow based financings. Jonathan Bullock has been appointed Managing Director and Head of DZ BANKs London-based EMEA Project and Structured Finance Team.
|DZ BANK issues successful equity transaction |
DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, has issued a new tier-1 bond with a volume of EUR 400m on Friday via its subsidiary DZ BANK Capital Funding Trust II, Delaware, USA.
|DZ BANK 2003: Repositioning bears first fruits |
DZ BANK has had a successful year in 2003. The Bank is back on the road to normality, said Chairman of the Board of Managing Directors Dr Ulrich Brixner when presenting the annual report and financial statements in Frankfurt.
|DVB Bank focuses business on transport financing |
As part of the strategy of giving DVB Bank AG a focus as transport financing specialist, DZ BANK AG is to take over at the end of 2003 the DVB Bank subsidiaries ReiseBank AG and CashExpress GmbH
|Supervisory Board approves norisbank takeover |
DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, is to acquire norisbank AG with effect from September 30, 2003. The bank's Supervisory Board has today given its seal of approval to the purchase agreement signed on July 16, 2003.
|DZ BANK takes over norisbank |
DZ BANK AG is taking over norisbank AG from the HVB Group and thus cements the position of the co-operative FinanzVerbund in the consumer loan business.
|DZ BANK presents 2002 results: |
DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, made further progress along the road to achieving its planned strategic and structural realignment during the 2002 financial year.
| || ||Martin Roth |
| || ||Silvia Conesa |
| || ||Sylke Grussendorf |
| || ||Uwe Wulf |