The DZ BANK AG German central loan bank, Frankfurt/Main with seat in Frankfurt/Main is the controlling body that about 1,200 of approx. 1,400 German credit cooperatives, in particular people banks and Raiffeisen banks, in addition, PSD banks and savings since banks, which do not lie in the of the WGZ bank. It is the fifth-largest bank of Germany after balance sheet total (conditions: 13. December 2003).

It calls itself as central bank of the credit cooperatives, in particular the people banks and Raiffeisen banks, which contradicts however the usual definition of a central bank in the sense of a national issuing bank, but is historically before the background of the institute for predecessor of the Prussian central cooperative cash in the function of the applicable. Their major task is the promotion of the business of the credit cooperatives in their line of business through products developed central by it, which make it for the partly quite small credit cooperatives possible to make for their customers a comprehensive all financial product offer. In addition also the R+V insurance, the building society Swabian belonging to the DZ BANK company contributes resounds (BSH) and the union Investment as well as the DG Hyp (Hypotekar credits) and norisbank (standardized consumer credit "“easyCredit"”). It completes the exchange of the credit cooperatives over its daughter TAI AG. The completion of the security business takes place via dwpbank the AG. The DZ BANK is one of the largest portion owners dwpbank of the AG. By its participation in the CardProcess GmbH it supports the credit cooperatives in the completion of the and all questions approximately around electronic paying. Beyond that it is one in the firm customer business active clearing bank and strategy getting thing for their subsidiaries in the Genossenschaftlichen group of companies.

It resulted 2001 from a fusion of the GZ-bank (this had come out briefly before from the fusion of the regional central banks SGZ and GZB) on the DG bank. Their head office is a building high of the architect's office Kohn Pedersen Fox Associates 1991-1993 built, 208 m (50 floors) in Frankfurt, the so-called crown multistoried building, Westendstr. 1. Was built of 1996-1999 the address in Berlin, sketched by franc Gehry, at Paris place between Brandenburger the gate and the hotel Adlon, which is used since at the beginning of of 2000. The negotiations over a possible fusion with other regional Zentralinstitut of the loan banks, which became clearly smaller WGZ bank, postponed.

In addition the DZ BANK possesses the second largest art collection of Germany (after the German bank) over modern photography.

Executive committee

The executive committee of the DZ BANK consists of (conditions: 3. June 2006):

• Dr. Dr. h.c. Ulrich Brixner (chairman of the board)
• Wolfgang Kirsch (deputy chairman of the board)
• Dr. Thomas Duhnkrack
• Heinz Hilgert
• Albrecht Merz
• Dietrich
• Franc westhope

Chairman of the supervisory board

• Dr. Christopher Pleister, president of the Federal association of the German people banks and Raiffeisen banks registered association.

Participation

• Building society Swabian resound to AG
• DG HYP German cooperative mortgage bank AG
• norisbank AG
• R+V insurance AG
• Union ate management getting thing AG
• VR credit work Hamburg - Swabian resound to AG
• DVB bank AG (in former times German traffic bank AG): 92.55% since 26 September 2003
• DZ PRIVATE BANK (Switzerland) AG
• DZ BANK international in Luxembourg
• VR LEASING AG
• CardProcess GmbH

Shareholder

The DZ BANK AG had a capital stock of 2.878, 43 millions euro to 31 December 2004. This divides itself on the following shareholders:

• Credit cooperatives (direct and indirect) 78.24%
• WGZ bank AG West German cooperative central bank (direct and indirect) 6.67%
• Other cooperatives 6.81%
• Other 8.28%

Related links

• dzbank.de - official Website of the DZ BANK.
• Reverse-feed bank portal - information portal for people banks and Raiffeisen banks.
• Federal association of the people banks and Raiffeisen banks
• kreditwerk.de - official Website of the VR credit work Hamburg-Swabian resound to AG

Articles in category "DZ BANK"

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Related Websites

We found here 3 related websites.

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• Welcome to DZ BANK
  Welcome to DZ BANK.