DZ Bank

DZ Bank AG is a German bank whose seat is located at Frankfurt amndt Hand and who gathers nearly 1.200 of the 1.400 banks mutualists of Germany.

Profile of the company

The DZ Bank is owner of the Volksbanken and the Raiffeisenbanken, as well as PSD-Banken and the Sparda-Banken. It thus forms the sixth plus large bank of Germany.

It describes itself like a " bank centrale" , which however contradicts the usual definition of a central bank as banks national transmitting of tickets, but corresponds historically to the function of the case Prussian central mutualist. Its principal task is to support the activity of its subsidiary companies by developing itself of the products which make it possible the small banks mutualists to propose with their customers a varied offer. Until August 2006, the Norisbank, known for its model of credit standardized " easyCredit" , belonged to the DZ Bank. The mark " easyCredit" however remained in the bosom of the DZ Bank. The Institute of transaction for the services of financial transactions regulates the financial affairs of the banks mutualists. The dwpbank AG deals with the titles of value. The DZ Bank is one of the principal owners of the dwpbank AG. Through its participation in CardProcess GMBH, it regulates the quesions of credit cards and other electronics means of payment. Lastly, power station DZ Bank is active in the relation-customers and the Strategy-Holding.

The DZ Bank has moreover the second larger collection of modern photography in Germany after that of the Deutsche Bank).

Board of directors At February 13rd, 2007, the board of directors of the DZ Bank is composed of:

Wolfgang Kirsch (president)
Dr. Thomas Duhnkrack
Heinz Hilgert (vice-president)
Albrecht Merz
Dietrich Voigtländer
Frank Westhoff

President of the board of trustees:

Christopher Pleister, President of the federal Association of the Banque Populaires (Deutschen Volksbanken) and the banks Raiffeisen

History

The DZ Bank results from fusion in 2001 of GZ-Bank (itself formed by the fusion of district banks SGZ and GZB) and of the DG Bank. Its seat is installed in Frankfurt in a 208 m height building (50 stages) conceived by the office of architects Kohn Pedersen Fox Associates in 1991-1993 (it is called the skyscraper of the crowns). The branch of Berlin, invested since 2000, was built by the famous architect Frank Gehry beside the door of Brandeburg (on the place of Paris) in 1996-1999. The negotiations on a possible fusion with the other power station of banks mutualists, it much smaller bank, began again in 2006 after the departure of Dr. Brixner and were stopped in December 2006 because of indiscretions.

Participations

TeamBank AG
Bausparkasse Schwäbisch Hall AG
Deutsche Genossenschafts-Hypothekenbank AG
R+V Versicherung AG
Union Asset Management Holding AG
VR Kreditwerk Hamburg - Schwäbisch Hall AG
DVB Bank AG (früher Deutsche VerkehrsBank AG): 92,55% since the September 26th 2003
DZ Privatbank (Schweiz) AG
DZ BANK S.A. in Luxemburg
Equity Partner GMBH
VR Leasing AG
CardProcess GMBH
ReiseBank AG
dwpbank AG: 40,00%

Owners of the shares

The DZ Bank AG had at the date of the December 31st 2004 a capital of 2.878 43 Million euros, éparti in the following way:

Co-operative (directly and indirectly) 78,24%
WGZ-Bank AG (directly and indirectly) 6,67%
Other co-operatives 6,81%
Others 8,28%

Bonds

dzbank.de - Official site of the DZ Bank.
DZ BANK S.A. - Luxembourg
DZ Privatbank Schweiz - Bank mutualist Privatbank Schweiz
VR-BankenPortal - Gate of information for Volksbank and Raiffeisenbank
federal Association of Volksbank and Raiffeisenbank

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