February 27, 2015 5:29 PM ET

Banks

Company Overview of DZ Bank AG

Company Overview

DZ Bank AG, a central and commercial bank, together with its subsidiaries, provides various financial products and services in Germany and internationally. The company operates in four segments: Bank, Retail, Real Estate Finance, and Insurance. The Bank segment offers corporate consumer loans; structured finance products, such as syndicated loans and acquisition finance; agriculture and renewable energies finance; international trade and export finance; project finance; asset securitization; letters of credit, guarantees, and collections; and leasing, as well as arranges and structures debt finance to support the acquisition of large and medium-sized companies. The Retail segment provides pr...

Platz der Republik

Frankfurt am Main,  60265

Germany

28,962 Employees

Phone:

49 69 7447 01

Fax:

49 69 7447 1685

Key Executives for DZ Bank AG

Chief Executive Officer and Chairman of Board of Managing Directors
Age: 59
Chief Financial Officer, Head of the Strategy & Controlling Division and Members of The Board of Managing Directors
Age: 39
Chief Executive Officer of Union Asset Management Holding AG
Chief Executive Officer of R+V Versicherung AG
Chief Executive Officer of VR-LEASING AG
Compensation as of Fiscal Year 2014.

DZ Bank AG Key Developments

Mitsubishi UFJ Reportedly In Talks To Acquire DVB Bank

Mitsubishi UFJ Financial Group, Inc. (TSE:8306) is in talks to acquire DVB Bank SE (DB:DVB) from DZ Bank AG, Bloomberg reported citing people with knowledge of the matter. Negotiations over the potential acquisition ended in December 2014 without an agreement. A second Japanese bank also held talks for DVB Bank SE. The discussions fell apart due to disagreements about deal structure. The Japanese firm wanted to acquire a minority stake with the option of buying the rest later, which wasn’t favored by DZ Bank AG as it would continue to have funding commitments. Spokesmen for Mitsubishi UFJ Financial Group, Inc., DZ Bank AG and DVB Bank SE declined to comment.

DZ Bank AG Presents at ECBC Covered Bond Congress 2014, Sep-25-2014 04:20 PM

DZ Bank AG Presents at ECBC Covered Bond Congress 2014, Sep-25-2014 04:20 PM. Venue: The Austria Center, Vienna, Austria. Speakers: Friedrich Luithlen, Head of Covered Bonds.

DZ BANK Group Reports Group Earnings Results for the First Half Ended June 30, 2014; Provides Earnings Guidance for the Second Half of 2014

DZ BANK Group reported group earnings results for the first half ended June 30, 2014. For the period, the company reported net interest income of €1,499 million compared to €1,571 million a year ago. Profit before taxes was €1,700 million compared to €1,343 million a year ago. The reason for this improvement is the strong operating performance throughout the entire DZ BANK Group, which is reflected in a positive result at all major group companies. The company provided earnings guidance for the second half of 2014. Because of the good economic situation in Germany, the outlook for the second half of 2014 is positive.

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Date
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Merger/Acquisition
December 10, 2014
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