September 24, 2016 11:32 PM ET

Banks

Company Overview of TARGOBANK AG & Co. KGaA

Company Overview

TARGOBANK AG & Co. KGaA provides personal and business banking services to corporations, government agencies, financial institutions, and individual consumers in Germany. The company offers various deposit products, including savings and checking accounts, certificates of deposit, and individual retirement accounts. It also provides credit cards, real estate loans, and mortgage loans, and online banking, financial consulting, retirement planning, and estate planning services. It was formerly known as Citibank Privatkunden AG & Co. KGaA and changed its name to TARGOBANK AG & Co. KGaA in February 2010. The company was founded in 1926 and is based in Dusseldorf, Germany. TARGOBANK AG & Co. KGaA...

Kasernenstr. 10

Dusseldorf,  40213

Germany

Founded in 1926

Phone:

49 211 8984 0

Fax:

49 211 8984 1222

Key Executives for TARGOBANK AG & Co. KGaA

Chief Executive Officer
Executive Officer
Chairman of Executive Board and Director
Member of the Management Board
Compensation as of Fiscal Year 2016.

TARGOBANK AG & Co. KGaA Key Developments

Targobank Reports Earnings Results for the Year 2015

Targobank reported earnings results for the year 2015. For the year, the company’s after-tax profit jumped by 38% to EUR 347 million, boosted by the strong performance of the credit business. Pre-tax profit in the twelve months through December surged 61% to EUR 430 million.

TARGOBANK AG & Co. KGaA, Board Meeting, Nov 26, 2015

TARGOBANK AG & Co. KGaA, Board Meeting, Nov 26, 2015. Agenda: To consider executive changes.

TARGOBANK Announces Executive Changes

TARGOBANK AG & Co. KGaA announced that Pascal Laugel will replace Franz Josef Nick as its CEO. Nick's contract was to run through August 2016, but differences regarding the strategic plan for TARGOBANK have led the bank to end his mandate at the end of December. Laugel will be put forward as the new CEO on the next supervisory board meeting Nov. 26.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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