DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main

Deutsche Zentral Genossenschaftsbank (DZ Bank, eng: German Central Bank of Cooperative Banks) is the central institution and a parent holding company of DZ Bank Group (Germany). DZ Bank is the subsidiary partner of almost 900 local cooperative banks in Germany (Volksbanks and Raiffeisenbanks) providing the banks with liquidity balancing and reliable refinancing management services. DZ Bank is an internationally oriented bank, providing SMEs with corporate finance products. In investment banking DZ Bank specialises in fixed income and private-customer-focused securities services.

Financials

Total Assets (2017)
252.00 bln EUR  (-0.52%)
Net Income (2017)
324.00 mln EUR  (-0.61%)

In 2017 total assets of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main were 252,00 bln EUR. In 2017 the bank's net income was 324,00 mln EUR.

DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality).

DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Head of Group

 DZ Bank (Germany)

Contacts

Platz der Republik, 60325, Frankfurt am Main, Germany
69 74 47-01
069 74 47-1685

DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main is headquartered in Frankfurt Am Main.

Bank Identifiers

BIC (SWIFT)
GENODEFFXXX
MFI ID
DE01121

Financial Positions

Total Assets (2017)
252.00 bln EUR  (-0.52%)

In 2017 total assets of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main were 252.00 bln EUR. Decline compared to the previous period (2016) was -0.52%. The evolution of the total assets of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main is shown at Chart 1 below.

Total Assets of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main.

Chart 1. Total Assets of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main.

Profit and Loss

Net Income (2017)
324.00 mln EUR  (-0.61%)

In 2017 net income of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main was 324.00 mln EUR. Decline compared to the previous period (2016) was -0.61%. The evolution of the net income of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main is shown at Chart 2 below.

Net Income of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main.

Chart 2. Net Income of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main.

Market Share and Rank (among banks in Germany)

Total Assets (2016)
4th (market share 3.58%)

In 2016 DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main was ranked the 4th largest bank in Germany in terms of total assets, having 3.58% of the domestic market share.

Market share of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (among banks in Germany)

Chart 3. Market share of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (among banks in Germany)

Several banks having the market shares and ranks closest to DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main are shown below.

RankNameTotal AssetsMarket Share
3Commerzbank AG480500.00 mln EUR6.78%
4DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main253315.00 mln EUR3.58%
5UniCredit Bank AG250328.00 mln EUR3.53%
 

Credit Ratings (as of May 2018)

Fitch Moody's
AA- (very high credit quality) - (not rated)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main is rated by Fitch.

Credit ratings assigned to DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main it is set to AA- (very high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main is set to F1+ (highest short-term credit quality).

Long-Term Issuer Default Rating  AA-
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1+
Viability Rating  -
Support Rating  WD
Support Rating Floor  WD

Viability rating for DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main is not set support rating is WD; support rating floor is WD (withdrawn).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.

In the case of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  all deposit accounts (deposits on current accounts and savings accounts, overnight money or time deposits, registered savings bonds, and similar)
Covered Currencies  EU currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main and its components are shown in the table below.

BIC  GENODEFFXXX
Bank BIC Code  GENO
Country Code  DE (Germany)
Location Code  FF
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main is shown in the table below.

MFI ID  DE01121

European Presence: 3 banks in 3 countries

DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main operates under the brand name DZ Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Germany

  • (this bank) DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (Frankfurt am Main)

Poland

United Kingdom

Defunct Banks: 3 banks in 3 countries

The following banks operating under DZ Bank brand name has been recently closed down:

Cayman Islands

Ireland

Poland