DekaBank is a securities house of German savings banks (Sparkassen) and is a parent company of Deka Group. Deka Group works closely with German savings banks to provide a broad range of investment instruments designed for retail and institutional investors.
In 2017 total assets of DekaBank Deutsche Girozentrale were 93 329,78 mln EUR. In 2017 the bank's net income was 72,28 mln EUR.
DekaBank Deutsche Girozentrale is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade).
DekaBank Deutsche Girozentrale participates in deposit guarantee scheme of Germany. This scheme covers accounts up to 100 000 EUR per bank per depositor.
DekaBank Deutsche Girozentrale is headquartered in Frankfurt Am Main.
|Total Assets (2017)|
|93 329.78 mln EUR (+10.40%)|
In 2017 total assets of DekaBank Deutsche Girozentrale were 93 329.78 mln EUR. Growth compared to the previous period (2016) was 10.40%. The evolution of the total assets of DekaBank Deutsche Girozentrale is shown at Chart 1 below.
Chart 1. Total Assets of DekaBank Deutsche Girozentrale.
|Net Income (2017)|
|72.28 mln EUR (+2.17%)|
In 2017 net income of DekaBank Deutsche Girozentrale was 72.28 mln EUR. Growth compared to the previous period (2016) was 2.17%. The evolution of the net income of DekaBank Deutsche Girozentrale is shown at Chart 2 below.
Chart 2. Net Income of DekaBank Deutsche Girozentrale.
|- (not rated)||Aa2 (high grade)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. DekaBank Deutsche Girozentrale is rated by Moody's.
Credit ratings assigned to DekaBank Deutsche Girozentrale as of May 2018 are shown in details in the following sections.
Long-term rating for DekaBank Deutsche Girozentrale it is set to Aa2 (high grade). Long-term bank deposit rating is Aa2 (high grade). Baseline credit assessment is baa2. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||Aa2|
|Baseline Credit Assessment||baa2|
Outlook for the ratings of DekaBank Deutsche Girozentrale is set to stable (not likely to change).
|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 DekaBank Deutsche Girozentrale 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|
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 DekaBank Deutsche Girozentrale and its components are shown in the table below.
|Bank BIC Code||DGZF|
|Country Code||DE (Germany)|
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 DekaBank Deutsche Girozentrale is shown in the table below.
DekaBank Deutsche Girozentrale operates under the brand name DekaBank. This banking brand has presence in the following European countries and selected dependent territories of the European countries: