WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank

Business Focus
central cooperative banking

Since 1884 WGZ BANK performs the functions of a central bank for cooperative banks (Volksbanken und Raiffeisenbanken) in Rhineland and Westphalia, and promotes and supports the regional cooperative banks, which are both its main customers and shareholders. In addition, WGZ BANK is a traditional partner of the Rhenish-Westphalian SMEs and provides the SMEs with customized financial services. In June 2016 both DZ BANK and WGZ BANK shareholders approved the merger between the banks. The joint central institution servicing cooperative banks in Germany started operations on August 1, 2016.

Financials

Total Assets (2015)
89,795.00 mln EUR  (-5.35%)

WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank was the 16th largest bank in Germany in terms of total assets. In 2015 its total assets were 89 795,00 mln EUR, providing the bank with the market share of 1.29%.

Credit Ratings

Fitch: AA-
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: -
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality).

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Entschädigungseinrichtung deutscher Banken GmbH (EdB)
Covered Depositors
individuals
companies
Covered Accounts
all deposit accounts

WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank participates in the deposit guarantee scheme of Germany. This deposit guarantee scheme applies to all deposit accounts made by individuals, companies and covers up to up to 100,000 EUR per bank per depositor. WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank is a member of Entschädigungseinrichtung deutscher Banken GmbH (EdB) and makes its contributions into it.

Member of Group

 DZ Bank (Germany)

WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank is a member of DZ Bank (Germany).

Contacts

Ludwig-Erhard-Allee 20, 40227, Düsseldorf, Germany
10 10 32
211 778 00
211 778 12 77
https://www.wgzbank.de/

WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank was headquartered in Düsseldorf.

Bank Identifiers

BIC (SWIFT)
GENODEDDXXX
MFI ID
DE01127

Bank History

Close Date
August 2016