Created by Anna Mileiko 
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.
In 2015, WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank achieved the position of 23rd largest bank in Germany with a market share of 0.69%; its total assets dropped by 1.00%.
Deposits up to 100,000 EUR are covered by German deposit guarantee scheme in WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank.
WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank was the 23rd largest bank in Germany in terms of total assets. In 2015 its total assets were 47 768,70 mln EUR, providing the bank with the market share of 0.69%. In 2015 the bank's net income was 174,80 mln EUR.
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).
Entschädigungseinrichtung deutscher Banken GmbH (EdB)WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank participates in the deposit guarantee scheme of Germany which 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.
DZ Bank (Germany)WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank is a member of DZ Bank (Germany).
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.
WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank has profiles at the following social networks:
