DZ Bank AG () is the second largest bank in Germany by asset size and the central institution for around 800 cooperative banks and their around 8,500 branch offices. Within the

German Cooperative Financial Group The German Cooperative Financial Group, german: Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, sometimes referred to in English as "Volksbanken Raiffeisenbanken Cooperative Financial Network", is a major cooperative banking network ...

, which is one of Germany's largest

private sector The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The ...

financial service organizations, DZ Bank functions both as a central institution and as a corporate and investment bank. DZ Bank is an

acronym An acronym is a word or name formed from the initial components of a longer name or phrase. Acronyms are usually formed from the initial letters of words, as in ''NATO'' (''North Atlantic Treaty Organization''), but sometimes use syllables, as ...

for Deutsche Zentral-Genossenschaftsbank (literally "German Central

Cooperative Bank Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative banking, as discussed here, includes retail banking carr ...

"). As a holding, the DZ Bank Group defines itself primarily as a service provider for local cooperative banks and their 30 million or so clients. The DZ Bank Group includes:

DVB Bank DVB Bank SE is part of the DZ BANK Group and a specialist in international transportation finance, based in Frankfurt/Main, Germany. The Bank was listed on the Frankfurt Exchange and today is wholly-owned by DZ BANK. About 330 employees work at ...

, a transportation finance bank;

Bausparkasse Schwäbisch Hall Bausparkasse Schwäbisch Hall AG () is a building society in Germany, active abroad with subsidiaries in Eastern Europe and China. It has more than 10 million customers. Shareholders are the cooperative central bank DZ Bank (96.8 percent) in Fra ...

, a building society; DZ HYP (), a provider of commercial real estate finance; DZ Privatbank Gruppe; R+V Versicherung, an insurance company; TeamBank, a provider of consumer finance;

Union Investment Union Investment (; formal name Union Asset Management Holding AG) is the investment arm of the DZ Bank Group and part of the cooperative financial services network. It was founded in 1956 and is headquartered in Frankfurt. Trading in open-en ...

Group, an asset management company; VR Leasing; and various other specialized institutions. DZ Bank, headquartered in

Frankfurt Frankfurt, officially Frankfurt am Main (; Hessian: , "Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on its na ...

, Germany, is a member of CIBP,

EACB The European Association of Co-operative Banks (EACB) (GEBC in French) is the leading trade association for the co-operative banking sector with 27 member institutions and co-operative banks located in 22 countries worldwide. As the representative ...

, the

Euro Banking Association The Euro Banking Association (EBA) is an industry forum for the European payments industry with close to 200 member banks and organisations from the European Union and around the world aimed at fostering and driving pan-European payment initiativ ...

, and Unico. It maintains

branches A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term ''twig'' usually ...

, subsidiaries and representative offices in key financial centers and economic regions worldwide. The

DZ Bank building The DZ Bank building (formerly DG Bank building) is an office, conference, and residential building located at Pariser Platz 3 in Berlin. It was designed by architect Frank Gehry and engineered by Hans Schober of Schlaich Bergermann & Partner. ...

in Berlin, located at Pariser Platz 3, was designed by architect

Frank Gehry Frank Owen Gehry, , FAIA (; ; born ) is a Canadian-born American architect and designer. A number of his buildings, including his private residence in Santa Monica, California, have become world-renowned attractions. His works are considered ...

. DZ Bank also has one of the most significant collections of contemporary artistic photography which today comprises over 6,000 works by more than 550 artists. In 2016 DZ Bank was merged with

WGZ Bank The WGZ Bank (officially WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank) was the umbrella organization of some 230 cooperative financial institutions in the Rhineland and in Westphalia. Based in Düsseldorf, the company offers long-term real ...

, the central institute of the cooperative banks of both the Rheinland (Rhineland) and Westfalen (Westphalia).

Investments

DZ Bank is a shareholder of Canadian oil and gas company

TC Energy TC Energy Corporation (formerly TransCanada Corporation) is a major North American energy company, based in the TC Energy Tower building in Calgary, Alberta, Canada, that develops and operates energy infrastructure in Canada, the United States, a ...

, which is behind the controversial

Coastal GasLink Pipeline The Coastal GasLink pipeline is a TC Energy natural gas pipeline under construction in British Columbia, Canada. Starting in Dawson Creek, the pipeline's route crosses through the Canadian Rockies and other mountain ranges to Kitimat, where the ...

slated to be built on unceded Wet'suwet'en Nation territory in Northern

British Columbia British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, ...

. DZ Bank increased their stake on 31 March 2020 from 1.22 million to 4.27M shares, an increase of ~250%.

References

External links

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Annual Report - DZ BANK Group
{{Members of Euro Banking Association Banks based in Frankfurt Cooperative banks of Germany Banks under direct supervision of the European Central Bank

Investments

See also

References

External links