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DZ BANK places Tier 2 Bond
- Debut transaction for institutional investors in a public deal format
- Issue volume €300 million
- 6 times oversubscribed
First half of 2025: DZ BANK Group reports a profit before taxes of €2.13 billion
- Very good business performance in the first half of the year
- Growth in customer business
- Group-level loss allowances lower than budgeted
- Capital ratio rises to 17.9 percent
DZ BANK Group: Results of the EBA Stress Test 2025
- Results confirm excellent capital position
- Negative stress effect in adverse scenario of 3.7 percentage points (fully loaded)
Results for 2024: DZ BANK Group reports a profit before taxes of €3.3 billion
- Profit before taxes that far exceeds expectations
- Continued growth in the customer business
- Implementation of key IT and digitalization projects
- Common Equity Tier 1 capital ratio reaches 15.8 percent
August 29, 2024: First half of 2024: DZ BANK Group reports a profit before taxes of €1.71 billion
- Very good profit before taxes in the first half of 2024
- Operating growth across all business lines
- Healthy customer business in a generally unremarkable risk situation
- Capital adequacy at high level of 15.7 percent
- Focus on investing in topics of the future
February 29, 2024: Preliminary results for 2023: DZ BANK Group reports a profit before taxes of €3.2 billion
- Very encouraging profit before taxes that far exceeds expectations
- Steady growth in the operating business
- Very solid capital base, with a CET1 ratio of 15.5 percent
August 29, 2023: First half of 2023: DZ BANK Group reports a profit before taxes of €1.95 billion
- Good operating performance in all business lines
- Very buoyant customer business; risk situation remains unremarkable
- Common equity Tier 1 capital ratio jumps to 15.6 percent following transition to IFRS 17
- Forecast for profit before taxes raised to above €2.5 billion
July 28, 2023: DZ BANK Group - Results of the EBA stress test 2023
- Stress test results confirm good capital situation of DZ BANK Group
- Maximum negative stress effect in the adverse scenario 6.5 percentage points
- Applying IFRS 17, DZ BANK Group achieves a CET1 ratio of 9.0% in the adverse scenario
March 28, 2023: DZ BANK expands ESG targets
- Expansion of environmental, social and corporate governance objectives
- Decarbonisation pathways for five emissions-intensive industries
- Good starting position due to already high CO2 efficiency in the portfolio
- Reduction of CO2 intensity compatible with the 1.5 degree target of the Paris climate agreement
February 28, 2023: Preliminary results for 2022: DZ BANK Group reports a profit before taxes of €1.8 billion
- Good profit before taxes exceeds expectations
- Positive operating performance in all business lines
- Solid capital base, with a common equity Tier 1 capital ratio of 13.7 percent
- Unremarkable level of loss allowances at €304 million
Februar 23, 2023: DZ BANK sets its personnel course for the future
During its meeting on 23 February 2023, the Supervisory Board of DZ BANK AG decided on personnel changes in the Board of Managing Directors of DZ BANK. Accordingly, Cornelius Riese (48), Co-Chief Executive Officer of DZ BANK, will take over as sole Chief Executive Officer with effect from 1 July 2024. At this time, Uwe Fröhlich (62), Co-Chief Executive Officer of DZ BANK, will retire as planned.
First half of 2022: DZ BANK Group reports a profit before taxes of €1.14 billion
In the first half of 2022, the DZ BANK Group generated a profit before taxes of €1.14 billion (first half of 2021: €1.83 billion). Key to these encouraging earnings were the good operating performance in all business lines and the still unremarkable risk situation.
March 24, 2022: Souad Benkredda becomes a member of the Board of Managing Directors of DZ BANK AG
At itsmeeting today, the Supervisory Board of DZ BANK AG appointed SouadBenkredda to succeed Wolfgang Köhler, the member of the Board of Managing Directors responsible for Capital Markets business and Group Treasury. Wolfgang Köhler (62) will be entering the next phase of his life on 31 December 2022, after more than 40 years with the Cooperative Financial Network, including as a member of the Board of Managing Directors of DZ BANK since 2007. Souad Benkredda will join the Bank on 1 September 2022.
March 2, 2022: Preliminary results for 2021x
DZ BANK Group reports a profit before taxes of €3.1 billion
• Customer business expanded and market position strengthened
• Results supported by developments in the capital markets
• Low level of loss allowances required thanks to stable economic conditions
• Capital adequacy remains at a healthy level, with a common equity Tier 1 capital ratio of 15.3 percent
• Scaling back of DVB Bank almost completed
First half of 2021: DZ BANK Group reports a profit before taxes of €1.83 billion
In the first half of 2021, the DZ BANK Group generated a profit before taxes of €1.83 billion (first half of 2020: €557 million). This very good result is attributable to a very satisfying business performance in virtually all entities and a risk situation that remained unremarkable. Another contributing factor was the uptrend in the capital markets.
DZ BANK Group: Results of 2021 EBA stress test
DZ BANK Group participated in the EU-wide stress test conducted by the European Banking Authority (EBA) in cooperation with the European Central Bank (ECB) and the European Systemic Risk Board (ESRB). The EBA announced the results of its 2021 stress test today and DZ BANK has achieved solid results.
Preliminary results for 2020: DZ BANK Group reports a profit before taxes of €1.46 billion
In 2020, the DZ BANK Group generated a profit before taxes of €1.46 billion (2019: €2.66 billion). The group, which is part of the cooperative financial network, has therefore coped well with the effects of the COVID-19 pandemic so far and met its earnings target of approximately €1.5 billion, which had been set before the pandemic.
Ordinary termination and redemption of outstanding Tier 1 issuances
Thanks to its strong capital and liquidity position, DZ BANK AG announces today that it will terminate and redeem all outstanding Tier 1 instruments that have been issued by DZ BANK via special purpose vehicles. The termination and redemption refers to a total volume of issuances of € 1,410.3 million.
First half of 2020: DZ BANK Group reports a profit before taxes of €557 million
In the first half of 2020, the DZ BANK Group generated a profit before taxes of €557 million (H1 2019: €1.46 billion) and has thus far coped well with the impact of the COVID-19 pandemic.
Preliminary results for 2019: DZ BANK Group reports a profit before taxes of €2.7 billion
In 2019, the DZ BANK Group generated a profit before taxes of €2.7 billion (2018: €1.4 billion). This figure is attributable to the healthy operating performance of all group entities. Customer business increased in many areas. Although loss allowances went up, following high reversals in the previous year, they were still below normal levels.
H1 2019: DZ BANK Group reports a profit before taxes of €1.46 billion
In the first half of 2019, the DZ BANK Group generated a profit before taxes of €1.46 billion (H1 2018: €1.03 billion). This significant improvement on the prior-year period was attributable to the strong operating performance across all entities coupled with an inconspicuous risk situation. One-off items were also a contributing factor, including reporting-date-related valuation effects at R+V Versicherung and DZ HYP as a result of the situation in the capital markets. The disposal of foreign companies of Bausparkasse Schwäbisch Hall and Union Investment also had a positive impact, as did sales transactions at DVB Bank.
Preliminary results for 2018: DZ BANK Group reports a profit before taxes of €1.4 billion
In 2018, the DZ BANK Group generated a profit before taxes of €1.37 billion (2017: €1.81 billion). This was the result of its good operating performance. The DZ BANK Group increased the volume of business and gained market share in most areas. At the same time, the results reflect negative measurement effects caused by conditions in the capital markets. Other adverse one-off factors also had an impact.
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