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WGZ BANK
THE CENTRAL INSTITUTION
WGZ BANK is the central institution of about 250 Volksbanken and Raiffeisenbanken in Rhineland and Westphalia, with its head office in Düsseldorf, Germany´s second largest financial centre. Located in the heart of Europe, in one of Germany's and Europe's economically most important regions, it supports and complements the services of these banks in both national and international business.
With consolidated total assets of € 61.3 billion, WGZ BANK is one of Germany's largest banking institutions. The co-operative banks linked up with WGZ BANK maintain about 2,500 outlets and have approximately 2.6 million members. The combined balance sheet total of these banks amounts to about € 135 billion. WGZ BANK sees its main corporate objective in the promotion and strengthening of the competitiveness of these local co-operative banks.
THE COMMERCIAL AND WHOLESALE BANK
Apart from having its traditional function as a central institution, WGZ BANK is a commercial bank offering a wide range of customized and highly sophisticated services and products to corporates, and capital market clients. As wholesale bank WGZ BANK plays an active role as trading partner in the international money, forex, derivatives and capital markets as well as in bond issues and syndications.
Additionally, we offer to our customers a complete range of financial products through subsidiaries and specialised companies belonging to the GENO Group Germany and in which WGZ BANK holds important shareholding positions.
A STRONG PARTNER IN INTERNATIONAL BUSINESS
WGZ BANK provides its local co-operative banks with a link to the international markets. It co-operates with more than 3,000 correspondent banks on all continents and thus ensures a speedy and smooth handling of international transactions. Additionally, WGZ BANK plays an active role in the international syndicated loan market.
With subsidiaries, participations and the network of the GENO Group Germany in many international places, WGZ BANK has access to all important financial centres in the world.
In addition, co-operation agreements exist with a number of renowned international banks.
DZ BANK AG
The DZ BANK AG Group is part of the German cooperative financial services network, which comprises around 1,000 local cooperative banks and is one of Germany‘s biggest private sector financial services organisations measured by consolidated assets. Within the cooperative financial services network, DZ BANK AG functions as a central institution for around 1,000 local cooperative banks with 12,000 branches and also as a corporate bank.
The DZ BANK AG Group includes the successful subsidiaries Bausparkasse Schwäbisch Hall, DG HYP (Deutsche Genossenschafts-Hypothekenbank), DZ BANK International, DZ PRIVATBANK Schweiz, R+V Versicherung, TeamBank, Union Investment Group, VR LEASING and a range of other specialised service providers. With their strong brands, the companies of the DZ BANK AG Group are central pillars of the cooperative financial services network’s financial products and services. Cooperation among the DZ BANK AG Group companies makes it possible to optimize the network’s market offerings for the benefit of the local cooperative banks and their base of around 30 million customers.
This combination of banking, insurance, home loan savings and securities investment services has a long and successful tradition in the cooperative financial services network. All the DZ BANK AG Group‘s specialized service providers offer first-class and highly competitive products in their respective fields of expertise at reasonable prices. They help equip Germany’s local cooperative banks to offer their customers the complete spectrum of first-rate financial services.
BVR
Volksbanken and Raiffeisenbanken, with over 15 million members and approximately 30 million customers, are a pillar of German banking and a major force in the German economy.
The Group is traditionally associated with and feels a particular obligation to the whole range of small and medium-sized enterprises. It has always been the policy of the Group to promote the interests of SME members and customers, and it is actively committed to supporting them in all financial matters.
Volksbanken and Raiffeisenbanken, as comprehensive banking institutes, offer their customers an extensive range of financial services from one source. This is ensured by close co-operation with highly efficient specialised institutes within the Co-operative Banking Group, among them DZ BANK AG Deutsche Zentral-Genossenschaftsbank as central-credit institution, WGZ BANK, Bausparkasse Schwäbisch Hall, R+V-Versicherungsgruppe, Union-Investment-Gruppe and Deutsche Genossenschafts-Hypothekenbank AG.
Volksbanken and Raiffeisenbanken as independent entities are rooted in regional economic life in a unique way. Their business strengths lie in a thorough knowledge of the market and personal contact with the people in the region.
As central organization of the Co-operative Banking Group, Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) functions as promotor, representative and strategy partner of its members. |
