Transparency is the basis for the trust of customers and society, and trust is what makes the cooperative financial network strong.
• 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
• 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
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.
The DZ BANK Group forms part of the German cooperative financial network, which includes around 770 Volksbanken Raiffeisenbanken and is one of Germany’s largest private-sector financial services organizations measured in terms of total assets.
DZ BANK is being rated by Standard & Poor's, Moody's and Fitch.
Find our financial, risk, and regulatory reports of DZ BANK Group and DZ BANK AG.
Find information on capital instruments of the DZ BANK Group as well as prospectuses and final terms of our issuances here.
Responsible management is a value that is deeply rooted in our cooperative corporate identity. It guides our actions in the various areas of sustainable banking - from strategy and risk management to communication.
DZ BANK supports the shift towards a sustainable economy and a responsible use of limited resources with its sustainable financing products. It has been active in the market segment for Sustainable Bonds since 2013 and is one of the leading European syndicate banks in this segment. By issuing its own green bonds, DZ BANK underlines the great importance it attaches to sustainability topics.
If you have any further questions, please contact the DZ BANK IR Team.
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