Investor Relations News
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.
DZ BANK Group: Results of the 2018 EBA stress test
The DZ BANK Group took part in the EU-wide stress test conducted by the European Banking Authority (EBA), which was carried out in cooperation with the European Central Bank (ECB). DZ BANK obtained a satisfactory result. In the baseline scenario the bank recorded a common equity Tier 1 ratio of 14.3 %, in the adverse scenario a ratio of 9.0 % as at 31.12.2020. With the DZ BANK Group’s common equity Tier 1 ratio of 13.7 % as per 31.12.2017, the maximum negative stress effect is thus 4.7 percentage points.
H1 2018: The DZ BANK Group reports profit before taxes of EUR 1.03 billion
In H1 2018 the DZ BANK Group reported a profit before taxes of EUR 1.03 billion (H1 2017: EUR 939 million). A robust operating performance and an inconspicuous risk situation throughout the entire DZ BANK Group played a key role here. In particular, additions to risk provisioning for DVB Bank’s shipping portfolio were reduced significantly. The sale of significant parts of DVB Bank is making rapid progress. In addition, on 30 July Germany’s largest covered bond bank was created with the merger of DG HYP and WL BANK to become DZ HYP.
Henning Deneke-Jöhrens is the new Chairman of DZ BANK AG’s Supervisory Board
At its meeting on 30 May 2018 DZ BANK AG’s Supervisory Board elected Henning Deneke-Jöhrens as its new Chairman. He replaces Helmut Gottschalk, who is leaving the Board after fifteen years due to the age limit imposed by the Articles of Association. Mr. Gottschalk, the long-standing Spokesman of the Board of Managing Directors of Volksbank Herrenberg-Nagold-Rottenburg eG, was Chairman of the Supervisory Board of DZ BANK from 2010.
Preliminary results for 2017: DZ BANK Group reports a profit before taxes of € 1.81 billion
In 2017, the DZ BANK Group again delivered a good operating performance and generated a profit before taxes of € 1.81 billion (2016: € 2.2 billion). The results were underpinned by strong customer business along with very good results in most group companies. The annual financial statements factor in significantly increased allowances for losses on loans and advances in respect of DVB Bank’s maritime portfolio. Nevertheless, the DZ BANK Group’s profit before taxes was within the long-term target range of € 1.5 billion to € 2 billion.
Ulrike Brouzi to become a Member of the Board of Managing Directors ofDZ BANK AG
At its meeting today the Supervisory Board of DZ BANK AG appointed Ulrike Brouzi as a Member of the Board of Managing Directors. Ulrike Brouzi will join the bank on September 1, 2018 and in the course of the takeover of the Chairmanship of the Board of Managing Directors by Uwe Fröhlich and Dr. Cornelius Riese at the start of 2019 she will take over as Chief Financial Officer.