International teams,  international expertise:  two colleagues having a look  at a computer screen that displays  a share price development

Know more: DZ Research

Shaping success together.

Every good business decision is not only based on years of experience and expertise, but also on a sound knowledge of market situations and outlooks. DZ BANK Research is an award-winning analysis house with around 80 experts.

We provide publications with reports and forecasts on 25 economies, 19 currencies, 150 bond issuers, around 300 equities and 12 commodities. An information advantage you can base your decisions on.

Research is not a one-man show, but rather a team effort. While the various needs of our clients are challenging, they also make our work exciting. We cultivate proximity to clients so that we can provide them with what they need.

Dr. Jan Holthusen, Head of Research and Economics Division
Dr. Jan Holthusen, Head of Research and Economics Division

Strength in numbers and depth of knowledge

DZ BANK Research is one of the largest analysis houses in Germany. We are international and cosmopolitan: Our colleagues hail from Afghanistan, Bulgaria, Germany, England, Cameroon, Spain and Turkey. We are business people and economists, biologists and medical professionals, mathematicians, media consultants, physicists and business informatics specialists.

Our extensive research publications appear in German and partly in English.
Every day we analyze economic events in the world. Furthermore, we are in constant exchange with our clients to identify questions for in-depth investigations into specific topics and issues – tailored to client needs and to specialist topics.

DZ Research in figures

Dr. Michael Holstein, Chief Economist

Dialogue is important to us. We are not only interested in the forecasts, but also in taking up current topics and answering questions of general interest. This also provides us with important impetus for our publications.

Dr. Michael Holstein, Chief Economist

Get to know our economic research

If you are interested in our publications, take a look at (or have a listen to)
our current content:

Always on: a female expert is checking news on her smartphone

DZ Research sample studies

Get a first impression of our product offering here. Should you have further interest, you can order a personal trial subscription for a maximum of three months with access to our Research Center.
(Please note: The trial subscription offer is for institutional/professional clients

DZ Research Center

Two business colleagues comparing notes

DZ Research Blog

The blog offers a broad and in-depth analysis spectrum. Experts from DZ BANK Research analyse current data on economic trends, evaluate the latest developments on the capital markets and comment on the impact of political events on the economy.
(Please note: This blog is currently only being published in German.)

The podcast is on: a woman  speaking into a microphone  with two men listening via headphones

DZ Research Blog Podcast

Our offer for insights on the go: Whether you are waiting for a taxi, take a break between meetings or are going for a jog – our podcast provides you with the latest expert views on economic events, trends, and impacts. Listen to our podcast on
(Please note: This podcast is currently only available in German.)

DZ Disclosures

Thorsten Hähn, Head of ESG and Corporate Bonds

We have repeatedly initiated studies and projects in our team, which mainly came about through valuable suggestions from our clients. Such input often makes it even clearer to a researcher as to what content is of interest or how the presentation can be optimised. Furthermore, a 'product' that has been developed through exchange with the client ensures that we as researchers are on the right track with our services.

Torsten Hähn, Head of ESG and Corporate Bonds Our Research

Our Research Mindset

Creating a well-founded data base, providing clients and colleagues with specialist input and market strategies requires more than an analytic mind.

Our top performance is defined as substantiated forecasts, our own positions beyond the mainstream, exciting ideas for reports and new and diversified perspectives. It is shaped by:

left and right to learn more
  • A group of experts around a table, confering


    In our analyses, we take off our "German glasses", change our views in different scenarios and adopt new perspectives. It is important to take local and cultural particularities into account, whether when looking at individual markets, talking to clients or during meetings in the respective country.

  • Partnership

    Partnership defines our ethos; team performance, diversity of thought, collaborative problem-solving, and trust in individual expertise drive our success. This extends to our customer relationships; we prioritize open dialogue, mutual exchange, and deeply value our clients' needs, shaping our services and actions accordingly.

  • Innovation

    Discovering and trying out new things, always looking for the perfect solution: we strive to optimise services for our customers, to continuously develop analytical methods and to streamline our processes.We use the possibilities offered by digitalisation in analysis, publication production and distribution.

  • Sustainability

    Sustainability shapes our entire analysis. We therefore place great emphasis on continuity in coverage and at the same time strive to make dynamic adjustments to our research universe in order to meet the needs of our internal and external clients, private clients and cooperative banks alike.

  • Security

    Our analysis and publication process is marked by security, transparency, and independence. We ensure comprehensible methods, shared responsibility for forecasts, dual control in research publications, and confidentiality for investment and strategy recommendations.

  • Performance

    Albeit having brilliant specialists in their own right on board, we can only develop our full potential when we work as a team. We appreciatemcooperation, interaction and exchange; the serve and the return. Furthermore, we rely on our clients’ feedbacks, continue to undergo further training and are open to new ideas.

  • Courage

    We courageously express our opinions, even if they are critical or challenge established practices. This, at times, means swimming against the tide, listening to outsider opinions and integrating them into an overall picture, choosing innovative approaches to new topics and revising opinions if necessary.

  • Consistency

    For us, consistency goes hand in hand with courage. When the environment in which we have built our overall picture of economic trends and developments in the financial markets changes, it takes courage and consistency to react to it, to act and to change opinions and forecasts, to gain experience and draw best conclusions.

Describing DZ BANK Research as classic "research" does not quite capture the essence of our work; it is more a recurring process of exploring and searching. The object of our research, the capital markets, is subject to constant change, and so too are the topic areas and approaches to analysis. In short: research is like chess, only WITH dice.

Christian Lenk, Senior Market Strategist
Christian Lenk, Senior Market Strategist
A young professional, checking her phone: Getting in touch with DZ BANK Research for further insights is easy, just send us an e-mail at

Contact DZ BANK Research

In addition to the publicly available highlights on the economy and currencies, we
also make our current content available for you to call up individually. We will be
glad to discuss access options with you.

If you have any questions about DZ BANK Research or require research results,
please do not hesitate to contact us: