PRESS RELEASES 2011
DZ BANK notes the announcements made today by the European Banking Authority and competent National Supervisor regarding the capital exercise, which demonstrate the following result for DZ BANK.
DZ BANK took part in the EU-wide review of the capital requirement of European banks carried out by the European Banking Authority EBA in the context of the EU summit held on 23 and 26 October 2011.
The Supervisory Board of DZ BANK AG has extended the contract of Chief Executive Officer Wolfgang Kirsch by a further five years until 2017. Kirsch (56) became a Member of the Board of Managing Directors in 2002.
€638 million profit before taxes underscores successful partnership within cooperative financial network / Operating income advances by 5 percent to €2.1 billion / Tier 1 capital ratio rises to 11.5 percent
DZ BANK fully acknowledges the outcomes of the EU-wide stress test. The results determine that DZ BANK meets the capital benchmark set out for the purpose of the stress test.
The shareholders of WGZ BANK Luxembourg S.A. and DZ PRIVATBANK S.A. voted in favour of the merger today at the general meetings of the two companies in Luxembourg.
DZ BANK Research has developed its own sustainability-analysis system with which it will support institutional investors, asset managers and cooperative banks in their decisions regarding sustainable investments.
The DZ BANK Group transfers a partial amount of approx. EUR 1.3bn of its undisclosed reserves built up pursuant to section 340 f HGB and places these reserves in the fund for general bank risks pursuant to section 340 g HGB.
Earnings before tax (IFRS) almost doubled to EUR 1.6 billion / Good operating performance in the DZ BANK Group and DZ BANK AG / Dividend increases by 20 per cent to 12 cents per share