PRESS RELEASES 2016
In H1 2016 the DZ BANK Group achieved a profit before taxes of EUR 1.57 billion (H1 2015: EUR 1.28 billion). Essentially, this result was based on what was predominantly a good operating performance in the group companies.
At today’s AGM in Frankfurt DZ BANK’s shareholders approved the merger agreement between DZ BANK and WGZ BANK with 99.99 per cent of the capital they represent.
The acquisition of a 25 percent share interest in the Hamburg start-up founded in 2015 is the first strategic investment in a FinTech by DZ BANK in the corporate customer business.
At its meeting today, the Supervisory Board of DZ BANK AG unanimously approved the merger agreement for the merger of DZ BANK and WGZ BANK.
Today the Boards of Managing Directors of DZ BANK and WGZ BANK jointly signed the merger documents required for the merger to form a joint cooperative central institution – the merger agreement and the merger report.
The DZ BANK Group continued its successful business development in 2015. On the basis of the preliminary IFRS figures, the Group achieved profit before taxes of € 2.45 billion.