PRESS RELEASES 2017
DZ BANK Group brought H1 2017 to a successful conclusion thanks to good customer business. The positive operating performance was achieved in a demanding market environment and parallel to the integration work following the merger of DZ BANK and WGZ BANK, which has made rapid progress.
The Supervisory Board of DZ BANK AG dealt intensively with the further development towards a holding model agreed within the framework of the merger and decided on executive board staffing issues.
The two cooperative real estate banks DG HYP and WL BANK are pushing ahead with their planned merger. The banks started merger talks in March 2017 and since then have worked out the key features of the merged real-estate bank.
China Development Bank and DZ BANK sign strategic cooperation agreement. The aim is to intensify economic relations between both countries.
The DZ BANK Group reported a profit before taxes of € 2.2 billion in the financial year 2016. This result was driven mainly by a good development in the customer business. It also reflects the successful merger with WGZ BANK.
Lars Hille has informed the Chairman of the Supervisory Board, Helmut Gottschalk, of his wish to surrender his position on the DZ BANK AG Board of Managing Directors upon expiry of his contract on 14 October 2017 in order to pursue new professional challenges.
The banking supervisory authority in Indonesia has granted DZ BANK a licence to open a Representative Office in Jakarta. With 250 million inhabitants and average GDP growth of more than 5% a year Indonesia is currently one of the most attractive growth regions in the world.