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Profile of the DZ BANK Group

Partners in the Volksbanken Raiffeisenbanken cooperative financial network

The DZ BANK Group forms part of the German cooperative financial network, which includes almost 850 Volksbanken Raiffeisenbanken and is one of Germany’s largest private-sector financial services organizations measured in terms of total assets. Within the cooperative financial network, DZ BANK AG functions as the central institution and is responsible for supporting the business of the cooperative banks in their regions and strengthening their competitiveness. It also operates as a corporate bank and acts as the holding company for the DZ BANK Group.

The DZ BANK Group includes Bausparkasse Schwäbisch Hall, DZ HYP, DZ PRIVATBANK, R+V Versicherung, TeamBank, the Union Investment Group, VR Smart Finanz, and various other specialized institutions. With their strong brands, the entities in the DZ BANK Group constitute key pillars in the range of financial products and services offered by the cooperative financial network. The DZ BANK Group delivers its strategy and range of services for the cooperative banks and their customers through its four business lines – Retail Banking, Corporate Banking, Capital Markets, and Transaction Banking.

This combination of banking, insurance, home savings, and personal investment products and services has a long and successful tradition in the cooperative financial network. The specialized institutions in the DZ BANK Group provide highly competitive products at reasonable prices within their specific areas of expertise. This ensures that the cooperative banks in Germany are able to offer their clients a comprehensive range of outstanding financial services.

Strong brands – strong partners Some of the DZ BANK Group’s brands

DZ BANK AG

DZ BANK is the second-largest commercial bank in Germany and the central institution in the Volksbanken Raiffeisenbanken cooperative financial network. It is the central institution for all cooperative banks in Germany, which number around 850 and between them hold the majority of its shares. Under the tagline ‘DZ BANK. Die Initiativbank’, it supports the business of the independent cooperative banks in their regions with the aim of strengthening their competitiveness. The combination of local customer knowledge and central product expertise has proved to be highly effective.

DZ BANK’s range of products and services extends from classic and innovative products, structuring, and issues, to trading and sales in the equity and bond markets. DZ BANK also acts as a corporate bank for businesses and institutions. It maintains branches and representative offices in key economic regions around the globe, helping businesses to further their international activities.

DZ BANK also acts as a holding company for the entities in the DZ BANK Group, each of which has its own strong brand and constitutes a key pillar in the range of financial products and services offered by the cooperative financial network.

DZ BANK aims to offer high quality not only for its customers, but also for its employees. With this in mind, it regularly arranges for its services as an employer to be reviewed by third parties. For example, for more than ten years, the bank has been singled out as one of Germany’s top 100 employers by the Top Employers Institute. This year, it won the Leading Employers Germany award for the second time in succession. Since 2007, it has also regularly received the auditberufundfamilie® certificate for its life-stage-oriented HR policies.

For some years now, DZ BANK has had the content and structure of its development programs for trainees reviewed by an independent third party. A number of awards confirm the high quality of the programs and the bank’s ongoing work on them: Fair Training (since 2018) and Fair Trainee Program (since 2012) from the trendence market research institute and Fair Company (since 2004) from karriere.de.

R+V Versicherung

R+V Versicherung is one of the leading insurance companies in Germany and has been on a growth trajectory for many years now. It is the second-largest insurer in both the life and non-life sectors. Based in Wiesbaden, R+V enjoys the trust of more than eight million customers, who have insured over 24 million risks.

It forms part of the Volksbanken Raiffeisenbanken cooperative financial network and offers innovative, tailored insurance solutions. The product range encompasses all established types of insurance. For retail customers, R+V offers bespoke insurance and pension solutions. In its corporate business, R+V is traditionally closely associated with SMEs operating in industry, commerce, skilled trades, agriculture, and other areas of small and medium-sized business activity, and develops specific risk mitigation strategies for these businesses. R+V also takes on inward reinsurance business around the globe.

R+V’s significant financial strength has been constantly reaffirmed by leading rating agencies. For instance, S&P Global Ratings (formerly Standard & Poor’s) has repeatedly issued R+V Versicherung AG with a rating of AA– with a stable outlook, while Fitch Ratings has given R+V Lebensversicherung AG an AA rating. R+V has received a Top German Employer award and holds the Fair Company seal of approval. It also regularly occupies some of the top spots in numerous product ratings. For example, R+V Lebensversicherung AG achieved five stars in the Finsinger rating published in WirtschaftsWoche magazine. In the agricultural insurance business, R+V has been ranked number one for many years in the image barometer of the Deutsche Landwirtschaftsgesellschaft (DLG) [German Agricultural Society].

R+V is also committed to sustainability and has an environmental management system certified by TÜV Rheinland.

 

Union Investment Gruppe

The Union Investment Group is the fund management specialist within the cooperative financial network and has been developing investment solutions for retail and institutional investors for more than 60 years. Around 3,200 employees manage assets amounting to €368.2 billion. In total, more than 4.6 million customers entrust Union Investment with their money.

Union Investment works closely with its partners in the local cooperative banks to provide retail investors with investment solutions that are tailored to their individual circumstances. Multi-asset solutions, open-ended real estate funds, and fund-based saving in regular installments are especially popular products. Despite the turmoil in the stock markets, the total sum invested in 2019 by retail investors came to €8.1 billion. The volume of assets under management for retail investors amounted to €160.4 billion.

As an experienced risk manager, Union Investment provides domestic and international institutional investors with asset management concepts and sustainable investment solutions. In Germany, it is the second-largest partner to institutional investors such as corporations, banks, insurers, pension funds, and charitable foundations, for which it manages some €207.8 billion.

Union Investment has won a number of awards that bear testimony to the high quality of its services. It has a particularly strong track record in respect of the Capital Fund Compass: Union Investment is the only fund management company to have received the highest rating 17 times in succession. Furthermore, it again won a Top Employer award.

DZ HYP

DZ HYP is one of Germany’s leading real estate banks and is the center of excellence for public-sector customers in the cooperative financial network. Its decentralized support for the local cooperative banks is a core element of DZ HYP’s sales activities. With a broad, decentralized focus and close proximity to its customers, DZ HYP assists the local banks with their regional marketing in its four divisions: Commercial Real Estate Investors, Housing Sector, Public Sector, and Retail Customers/Private Investors. DZ HYP offers bespoke funding solutions for commercial real estate customers – investors, building contractors, and project developers. Its core segments are office, residential, and retail properties. The bank also serves the following specialist segments: hotels, logistics facilities, and social housing. DZ HYP is a long-standing partner to cooperative, municipal, and church housing companies, providing them with individual long-term finance solutions. Dedicated contacts maintain close, personal relations with customers and the relevant industry organizations.

As part of the cooperative financial network, DZ HYP is also the center of excellence for local cooperative banks in the Public Sector division. It helps the local banks to develop their business across Germany with local authorities and with their legally dependent enterprises, local associations, and institutions governed by public law. DZ HYP works closely with the local cooperative banks in the retail customer business too. In this business, their shared customers are private house-builders and private investors who are buying property for their own use or as an investment. They are offered rapid and secure initial and follow-up finance. DZ HYP has locations across Germany: its two headquarters in Hamburg and Münster, six regional centers in major cities, and further regional offices throughout the country.

DZ PRIVATBANK

DZ PRIVATBANK is the cooperative private bank for the local cooperative banks. It operates as a center of excellence that specializes in individual solutions for private banking customers, fund services, and lending in euros and all other common currencies. Its business activities are focused on the German-speaking market and on close collaboration with the cooperative financial network. DZ PRIVATBANK operates from ten locations in Germany – Hamburg, Hannover, Oldenburg, Berlin, Leipzig, Düsseldorf, Frankfurt, Stuttgart, Nuremberg, Munich – and offices in Zurich and Luxembourg, where the head office is also situated. It is one of Germany’s largest asset managers, with assets under management of more than €19 billion.

The option of spreading assets across accounts in Germany, Luxembourg, and Switzerland and the provision of specialized products in each country are core pillars in a comprehensive portfolio of services for retail customers, businesses, and institutional clients. The range of services includes structuring and management of assets, pension planning, advice on charitable foundations, fund issuance, and general financing. The combination of local, national, and international wealth management expertise and cooperative values such as partnership, stability, and security is what makes DZ PRIVATBANK’s business model unique. As they say at DZ PRIVATBANK: “Weil nicht nur zählt, was zählbar ist” – Things you can count are not the only things that count.

VR Smart Finanz

In the Volksbanken Raiffeisenbanken cooperative financial network, VR Smart Finanz is the network partner for simple solutions for small and medium-sized enterprises. It thus specializes in the provision of quick and convenient financing solutions tailored to regional SMEs and the cooperative banks’ small-business and self-employed customers. The product range encompasses leasing, hire purchase, and loans. VR Smart Finanz also offers digital services that help business customers to manage their day-to-day finances.

Its strengths lie in reliable, digitally supported financing decisions made within just a few minutes. For example, ‘VR Smart flexibel’ is a business lending product that provides instant financing up to a sum of €100,000 and can be arranged entirely online on selected Volksbanken Raiffeisenbanken websites. ‘VR Smart express’ is a hire purchase solution offering financing up to €250,000, with a decision still being made during a meeting with the customer.

VR Smart Finanz sees itself as a sustainable company that lives up to its responsibilities toward employees and the environment. As a brand of VR-LEASING Aktiengesellschaft, making it part of the DZ BANK Group, it has committed itself to the sustainable development goals of the UN Global Compact and to a groupwide climate strategy. The company has been awarded ECOPROFIT certification from the City of Frankfurt.

TeamBank AG

TeamBank AG with its easyCredit product family is the center of excellence for modern innovative liquidity management within the Volksbanken Raiffeisenbanken cooperative financial network. It provides integrated, innovative products and services that give customers easy access to liquidity wherever they are and whenever they want. The key elements of the ecosystem include easyCredit consumer finance and the seamless cross-media payment process ‘ratenkauf by easyCredit’ for installment purchases. TeamBank has also introduced a fully digitalized and integrated contract process for the easyCredit product, meaning customers can sign up regardless of whether they are at home using a computer or on the go using a smartphone.

Since July 2019, customers have been able to use instant payments in conjunction with easyCredit-Finanzreserve, enabling them to transfer up to €15,000 to their own current account in seconds. The easyCredit-Finanzreserve facility can be accessed via an app, on the customer portal, by telephone, or through the customer’s personal advisor in a cooperative bank branch. This financial buffer is thus available immediately, including for spontaneous purchases.

Schwäbisch Hall

Schwäbisch Hall is the largest building society and one of the leading providers of home finance in Germany, boasting more than 7 million customers and over 8 million home savings and home finance contracts. It is a network partner to the cooperative banks and offers bespoke solutions for homes and house-building from a single source, focusing on home savings and home finance. The building society has around 3,300 field staff and more than 3,200 inhouse employees, who provide customers with expert advice and support. Schwäbisch Hall also operates outside Germany. Its investee companies in eastern Europe and China have more than 1.7 million customers between them.

In response to changing market requirements and customer needs, Schwäbisch Hall is also exploring new avenues. For example, it successfully launched the BAUFINEX home finance broker marketplace for the cooperative banks. The combination of digital services and regional market expertise provides added value for customers and strengthens the cooperative financial network’s activities as a product supplier.

Protecting the climate is a major issue for the future, and Schwäbisch Hall sees itself as part of the solution for establishing a sustainable economic and financing system. After all, combating climate change will not be possible in Germany without the support of the property sector. The company is therefore especially keen to ensure that its advisory services and its finance and pension products are helping to produce homes that are built and used sustainably.

Family-friendly policies, equal opportunities for employees, the proactive advancement of women, and a shared understanding of diversity are objectives that are firmly embedded in Schwäbisch Hall’s corporate culture. The company has been highly placed in the Top Employer Germany competition for many years.