Annual Report 2016

Wolfgang Kirsch, Chief Executive Officer

“This result reflects the good performance of our group’s customer business and, at the same time, the successful merger with WGZ BANK.”

Letter to shareholders

Credit ratings

AA-/Aa3

Year-on-year comparison

Credit ratings

AA-/Aa3

Current year

Number of employees

29,341

- 2.3%

Year-on-year comparison

Number of employees 2015

30,029

Current year

Total assets

509.447 € m

+ 24.8%

Year-on-year comparison

Total assets 2015

408,341 € m

Current year

Profit before taxes

2.197 € m

- 10.4%

Year-on-year comparison

Profit before taxes 2015

2,453 € m

Current year