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 around 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 Group Coordination Committee is the highest-level management and coordination committee in the DZ BANK Group. The objectives of this committee are to boost the competitiveness of the DZ BANK Group and to manage the coordination of fundamental product and sales issues. The committee ensures coordination between the key entities in the DZ BANK Group to achieve consistent management of opportunities and risks, allocate capital, deal with strategic issues, and leverage synergies. The members of the Group coordination committee comprise the Board of Managing Directors of DZ BANK, the General Executive Manager of DZ BANK, and the chief executive officers of Bausparkasse Schwäbisch Hall, DZ HYP, DZ PRIVATBANK, R+V Versicherung, TeamBank, Union Investment, and VR Smart Finanz.
Services offered by the DZ BANK Group for the cooperative banks and their customers
Network focus and principle of subsidiarity
Strengthening the market position of the cooperative banks is a key factor for the success of the cooperative financial network. The DZ BANK Group supports the pursuit of this objective within the framework of its network-focused corporate strategy based on the principles of subsidiarity, decentralization, and regional market responsibility. It is guided by its overarching mission as a network-oriented central institution and financial services group, within which its activities are shaped by a three-pronged strategy with a systematic focus on growth in accordance with the needs of the cooperative financial network, continuation of the network focus, and integration within the network and with the cooperative banks.
Strong brands – strong partners
Selected brands of the
DZ BANK Group
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