Annual Report 2016

Reviewing the merger

Overview of the milestones on the road to the merger from the signing of the Memorandum of Understanding to the launch of the joint central institution on August 1, 2016.



2015

“This is a happy day for the entire cooperative financial network.”

Wolfgang Kirsch,
Chief Executive Officer of DZ BANK

November 10

Memorandum of
Understanding signed

“You could call this a historic moment.”

Hans-Bernd Wolberg,
Chief Executive Officer of WGZ BANK

November 19

DZ BANK and WGZ BANK merger sealed

Merger of DZ BANK and WGZ BANK announced with a press conference and employee meetings at both banks

2016

March 1

DZ BANK Annual Press Conference
in Frankfurt

March 17

WGZ BANK Annual Press Conference
in Düsseldorf

April 12

Merger Agreement signed

April 27

Ordinary meeting of the
Supervisory Board of
DZ BANK in Frankfurt:
merger approved

May 4

Meeting of the
Supervisory Board of
WGZ BANK in Düsseldorf:
merger approved

June 21

WGZ BANK Annual General Meeting
in Düsseldorf

June 22

DZ BANK Annual General Meeting
in Frankfurt

70.0%

approval from shareholders at the annual general meetings

June 30

Application for entry in Commercial Register

July 29

Merger entered in Commercial Register

August 1

Day 1 of the new bank

September

Net profit of the joint central institution published for the first half of 2016

€1,000 million

profit before taxes