DAB BNP Paribas

from Wikipedia, the free encyclopedia
  DAB BNP Paribas
Headquarters in Munich, Landsberger Strasse 300
Location in Munich, Landsberger Strasse 300
Country GermanyGermany Germany
Seat Nuremberg
legal form Brand of the BNP Paribas SA branch in Germany
Bank code 701 204 00
BIC DABB DEMM XXX
founding January 18, 1994
Website b2b.dab-bank.de
Business data 2014
Total assets 5526.8 million euros
insoles 5,149.6 million euros
Customer credit 323.2 million euros
Employee 606
management
Corporate management

Sven Deglow (CEO)

DAB BNP Paribas (formerly DAB for Direkt Anlage Bank ) is a brand of the German branch of the major French bank BNP Paribas for independent asset managers, fund brokers, investment advisors and institutional customers, based in Nuremberg and with a location in Munich .

DAB bank

On January 18, 1994, Direkt Anlage- und Vermögensverwaltungs-GmbH was founded as the first discount broker in Germany as a subsidiary of Bayerische Hypotheken- und Wechsel-Bank and started business in May 1994 as Direkt Anlage Bank GmbH (DAB). In 1999 the company went public. BNP Paribas gradually acquired the majority and in 2015 was able to take over DAB Bank completely by squeeze-out the remaining small shareholders. The private customer business was on 12./13. November 2016 transferred to the group subsidiary Consorsbank . After that, DAB Bank was renamed DAB BNP Paribas as an expression of the focus on independent asset managers, fund brokers, investment advisors and institutional clients.

Business model

DAB was one of the first institutes to operate on the market without its own branch system . DAB competes with the Comdirect Bank and other competitors in Germany, for example ING-DiBa , Consorsbank , S Broker and 1822direkt . In addition to private customers, DAB has also looked after financial intermediaries such as asset managers , fund brokers and investment advisors as well as banks and savings banks since it was founded . It offers institutional customers a central depository for securities of all asset classes. The fully integrated securities trading platform enables all types of securities to be traded at home and abroad in all common currencies via a custody account . With over 9,000 funds from more than 200 KAGs, DAB is one of the most important fund platforms for institutional investors in Europe.

DAB was a direct bank that offered private individuals free custody accounts. All common securities could be traded and stored through the bank . In addition, since February 2013 it has been promoting a new banking offer with a free current account in the center. In contrast to its competitors, DAB did not use transaction numbers for a long time and instead worked with a so-called trader password. A system with a transaction number in the form of the SMS-TAN procedure has been offered since the beginning of 2010 . After "the share boom around the turn of the millennium and the significantly lower order numbers, they missed the change from a pure online broker to a digital full-service bank." of the operational business of DAB Bank to the BNP Paribas branch in Germany.

In contrast, the infrastructure bank business for institutional customers remained with DAB BNP Paribas. These included u. a. Volkswagen Bank , Raisin Bank (Weltsparen) and Robo-Advisor Ginmon. It is also the market leader among asset managers, fund brokers and investment advisors. In December 2019, the discount broker Smartbroker also started with DAB as a custodian bank and in May 2020 also took over the brokerage portfolio of VW Bank.

Stock exchange

In 1999 DAB Bank was placed on the stock exchange . The company was listed in the Prime Standard - the delisting took place in 2010. As part of the takeover by BNP Paribas, the remaining minority shareholders were compensated and excluded by means of a squeeze-out process. The listing ended on July 27, 2015.

Affiliation

The institute was founded as a subsidiary of Bayerische Hypotheken- und Wechsel-Bank , which merged with Bayerische Vereinsbank in 1998 to form Bayerische Hypo- und Vereinsbank . This was taken over in 2005 by the Unicredit Bank . As of February 28, 2013, Unicredit Bank held 81.39% of the shares in DAB Bank, 18.61% were in free float .

At the beginning of August 2014, the major French bank BNP Paribas, which also owns Consorsbank , took over an 81.4% stake for EUR 354 million. the merger with BNP Paribas took place at the beginning of 2016.

statistics

According to the number of customers and customer assets, DAB was one of the leading direct banks in Germany in the securities business. As of December 31, 2012, the DAB Bank Group had 597,128 customers, for whom it managed 615,288 custody accounts with a total of EUR 28.38 billion in customer assets. In 2012 it carried out 4.2 million customer transactions.

Logo of the former DAB Bank

history

  • 1994: Establishment of the Direkt Anlage Bank (DAB) as the first direct broker in Germany.
  • 1996: Introduction of online banking .
  • 1997: Direkt Anlage Bank becomes a stock corporation .
  • 1998: With DAB seconds trading, DAB becomes the first discount broker with an over-the-counter trading platform.
  • 1999: DAB is listed on the stock exchange in the Neuer Markt segment , and from March 20, 2000 to March 24, 2003 it is included in its NEMAX 50 selection index.
  • 2000: Deletion of the custody and account management fee.
  • 2001: Renaming to DAB Bank as part of the takeover of the direct broker Selftrade .
  • 2002: Selftrade is sold together with DAB Bank (Switzerland). Acquisition of the Austrian direktanlage.at from Bank Austria .
  • 2004: Acquisition of the Fondsservicebank GmbH
  • 2009: Sale of the Fondsservicebank to the Fondsdepot Bank
  • 2015: Squeeze-out of the remaining small shareholders, DAB Bank now belongs exclusively to BNP Paribas
  • 2015: DAB leaves the Cash Group banking association on February 1st .
  • 2016: The operational business is transferred to the BNP Paribas SA branch in Germany. The business of DAB Bank will continue under the Consorsbank brand, which is also part of the BNP Paribas Group . This means that the “DAB Bank” brand will disappear from the market.

Web links

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ Group Annual Report 2014 (PDF; 1.3 MB)
  3. ↑ https://www.boerse-online.de/nachrichten/aktien/consorsbank-aus-fuer-doppelspitze-1028331514
  4. ↑ Imprint DAB BNP Paribas on b2b.dab-bank.de, accessed on May 14, 2020
  5. ↑ Karsten Seibel: Cortal Consors and DAB Bank are working together. In: The world . November 1, 2014, accessed January 2, 2016 .
  6. ↑ DAB Bank and Consorsbank: Merger from September 2016 , broker-test.de, August 31, 2016
  7. ↑ Volkswagen Bank GmbH: Buy shares with the securities account
  8. ↑ https://b2b.dab-bank.de/Partner-haben/Vermoegensverwalter-Fondsvermittler/
  9. ↑ https://www.etf-nachrichten.de/smartbroker-was-taugt-der-neue-online-broker/
  10. ↑ https://www.dgap.de/dgap/News/adhoc/wallstreetonline-kooperationsvereinigung-mit-der-wallstreetonline-capital-ueber-finanzierung-des-erwerbs-eines-depotkundenhabenes-der-volkswagen-bank-gmbh/? newsID = 1333615
  11. ↑ a b DAB Bank AG: Exclusion of minority shareholders and merger of DAB Bank AG into BNP Paribas Beteiligungsholding AG effective. German Society for Ad Hoc Publicity , July 27, 2015, accessed on August 15, 2015 .
  12. ↑ Bafin: Significant shares of voting rights in domestic companies ( memento of July 24, 2012 in the web archive archive.today )
  13. ↑ BNP Paribas swallows DAB Bank. (No longer available online.) In: ARD Börse. July 31, 2014, archived from the original on January 1, 2016 ; accessed on January 2, 2016 .
  14. ↑ DAB Bank merges with BNP Paribas SA. Accessed January 2, 2016 .
  15. ↑ DAB Bank increases earnings before taxes to EUR 28.03 million in the 2012 financial year. February 21, 2013, archived from the original on April 12, 2013 ; accessed on January 2, 2016 (press release).
  16. ↑ NEMAX 50 - Brief information (PDF; 43 kB) Deutsche Börse Group. Archived from the original on December 20, 2013. Retrieved September 12, 2012.
  17. ↑ DAB takes over FSB FondsServiceBank. November 18, 2004, accessed January 2, 2016 .
  18. ↑ BNP Paribas Beteiligungsholding AG sets cash compensation for squeeze-out under merger law. March 27, 2015, accessed January 2, 2016 .

Coordinates: 48 ° 8 '37.2 "  N , 11 ° 30' 8.8"  E