DekaBank Deutsche Girozentrale
| DekaBank Deutsche Girozentrale | |
|---|---|
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| Country |
 Germany
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| Seat | Berlin , Frankfurt am Main |
| legal form | Federal institution under public law |
| Bank code | 500 509 99 |
| BIC | DGZF DEFF XXX |
| founding | 1918 |
| Website | dekabank.de |
| Business data 2017 | |
| Total assets | EUR 109 billion |
| Employee | 4,716 |
| management | |
| Board of Directors | Helmut Schleweis (chairman) |
| Board | Georg Stocker ( Chairman ) Matthias Danne |
The DekaBank Girozentrale German is a German bank based in Berlin and Frankfurt . The operational headquarters are in Frankfurt, where the company is also entered in the commercial register. It is the securities house of the German Sparkassen-Finanzgruppe .
DekaBank emerged in 1999 from the merger of Deutsche Girozentrale Deutsche Kommunalbank and DekaBank GmbH. Among other things, it has subsidiaries in Luxembourg and currently employs around 4,700 people.
Business concept and business development
The bank is the securities house of the Sparkassen-Finanzgruppe . As a central service provider, it bundles competencies in asset management (AM) and banking in the five business areas of securities, real estate, services, capital markets and financing. Private and institutional investors can choose from a wide range of investment products. The sales partners for the securities are savings banks and Landesbanken in Germany. DekaBank is represented internationally with branches, subsidiaries and representative offices in eleven countries. The competent supervisory authorities are the European Central Bank and the Federal Financial Supervisory Authority .
Organizational structure and owner
The bank is an institution under public law . The shareholders are the regional savings bank associations through their membership in DSGV ö.K. and its stake in Dekakaufsgesellschaft mbH & Co. KG. The organs of the bank are the management board and the administrative board.
Ownership structure
The ownership structure is as follows:
| Savings Banks Associations | 50% over DSGV ö.K. | 50% through Deka
Kaufsgesellschaft mbH & Co.KG |
In total |
|---|---|---|---|
| Sparkassenverband Baden-Württemberg | 7.71% | 8.14% | 15.85% |
| Rhenish Savings Banks and Giro Association | 6.56% | 7.66% | 14.22% |
| Savings Bank Association of Lower Saxony | 6.46% | 2.04% | 8.50% |
| Savings Bank Association of Bavaria | 6.32% | 8.40% | 14.72% |
| Savings Banks Association Westphalia-Lippe | 6.18% | 3.69% | 9.87% |
| Savings Banks and Giro Association Hessen-Thuringia | 5.81% | 5.47% | 11.28% |
| Savings Bank Association Rhineland-Palatinate | 3.21% | 1.87% | 5.08% |
| Savings Bank Association Berlin / Landesbank Berlin | 1.90% | 1.57% | 3.47% |
| East German Savings Bank Association | 1.83% | 8.00% | 9.83% |
| Savings Banks and Giro Association for Schleswig-Holstein | 1.78% | 1.48% | 3.26% |
| Savings Bank Association Saar | 1.37% | 0.43% | 1.80% |
| Hanseatic Savings Banks and Giro Association | 0.91% | 1.27% | 2.18% |
Board
The DekaBank Management Board consists of the following five members:
- Chairman of the Board of Management: Georg Stocker (since January 1, 2020)
- deputy Chairman: Matthias Danne (since July 1, 2006)
- Martin K. Müller (since May 1, 2013)
- Daniel Kapffer (since May 1, 2019)
- Birgit Dietl-Petrol (since June 1, 2020)
Board of Directors
The DekaBank Board of Directors consists of the following members:
- Helmut Schleweis (since March 1, 2010, Chairman of the Board of Directors since January 1, 2018)
- Walter Strohmaier (since October 1, 2013, 1st Deputy Chairman of the Board of Directors since April 1, 2018)
- Thomas Mang (since January 1, 2005, 2nd Deputy Chairman of the Board of Directors since January 1, 2012)
Representatives elected by the general meeting:
- Michael Bräuer (since January 1, 2014)
- Michael Breuer (since January 1, 2008)
- Ingo Buchholz (since January 1, 2018)
- Liane Buchholz (since April 1, 2017)
- Michael Ermrich (since April 1, 2015)
- Ralf Fleischer (since June 1, 2018)
- Andreas Fohrmann (since July 15, 2017)
- Gerhard Grandke (since March 1, 2009)
- Christoph Krämer (since October 1, 2014)
- Beate Läsch-Weber (since April 7, 2011)
- Ludwig Momann (since March 17, 2016)
- Tanja Müller-Ziegler (since January 1, 2020)
- Ulrich Netzer (since May 1, 2014)
- Frank Saar (April 1, 2017)
- Peter Schneider (since August 1, 2006)
- Harald Vogelsang (since February 11, 2009)
- Burkhard Wittmacher (since October 1, 2017)
- Alexander Wüerst (since August 15, 2011)
Representative of the Federal Association of Local Central Associations (with an advisory vote):
- Helmut Dedy (since June 1, 2016)
- Hans-Günter Henneke (since January 1, 2002)
- Roland Schäfer (since January 1, 2003)
Employee representatives appointed by the staff council:
- Michael Dörr (since January 9, 2008)
- Erika Ringel (since January 1, 2014)
Subsidiaries and holdings
| Asset Management Securities business area | |
|---|---|
| Deka Investment GmbH, Frankfurt am Main | 100.0% |
| DekaBank Deutsche Girozentrale Luxembourg SA, Luxembourg | 100.0% |
| Deka International SA, Luxembourg | 100.0% |
| International Fund Management SA, Luxembourg | 100.0% |
| Deka Treuhand GmbH, Frankfurt am Main | 100.0% |
| Private institute for quantitative capital market research of DekaBank GmbH, Frankfurt am Main | 100.0% |
| Deka Vermögensmanagement GmbH, Frankfurt am Main | 100.0% |
| S-PensionsManagement GmbH, Cologne | 50.0% |
| Sparkassen Pensionsfonds AG, Cologne | 50.0% |
| Sparkassen Pensionskasse AG, Cologne | 50.0% |
| Deka Neuburger Institute for Business Mathematical Consulting GmbH, Frankfurt am Main | 50.0% |
| Dealis Fund Operations GmbH iL, Frankfurt am Main | 50% |
| Heubeck AG , Cologne | 30.0% |
| DPG Deutsche Performancemessungs-Gesellschaft für Wertpapierportfolios mbH, Frankfurt am Main | 22.2% |
| Erste Asset Management GmbH, Vienna | 1.65% |
| Asset Management Services business area | |
|---|---|
| bevestor GmbH, Frankfurt am Main | 100% |
| S Broker AG & Co. KG , Wiesbaden | 100% |
| S Broker Management AG, Wiesbaden | 100% |
| Asset Management Real Estate division | |
|---|---|
| Deka Immobilien Investment GmbH, Frankfurt am Main | 100.0% |
| Deka Immobilien GmbH, Frankfurt am Main | 100.0% |
| Deka Immobilien Luxembourg SA, Luxembourg | 100.0% |
| Deka Vermögensverwaltungs GmbH, Frankfurt am Main | 100.0% |
| Deka Verwaltungs GmbH, Frankfurt am Main | 100.0% |
| Deka Real Estate International GmbH (formerly: Deka Immobilien Beteiligungsgesellschaft mbH, Frankfurt am Main) | 100.0% |
| Deka Investors special investment stock corporation with variable capital and sub-fund assets, Frankfurt am Main | 100.0% |
| WestInvest Gesellschaft für Investmentfonds mbH, Düsseldorf | 99.7% |
| WIV GmbH & Co. Beteiligungs KG, Frankfurt am Main | 94.9% |
| Architrave GmbH, Berlin | 12.0% |
| Deka-S-PropertyFund No. 1 Beteiligungs GmbH & Co. KG, Frankfurt am Main | 11.6% |
| Financing business area | |
|---|---|
| Global Format GmbH & Co. KG, Munich | 18.8% |
| HELICON Verwaltungsgesellschaft mbH & Co. Immobilien KG, Pullach | 8.3% |
| RSU Rating Service Unit GmbH & Co. KG, Munich | 6.5% |
| SIZ GmbH, Bonn | 5.0% |
| True Sale International GmbH, Frankfurt am Main | 7.7% |
| Central division strategy & investments | |
|---|---|
| Deka Beteiligungs GmbH, Frankfurt am Main | 100.0% |
| Deka Treuhandkaufsgesellschaft mbH, Frankfurt am Main | 100.0% |
Financial and earnings metrics
| 06/30/2019 | December 31, 2018 | Change% | |
| Balance sheet total € million | 108,752 | 100,444 | 8.3 |
| Total assets | 297,667 | 275,878 | 7.9 |
| of which retail customers | 149.045 | 137.169 | 8.7 |
| of which institutional customers | 148,662 | 138,709 | 7.1 |
| Number of securities accounts in thousand | 4,688 | 4,654 | 0.7 |
| 1st half of 2019 | 1st half of 2018 | Change% | |
| Net sales | 6.703 | 10,570 | −36.6 |
| of which retail customers | 4,434 | 6,634 | −33.2 |
| of which institutional customers | 2,269 | 3,936 | −42.4 |
| 1st half of 2019 | 1st half of 2018 | Change% | |
| Total income € million | 771.4 | 737.8 | 4.6 |
| thereof interest result | 97.5 | 77.6 | 25.6 |
| thereof commission income | 591.4 | 563.9 | 4.9 |
| Total expenses | 548.3 | 515.1 | 6.4 |
| of which administrative expenses (including depreciation) | 545.6 | 515.1 | 5.9 |
| Economic result | 223.1 | 222.6 | 0.2 |
| Profit before tax | 259.7 | 238.3 | 9.0 |
history
History of the Deutsche Girozentrale
Ten years after Johann Christian Eberle had introduced the giro transactions with the savings banks and several regional banks associations were founded, was as the central institution of the German Girozentrale (DGZ) opened on 1 February 1918 as a legally dependent bank institution of the German Central Bank Association in Berlin. The capital of 15 million Reichsmarks was made available by the regional giro associations in solidarity for the central association. The DGZ took on a variety of tasks right from the start of business. It took care of cashless payment transactions (giro traffic) and made sure that money was settled between the regional giro centers. Her tasks also included granting short-term loans to the member associations of the German Central Giro Association (from 1924 Deutscher Sparkassen- und Giroverband ) and other German municipal associations , and accepting interest-bearing money from them, buying and selling bills of exchange and taking out loans. In 1919, the DGZ was recognized as an economically independent, public bank and received approval to operate long-term municipal business and issue municipal bonds. Therefore, in 1921 the company name was expanded to include "Deutsche Kommunalbank". With the reorganization of the municipal banking system, the DGZ became legally independent in 1931 and was given its own statute for the first time in 1932. The German Savings Banks and Giro Association remained the unrestricted holder of liability. The organs of the bank were the general assembly , the administrative board and the board of directors. At the same time, supervision of the DGZ passed from the Prussian Ministry of the Interior to the Reich government. The municipal credit ban of 1931 changed the business concept. The management of the liquidity reserves increased after 1931.
The National Socialists instrumentalized the public-law banking house after 1933 in order to be able to meet the steadily growing financial needs for armament and warfare. After the occupation of Berlin by the Allies , the bank located in the Soviet sector was shut down in 1945. In 1949 it was reactivated in Düsseldorf, albeit limited to short-term business. It was not until 1954 that Deutsche Girozentrale resumed full business operations, a year later it opened a branch in Berlin (West), and in 1965 the head office was relocated to Frankfurt am Main. The DGZ strengthened its syndicated business through its traditional tasks in the money, securities and lending business . Commitment to municipal loans and the housing finance sector was also intensified.
History of Deka Deutsche Kapitalanlagegesellschaft mbH
On August 17, 1956, Deka Deutsche Kapitalanlagegesellschaft mbH was founded with its headquarters in Düsseldorf . With her, the cornerstone for all current investment activities under the umbrella of the Deka Group was laid. The first investment fund - DekaFonds (WKN 847450) - was launched on November 26, 1956 with an investment volume of 8 million DM. In February 1962 the first international fund, the AriDeka (WKN 847451) with European stocks and fixed-income securities, was launched . In 1965 the company moved to Frankfurt am Main. The founding of the Deutsche Sparkassen-Immobilien-Anlage-Gesellschaft mbH (Despa) in 1966 reflects the growing interest in open -ended real estate funds; In 1967 it launched DespaFonds (WKN 980950), its first open-ended real estate fund, which was merged with the real estate fund Deka-ImmobilienEuropa (WKN 980956) in 2009 . In 1968, Deka Deutsche Kapitalanlagegesellschaft entered the bond fund business with the launch of the RenditDeka (WKN 847453) . In 1978, DekaSpezial (WKN 847466) was the first Deka equity fund to invest worldwide . In 1988 Deka International SA was founded as the first foreign subsidiary based in Luxembourg; In 1995, Deka (Swiss) Privatbank AG (founded as Deka Bank (Schweiz) AG), based in Zurich, followed . DekaBank GmbH was founded in 1996 as the Deka Group's management holding company. On January 1, 1999, it merged with Deutsche Girozentrale -Deutsche Kommunalbank- to form DGZ-DekaBank Deutsche Kommunalbank, which was renamed DekaBank Deutsche Girozentrale in 2002.
Social Commitment
As a member of the Sparkassen-Finanzgruppe, Deka participates in funding projects under the leadership of the German Savings Banks and Giro Association and supports its own projects with a regional connection to the company's headquarters in Frankfurt am Main.
The fight against cancer, a widespread disease in Germany , has been part of DekaBank's social commitment since 1996 . In annual nationwide charity golf competitions, the bank, as general sponsor, and the German Golf Association have so far provided the German Cancer Aid Foundation and the German Children's Cancer Aid Foundation with around 8.2 million euros in donations. In 2017 alone, the 36th nationwide “Europe's largest benefit golf tournament series” with around 7,500 active participants, including a special donation from the general sponsor, raised over 300,000 euros for the charitable aid organizations. CEO Gerd Nettekoven acknowledged that Germany's golfers were "among the reliable supporters of cancer aid in order to realize important projects in the interests of all citizens."
DekaBank is also a member of the following associations and interest groups:
- Federal Association of Investment and Asset Management (BVI) eV
- Federal Association of Public Banks in Germany (VÖB) eV
- CDP Carbon Disclosure Project
- CRIC Corporate Responsibility Interface Center eV
- DAI German Stock Institute eV
- German Savings Banks and Giro Association eV
- German Sustainability Code (DNK)
- EFAMA - European Fund and Asset Management Association
- Equator Principles
- European Association of Public Banks
- Forum for Sustainable Investments
- Institute of the German Economy
- Umweltforum Rhein-Main eV
- UN Global Compact
- UN-PRI (Principles for Responsible Investment)
- Association for environmental management and sustainability in financial institutions
- WDP Water Disclosure Project
- Central Real Estate Committee (ZIA)
literature
- DekaBank since 1918. Central liquidity. Capital investment company. Asset manager. Ed .: Institute for Bank History Research e. V., Stuttgart 2008 , ISBN 978-3093038150
- Deka Group, Annual Report 2015, ISSN 1866-6523
- Deka Group, Annual Report 2014, ISSN 1866-6523
Web links
- http://www.dekabank.de
- http://www.deka.de
- DekaBank Deutsche Girozentrale in the BaFin corporate database
- Early documents and newspaper articles on DekaBank Deutsche Girozentrale in the 20th century press kit of the ZBW - Leibniz Information Center for Economics .
Individual evidence
- ↑ a b § 1 Paragraph 2 Articles of Association of DekaBank Deutsche Girozentrale i. d. F. from April 1, 2017
- ↑ a b Master data of the credit institute at the Deutsche Bundesbank
- ↑ a b c Annual Report as of December 31, 2018
- ↑ Imprint . ( deka.de [accessed April 24, 2017]).
- ↑ Deka Group - About Us - Management , accessed on January 2, 2020
- ↑ Deka Group - About us - Management - Board of Directors , accessed on August 22, 2018
- ↑ Margarete Wagner-Braun: The German Girozentrale as an answer to financial problems of the early 20th century: Prehistory and first financial years 1918-1931. Pp. 13-85. In: DekaBank since 1918. Liquidity center. Capital investment company. Asset manager. P. 28
- ↑ Margarete Wagner-Braun: The German Girozentrale as an answer to financial problems of the early 20th century: Prehistory and first financial years 1918-1931. Pp. 13-85. In: DekaBank since 1918. Liquidity center. Capital investment company. Asset manager. P. 30
- ↑ Harald Wixforth: The long-term consequences of the banking crisis and the time of National Socialism 1931-1945. Pp. 87-172. In: DekaBank since 1918. Liquidity center. Capital investment company. Asset manager. P. 92
- ↑ Hans Pohl: Positioning in a new environment: the Deutsche Girozentrale - Deutsche Kommunalbank - 1945-1970. Pp. 175-229. In: DekaBank since 1918. Liquidity center. Capital investment company. Asset manager. P. 195
- ^ Thorsten Beckers: Foundation and first years of the German capital investment company from 1956-1970. Pp. 231-304. In: DekaBank since 1918. Liquidity center. Capital investment company. Asset manager. Pp. 291-293
- ^ Thorsten Beckers: Foundation and first years of the German capital investment company from 1956-1970. Pp. 231-304. In: DekaBank since 1918. Liquidity center. Capital investment company. Asset manager. Pp. 297-304
- ^ [1] Website of the German Cancer Aid, accessed on November 29, 2019
- ↑ Annual report as of December 31, 2014 , accessed on April 5, 2017
Coordinates: 50 ° 6 ′ 45.9 ″ N , 8 ° 39 ′ 59.6 ″ E