At its meeting today, the Supervisory Board of DZ BANK AG appointed Souad Benkredda to succeed Wolfgang Köhler, the member of the Board of Managing Directors responsible for Capital Markets business and Group Treasury. Wolfgang Köhler (62) will be entering the next phase of his life on 31 December 2022, after more than 40 years with the Cooperative Financial Network, including as a member of the Board of Managing Directors of DZ BANK since 2007. Souad Benkredda will join the Bank on 1 September 2022.
DZ BANK Group reports a profit before taxes of €3.1 billion • Customer business expanded and market position strengthened • Results supported by developments in the capital markets • Low level of loss allowances required thanks to stable economic conditions • Capital adequacy remains at a healthy level, with a common equity Tier 1 capital ratio of 15.3 percent • Scaling back of DVB Bank almost completed
The DZ BANK Group forms part of the German cooperative financial network, which includes around 770 Volksbanken Raiffeisenbanken and is one of Germany’s largest private-sector financial services organizations measured in terms of total assets.
DZ BANK is being rated by Standard & Poor's, Moody's and Fitch.
Find our financial, risk, and regulatory reports of DZ BANK Group and DZ BANK AG.
Find information on capital instruments of the DZ BANK Group as well as prospectuses and final terms of our issuances here.
Responsible management is a value that is deeply rooted in our cooperative corporate identity. It guides our actions in the various areas of sustainable banking - from strategy and risk management to communication.
DZ BANK supports the shift towards a sustainable economy and a responsible use of limited resources with its sustainable financing products. It has been active in the market segment for Sustainable Bonds since 2013 and is one of the leading European syndicate banks in this segment. By issuing its own green bonds, DZ BANK underlines the great importance it attaches to sustainability topics.
If you have any further questions, please contact the DZ BANK IR Team.
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