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First half of 2021: DZ BANK Group reports a profit before taxes of €1.83 billion
In the first half of 2021, the DZ BANK Group generated a profit before taxes of €1.83 billion (first half of 2020: €557 million). This very good result is attributable to a very satisfying business performance in virtually all entities and a risk situation that remained unremarkable. Another contributing factor was the uptrend in the capital markets.
DZ BANK Group: Results of 2021 EBA stress test
DZ BANK Group participated in the EU-wide stress test conducted by the European Banking Authority (EBA) in cooperation with the European Central Bank (ECB) and the European Systemic Risk Board (ESRB). The EBA announced the results of its 2021 stress test today and DZ BANK has achieved solid results.
Preliminary results for 2020: DZ BANK Group reports a profit before taxes of €1.46 billion
In 2020, the DZ BANK Group generated a profit before taxes of €1.46 billion (2019: €2.66 billion). The group, which is part of the cooperative financial network, has therefore coped well with the effects of the COVID-19 pandemic so far and met its earnings target of approximately €1.5 billion, which had been set before the pandemic.
Ordinary termination and redemption of outstanding Tier 1 issuances
Thanks to its strong capital and liquidity position, DZ BANK AG announces today that it will terminate and redeem all outstanding Tier 1 instruments that have been issued by DZ BANK via special purpose vehicles. The termination and redemption refers to a total volume of issuances of € 1,410.3 million.
First half of 2020: DZ BANK Group reports a profit before taxes of €557 million
In the first half of 2020, the DZ BANK Group generated a profit before taxes of €557 million (H1 2019: €1.46 billion) and has thus far coped well with the impact of the COVID-19 pandemic.
Preliminary results for 2019: DZ BANK Group reports a profit before taxes of €2.7 billion
In 2019, the DZ BANK Group generated a profit before taxes of €2.7 billion (2018: €1.4 billion). This figure is attributable to the healthy operating performance of all group entities. Customer business increased in many areas. Although loss allowances went up, following high reversals in the previous year, they were still below normal levels.
H1 2019: DZ BANK Group reports a profit before taxes of €1.46 billion
In the first half of 2019, the DZ BANK Group generated a profit before taxes of €1.46 billion (H1 2018: €1.03 billion). This significant improvement on the prior-year period was attributable to the strong operating performance across all entities coupled with an inconspicuous risk situation. One-off items were also a contributing factor, including reporting-date-related valuation effects at R+V Versicherung and DZ HYP as a result of the situation in the capital markets. The disposal of foreign companies of Bausparkasse Schwäbisch Hall and Union Investment also had a positive impact, as did sales transactions at DVB Bank.
Preliminary results for 2018: DZ BANK Group reports a profit before taxes of €1.4 billion
In 2018, the DZ BANK Group generated a profit before taxes of €1.37 billion (2017: €1.81 billion). This was the result of its good operating performance. The DZ BANK Group increased the volume of business and gained market share in most areas. At the same time, the results reflect negative measurement effects caused by conditions in the capital markets. Other adverse one-off factors also had an impact.
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