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Home > Company Index > Banking > Banking - Europe > DG BANK Deutsche Genossenschaftsbank AG

DG BANK Deutsche Genossenschaftsbank AG
 PROFILE
DG co-opts German banking. DG Bank Deutsche Genossenschaftsbank is Germany's central cooperative bank; it develops lending products for some 2,000 credit co-ops, which dominate German retail banking. Subsidiary Union Investment provides banking services to institutional investors and medium to large foreign and domestic businesses. Ditching its low profile, DG has begun offering IPO management for biotech, software, and IT companies. Plans to merge DG's international corporate and investment arms with that of the Netherlands-based Rabobank fell through. Instead DG is being assumed by smaller German cooperative peer, GZ Bank. German credit co-ops own about 50% of DG, and regional cooperative banks own more than 25%.

 COMPETITION
Bayerische Landesbank Girozentrale (dossier)
Commerzbank AG (CRZBY)
Deutsche Bank AG (DTBKY)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 11,446.60
1-Yr. Sales Growth: (10.0)%
Employees: 12,342
Revenue per employee: $927,450.98

 KEY PEOPLE
• Ulrich Brixner
    CEO
• Johann R. Flesch
    CFO

 CONTACT INFO
Am Platz der Republik
D-60325 Frankfurt, Germany
Phone: 49-69-74-47-23-82
Fax: 49-69-74-47-67-84
Online: Web Site

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