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Home > Company Index > Banking > Banking - Europe > Dresdner Bank AG

Dresdner Bank AG
OTC: DRSDY
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 NEWS FROM THE STANDARD
L&H Gets Bankruptcy Protection, Will Lay Off 1,200
Jan 05 2001 08:41 AM PST

 PROFILE
Dresdner Bank knows third-ranked doesn't mean second rate. As Germany's largest bank after Deutsche Bank and Bayerische Hypotheken und Vereinsbank (HypoVereinsbank), Dresdner has some 1,200 branches in about 70 countries. The bank, which is owned by German insurance titan Allianz, offers corporate finance, equity sales, and asset management, in addition to its core lending and deposit activities. Dresdner revamped its investment banking business with the purchase and integration of US-based Wasserstein Perella Group (now Dresdner Kleinwort Wasserstein). Dresdner and Allianz are integrating some operations. Allianz owns more than 95% of Dresdner.

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

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 24,225.50
1-Yr. Sales Growth: 10.6%
Employees: 47,970
Revenue per employee: $505,013.55

 KEY PEOPLE
• Bernd Fahrholz
    CEO
• Bernd W. Voss
    CFO

 CONTACT INFO
Jürgen-Ponto-Platz 1
60301 Frankfurt, Germany
Phone: 49-692-630
Fax: 49-692-63-4831
Online: Web Site

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