WGZ Bank

The WGZ Bank (officially WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank) was the umbrella organization of some 230 cooperative financial institutions in the Rhineland and in Westphalia.

Based in Düsseldorf, the company offers long-term real estate loans, services for the international currency financing business with member banks, and investment analysis and asset management services for private clients, as well as custodian for a number of funds in Luxembourg.[1] As a wholesale bank, it acts as a trading partner in currency, foreign exchange, and capital markets, as well as in bond issuing and syndications.[2]

From 2011 WGZ Bank and DZ Bank merged their private banking businesses based in Luxembourg to further strengthen their operations in Germany.[3]

In 2016, WGZ Bank was merged into DZ Bank, the central institute of co-operative banks in all other parts of Germany.[4]

References
  1. "WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank: Private Company Information". BusinessWeek. 2011. Retrieved 17 March 2011.
  2. "WGZ BANK AG – Company profile". Wealth Briefing. Hoover's. 2011. Retrieved 17 March 2011.
  3. "German Banks To Merge Private Banking Businesses, Plan Regional Expansion". Wealth Briefing. 2011. Retrieved 14 July 2011.
  4. "DZ BANK's AGM: shareholders vote in favour of merger with WGZ BANK" (Press release). DZ Bank. 22 June 2016. Retrieved 1 August 2016.

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