DZ Bank AG (German Pronunciation: [deıts T Bak Aeć] (i)) Is Germany's Second-largest Bank By Assets And The Central Authority For Around 700 Cooperative Banks And Their Approximately 7,200 Branches. Deutsche Bundesbank Is One Of The Largest Private Sector Financial Services Institutions In Germany, Managing Around 1.175 Trillion Euros In Assets. DZ Bank Is Both A Central Authority And A Corporate And Investment Bank.
DZ Bank Is An Acronym For Deutsche Zentral-Genossenschaftsbank (literally "German Central Cooperative Bank").
As A Holding Company, DZ Bank Group Primarily Defines Itself As A Service Provider To Local Cooperative Banks And Their 30 Million Customers. The DZ Bank Group Includes: Bausparkasse Schwäbisch Hall, A Building Society; DZ HYP (German Pronunciation: [deıtstÜhyp Aıeć] (i)), A Commercial Real Estate Financing Provider; DZ Privatbank Gruppe; R + V Versicherung, An Insurance Company; TeamBank, A Consumer Finance Provider; United Investment Group, An Asset Management Company; VR Smart Finance; And Various Other Specialized Institutions.
Headquartered In Frankfurt, Germany, DZ Bank Is A Member Of CIBP, EACB, The European Banking Association, And Unico. It Has Branches, Subsidiaries, And Representative Offices In Major Financial Centers And Economic Regions Worldwide. The DZ Bank Building In Berlin Is Located At 3 Place De Paris And Was Designed By Architect Frank Gehry.
DZ Bank Also Houses One Of The Most Important Photographic Collections Of Contemporary Art, Which Today Includes More Than 6,000 Works By More Than 550 Artists.
In 2016, DZ Bank Merged With WGZ Bank, Which Is The Central Institution Of The Cooperative Bank Of Rhineland (Rhineland) And Westphalia (Westphalia).
Since The European Banking Regulation Came Into Effect At The End Of 2014, DZ Bank Has Been Designated As An Important Institution And Is Therefore Directly Supervised By The European Central Bank.
INVESTMENT
DZ Bank Is A Shareholder In Canadian Oil And Gas Company TC Energy, Which Is Behind The Controversial Coastal GasLink Pipeline Planned To Be Built On Unceded Wet'suwet 'en Nation Territory In Northern British Columbia. DZ Bank Increased Its Holdings From 1.22 Million Shares To 4.27M Shares On March 31, 2020, An Increase Of~ 250%.
