WGZ Bank

The WGZ Bank (officially WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank) is the umbrella organization of some 230 cooperative financial institutions in the Rhineland and in Westphalia. It is based in Düsseldorf. Through its subsidiaries, 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]

References

  1. ^ "WGZ BANK AG Westdeutsche Genossenschafts-Zentralbank: Private Company Information - BusinessWeek". investing.businessweek.com. 2011 [last update]. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=875247. Retrieved 17 March 2011. 
  2. ^ "WGZ BANK AG | Company profile from Hoover's". hoovers.com. 2011 [last update]. http://www.hoovers.com/company/WGZ_BANK_AG/rjrcsci-1.html. Retrieved 17 March 2011. 
  3. ^ "WealthBriefing - German Banks To Merge Private Banking Businesses, Plan Regional Expansion". wealthbriefing.com. 2011 [last update]. http://www.wealthbriefing.com/html/article.php?title=German_Banks_To_Merge_Private_Banking_Businesses,_Plan_Regional_Expansion&id=32376. Retrieved 14 July 2011.