The first International Summit of Cooperatives was so successful that a second edition was confirmed from 6 to 9 October 2014.Read More
|Germany - WGZ|
WGZ BANK - THE CENTRAL INSTITUTION
WGZ BANK is the central institution of about 250 Volksbanken and Raiffeisenbanken in Rhineland and Westphalia, with its head office in Düsseldorf, Germany´s second largest financial centre. Located in the heart of Europe, in one of Germany's and Europe's economically most important regions, it supports and complements the services of these banks in both national and international business.
With consolidated total assets of € 61.3 billion, WGZ BANK is one of Germany's largest banking institutions. The co-operative banks linked up with WGZ BANK maintain about 2,500 outlets and have approximately 2.6 million members. The combined balance sheet total of these banks amounts to about € 135 billion. WGZ BANK sees its main corporate objective in the promotion and strengthening of the competitiveness of these local co-operative banks.
WGZ BANK - THE COMMERCIAL AND WHOLESALE BANK
Apart from having its traditional function as a central institution, WGZ BANK is a commercial bank offering a wide range of customized and highly sophisticated services and products to corporates, and capital market clients. As wholesale bank WGZ BANK plays an active role as trading partner in the international money, forex, derivatives and capital markets as well as in bond issues and syndications.
Additionally, we offer to our customers a complete range of financial products through subsidiaries and specialised companies belonging to the GENO Group Germany and in which WGZ BANK holds important shareholding positions.
WGZ BANK - A STRONG PARTNER IN INTERNATIONAL BUSINESS
WGZ BANK provides its local co-operative banks with a link to the international markets. It co-operates with more than 3,000 correspondent banks on all continents and thus ensures a speedy and smooth handling of international transactions. Additionally, WGZ BANK plays an active role in the international syndicated loan market.
With subsidiaries, participations and the network of the GENO Group Germany in many international places, WGZ BANK has access to all important financial centres in the world.
In addition, co-operation agreements exist with a number of renowned international banks.
D-40227 Düsseldorf, Germany
Tel.: +49 211 778-00
Fax: +49 211 778-1277