Company profile

Future of DZ Bank

#
Rank
210
| Quantumrun Global 1000

DZ Bank AG is the 3rd biggest bank in Germany by asset size and the principal institution for over 1,000 co-operative banks and their 12,000 branch offices., DZ Bank functions as corporate and investment bank and central institution within the Volksbanken Raiffeisenbanken Co-operative financial network, which is one of Germany's largest private sector financial service organizations.

Home Country:
Sector:
Industry:
Banks - Commercial and Savings
Website:
Founded:
2001
Global employee count:
31225
Domestic employee count:
28097
Number of domestic locations:
11

Financial Health

Revenue:
$14658000000 EUR
3y average revenue:
$14334333333 EUR
Operating expenses:
$5913000000 EUR
3y average expenses:
$5513000000 EUR
Funds in reserve:
$6542000000 EUR
Market country
Revenue from country
0.85

Asset Performance

  1. Product/Service/Dept. name
    DZ bank
    Product/Service revenue
    1192000000
  2. Product/Service/Dept. name
    BSH
    Product/Service revenue
    918000000
  3. Product/Service/Dept. name
    DG HYP
    Product/Service revenue
    308000000

Innovation assets and Pipeline

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.

*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.

*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.

COMPANY’S FUTURE PROSPECTS

Company Headlines