DZ BANK

Corporate presentation
At a glance (1/2)

Cooperative banks 841

Branches 9,344
Customers (mln) 30
Headquarter Frankfurt am
thereof `shareholders´ (mln) 18.5 Main
Employees* 176,500 Employees 30,825
Profit before taxes (€ mln)* 7,771 Profit before taxes (€ mln) 2,712
Consolidated total assets (€ bn)* 1,293 Consolidated total assets (€ bn) 559
(As of 31.12.2019, * as of 31.12.2018) (As of 31.12.2019)

Seite 2 2020 DZ BANK - Corporate presentation

At a glance (2/2) – DZ BANK Group

Common equity Tier 1 capital ratio

Profitable Banking Group with profit before taxes
(fully loaded) 14.5% 13.7% 13.7% 14.4%
as of 31.12.2019
€ 2.7 bn

Second-largest German Banking Group with

consolidated total assets of

€ 559 bn
2016 2017 2018 31.12.2019

One of the best ratings in the EU banking market Leverage Ratio

(Issuer Credit Rating) (fully loaded)
4.1% 4.4% 4.3% 4.9%
S&P Fitch Ratings Moody‘s

AA- AA- Aa1

2016 2017 2018 31.12.2019

Seite 3 2020 DZ BANK - Corporate presentation

Agenda

1. Volksbanken Raiffeisenbanken cooperative financial network

2. DZ BANK Group

3. DZ BANK Group‘s business performance

4. Business segments

5. Contact persons

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1. Volksbanken
Raiffeisenbanken
cooperative financial
network
The three pillars of the German banking sector

Regional focus

Domestic market
<< 10% (each) 25% 36%
share1
Banking sector Private banking sector and Cooperative Banking sector Public banking sector
foreign banks  Cooperative central institution  5 Landesbank groups
 Specialized cooperative companies  DekaBank
 875 Cooperative banks  385 Savings banks

1 Market share according to deposits of private households

Page 6 2020 DZ BANK - Corporate presentation

Subsidiarity is key for the cooperative financial network
– at its core are the local cooperative banks
Client Business Associations and Service Providers

Umbrella association for the cooperative banking sector

 Lobbying
 Strategic coordination
 Regional market approach
 Advisory, support and information
 Customer relationship
 Protection scheme

Regional- and other associations

Auditing and consulting associations
 Auditing
 Consulting and support
 Lobbying
 Education

Service companies
 Central institution Various cooperative service and technology companies
 Specialized service providers  Banking Software
 Joint market approach  IT-facilities and -support
 Advertising programmes
 …

Seite 7 2020 DZ BANK - Corporate presentation

Cooperative protection scheme of BVR
The ’Dual System’ of institution protection

BVR-ISG BVR-SE
BVR-Institutssicherung GmbH as BVR-Sicherungseinrichtung as institution
direct deposit protection protection and indirect deposit protection

Fulfilment of the legal requirements (EU guideline

’DGSD’1 and German law on deposit insurance) by
Additional voluntary protection system since 1934
founding of BVR-ISG in 2015

BVR-ISG is an officially recognised deposit BVR-SE is the oldest, privately financed bank
protection system as Institutional Protection Scheme protection scheme worldwide

Institution protection: Measures for the avoidance

Safeguarding of depositor compensation by of threatening or impending economic difficulties
protection of customer deposits of up to € 100,000 faced by member institutions (preventive avoidance
per person per institution of bankruptcy)

Deposit protection (BVR-SE and BVR-ISG)

Comprehensive protection for customer deposits held by non-banks, including bearer bonds and certificates
issued by the cooperative banks (indirectly via BVR-SE). Direct deposit protection via BVR-ISG up to EUR
100,000 per person per institute.

1 Deposit Guarantee Schemes Directive

Seite 8 2020 DZ BANK - Corporate presentation

Cooperative protection scheme of BVR
Key figures and function

Responsible body is the national association

(Bundesverband der Deutschen Volksbanken
und Raiffeisenbanken e.V. – BVR)

Monitoring by Federal Financial Supervisory

Authority (BaFin)

Comprehensive institution protection for all members,

no bankruptcy among members since 1934

Members: 851 Cooperative banks,

DZ BANK AG, DZ HYP, DZ PRIVATBANK,
Schwäbisch Hall, TeamBank, DVB Bank,
Münchener Hypothekenbank

Seite 9 2020 DZ BANK - Corporate presentation

Consolidated financial statement of the cooperative
financial network

2018 2017
Consolidated total assets Profit before taxes (€ mln) 7,771 8,916
3% Cost/income ratio (%) 69.5 65.3
Loans and advances to customers 795 762
35 % (€ bn)
Deposits from customers (€ bn) 842 801
62 % Consolidated total assets (€ bn) 1,293 1,243
Consolidated equity (€ bn) 107.7 104.4
Common equity Tier 1 capital ratio (%)1 15.5 15.4
Cooperative banks
Leverage ratio (%, fully loaded) 7.8 7.7
DZ BANK Group
Employees 176,500 177,248
Münchener Hypothekenbank (As of 31.12.2018)

1 incl. § 340f HGB-Reserven

Seite 10 2020 DZ BANK - Corporate presentation

Interaction within the german cooperative financial
network

30 million customers,
thereof 18.5 million `shareholders´

Shareholders Customer relationship

841 cooperative banks

Cooperative financial network

about 9,300 branches

(Volksbanken, Raiffeisenbanken, Sparda-
Banks, PSD Banks, Church banks, apoBank,
other special coop. banks)

Products and
Shareholders
services

Business segments

Retail Banking Corporate Banking

Transaction
Capital Markets
Banking

Seite 11 2020 DZ BANK - Corporate presentation

2. DZ BANK Group
Our vision determines the strategic framework of the
DZ BANK Group

The most important requirement for the success

Vision of the cooperative financial network is the
strengthening of the cooperative banks in
their market (mandate for sponsorship).
The DZ BANK Group will align itself
toward the cooperative banks such The high network orientation of the central
that the … institution is reflected by the fact that the
emphasis is on the interests of the
cooperative financial network which is in
close proximity to local market conditions
and takes into account the respective features
of the different market sections.
… will further develop The basis of the cooperation between
its position as the leading financial cooperative banks on the one hand and the
services provider in Germany. central institution and specialized service
providers of the cooperative financial network on
the other hand is subject to the principles of
subsidiarity, decentralization and regional
market responsibility.

Seite 13 2020 DZ BANK - Corporate presentation

DZ BANK Group: strong brands – strong partners

DZ BANK AG acts as the holding

company for the DZ BANK Group
Central institution / Corporate Holding companies
bank companies Companies associated with the Central
institution / Corporate bank are
 DZ BANK AG
 DZ HYP
 DZ PRIVATBANK
 VR Smart Finanz

Companies associated with the holding

Employees 30,825 are
 Bausparkasse Schwäbisch Hall
Profit before taxes (€ mln) 2,712
 R+V Versicherung
Consolidated total assets (€ bn) 559  TeamBank
(As of: 31.12.2019)  Union Investment
 various other specialized
institutions, e.g. ReiseBank

Seite 14 2020 DZ BANK - Corporate presentation

DZ BANK Group: shareholding structure

Shareholding structure Subsidiaries of DZ BANK AG:

of DZ BANK AG ownership stakes

5.3 % 96 %

91 %

94.7 % 100 %

92 %

(€ mln) 97 %
Cooperative banks (direct and indirect) 4,663

Other cooperative and other enterprises 263

92 %

Total subscribed capital 4,926 97 %

Stand: 31.12.2019

Seite 15 2020 DZ BANK - Corporate presentation

DZ BANK Group companies:
DZ BANK AG – Cooperative central institution

DZ BANK serves as central institution of

the Volksbanken Raiffeisenbanken
cooperative financial network and
commercial bank. It is the central
institution for all 875 cooperative banks in
Germany, which hold the majority of its
shares.

Under the tagline ‘DZ BANK. Die

Initiativbank’, it supports the business of
Headquarter Frankfurt am Main the independent cooperative banks in
Employees 5,288 their regions with the aim of strengthening
Profit before taxes1 (€ mln) 293 their competitiveness. The combination of
local customer knowledge and central
Consolidated total assets (€ bn) 300
product expertise has proved to be
(As of: 31.12.2019) highly effective.

Additionally DZ BANK AG acts as the

holding company for the DZ BANK
Group.

1 Profit before taxes of DZ BANK – central institution and corporate bank

Seite 16 2020 DZ BANK - Corporate presentation

DZ BANK Group companies:
DZ HYP – Real estate and Pfandbriefbank

DZ HYP is one of the leading real estate

banks and one of the biggest Pfandbrief
issuers in Germany.

It acts as specialist, competence center and

driving force of real estate and public
sector financing for the Volksbanken
Raiffeisenbanken cooperative financial
network and supports the cooperative banks
in their local markets.
Headquarter Hamburg und
Münster
With its customer focused and individualized
Employees 870 distribution approach the bank acts in its
Profit before taxes (€ mln) 687 business segments business customers,
mortgage customers, public sector and retail
Consolidated total assets (€ bn) 92.3
customers.
(As of: 31.12.2019)

Seite 17 2020 DZ BANK - Corporate presentation

DZ BANK Group companies:
DZ PRIVATBANK – Center for private banking

DZ PRIVATBANK is the cooperative

centre of excellence for private
banking for Volksbanken Raiffeisen-
banken in Germany and acts as a
provider of specialized services in its
business segments private banking,
investment funds and financing.

Headquarter Luxemburg The bank offers a wide range of

services, from traditional asset
Employees 1,163
management via asset structuring and
Profit before taxes (€ mln) 36 succession planning to foundation
Consolidated total assets (€ bn) 19.5 advice and individual solutions in
(As of: 31.12.2019)
generation management.

Seite 18 2020 DZ BANK - Corporate presentation

DZ BANK Group companies:
VR Smart Finanz – Digital loan provider for SME customers

VR Smart Finanz is a subsidiary partner for

simple SME solutions within the cooperative
financial network. It acts as the expert for
simple, fast and tailor-made financing
solutions for regional SME customers and
self-employed and small businesses
customers of the cooperative banks.

Its range of services includes leasing, hire

purchase and loans up to € 750,000.
Headquarter Eschborn
Corporate customers can conclude business
Employees 722 loans online by using the websites of the
Profit before taxes (€ mln) -10 Volksbanken Raiffeisenbanken. Additionally
VR Smart Finanz offers digital services
Consolidated total assets (€ bn) 4.3 surrounding financing requirements of
(As of: 31.12.2019) corporate customers.

Seite 19 2020 DZ BANK - Corporate presentation

DZ BANK Group companies:
R+V – Cooperative insurance company

R+V Versicherung is one of the

leading insurance companies in
Germany and has been on a growth
trajectory for many years now. It is the
second-largest insurer in both the life
and non-life sectors.

Headquarter Wiesbaden
Based in Wiesbaden, R+V enjoys the
trust of more than 8 million
Employees 13,839 customers, who have insured over
Profit before taxes (€ mln) 1,117 25 million risks.
Consolidated total assets (€ bn) 122
(As of: 31.12.2019)

Seite 20 2020 DZ BANK - Corporate presentation

DZ BANK Group companies:
Schwäbisch Hall – Cooperative building society

Schwäbisch Hall is Germany’s largest

building society, with 7.3 million customers.
It is also one of the leading home finance
providers.

Ever since it was established in 1931,

Schwäbisch Hall has been firmly anchored in
the cooperative financial network.

The building society’s around 3,400 field

Headquarter Schwäbisch Hall agents1 and more than 3,200 inhouse
Employees 3,258 employees provide customers with expert
Profit before taxes (€ mln) 189 advice and support.
Consolidated total assets (€ bn) 77.5
Schwäbisch Hall is also active in foreign
(As of: 31.12.2019) markets (Eastern Europe and China) with
more than 3 million customers.

1 Independent sales agents; not included in table above.

Seite 21 2020 DZ BANK - Corporate presentation

DZ BANK Group companies:
TeamBank – Consumer finance provider

TeamBank AG with its easyCredit

product family is the liquidity management
specialist in the Volksbanken
Raiffeisenbanken cooperative financial
network.

It provides integrated, innovative products

and services that give customers easy
access to liquidity wherever they are and
Headquarter Nürnberg whenever they want.
Employees 1,096
Profit before taxes (€ mln) 152 The key elements of the ecosystem are
the customer-friendly finance service
Consolidated total assets (€ bn) 9.5
‘easyCredit-Finanzreserve’, the
(As of: 31.12.2019) seamless cross-mediapayment process
‘ratenkauf by easyCredit’, and an online
credit agreement service.

Seite 22 2020 DZ BANK - Corporate presentation

DZ BANK Group companies:
Union Investment – Asset manager

The Union Investment Group is the fund

management specialist within the
cooperative financial network and has
been developing investment solutions for
retail and institutional investors for more
than 60 years.

Over 3,100 employees manage assets

Headquarter Frankfurt am Main
amounting to some € 350 billion. In total,
Employees 3,171 more than 4.5 million customers entrust
Profit before taxes (€ mln) 648 Union Investment with their money.
Consolidated total assets (€ bn) 3.0
(As of: 31.12.2019)

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DZ BANK AG´s Board of Managing Directors

Uwe Fröhlich Dr. Cornelius Riese

Co-Chief Executive Officer Co-Chief Executive Officer

 Strategy & Group Development  Strategy & Group Development

 Cooperative Banks/Verbund  Legal
 Communication, Marketing  Group Audit
 Structured Finance
 Research and Economics

Uwe Berghaus Dr. Christian Brauckmann Ulrike Brouzi

 Corporate Banking  Services & Organisation  Group Finance

 Investment Promotion  IT  Bank Finance
 Group IT-Governance  Group Financial Services
 IT Group Coordination  Compliance

Wolfgang Köhler Michael Speth Thomas Ullrich

 Capital Markets Trading /  Group Risk Controlling  Transaction Management

Retail Clients /  Credit  Operations
Institutional Clients  Credit Services  Payments & Accounts
 Group Treasury  Group Human Resources

Seite 24 2020 DZ BANK - Corporate presentation

DZ BANK rating overview

Bank ratings
Issuer Credit Rating AA-1 Aa1 AA-1
Outlook negative negative negative
Short-Term Rating A-1+1 P-1 F1+1
Long Term Counterparty Risk Assessment / - Aa1 AA-
Derivative Counterparty Rating

Issuance ratings
Covered Bonds AA+ Aaa -
Long Term Deposits - Aa1 AA-
Preferred AA- Aa1 AA-
Senior Unsecured
Non-preferred A+ A1 AA-
Tier 2 A A3 A+

1 Rating of the cooperative financial network

Page 25 2020 DZ BANK - Corporate presentation

DZ BANK rating overview – sustainability ratings

ISS-oekom assigns prime status (C+) to DZ BANK Group

 Since 2011 Prime Status

 Rating assignment (C+) as of 13 December 2019

 Above-average commitment to environmental and social issues

Further sustainability ratings

imug positive (B) Sustainability Rating

MSCI AA DZ BANK far above sector average

Sustainalytics 77/100 Punkten Leader in the area ‘social‘

Outperformer in the area ‘governance’

Seite 26 2020 DZ BANK - Corporate presentation

Sustainability activities
DZ BANK AG
Financing of renewable energies
With a financing volume of about € 5,4 bn. in 2019, DZ BANK
AG is one of Germany‘s largest renewable energy financiers.

Sustainable Investments
2019 DZ BANK AG led 16 green-, social- and sustainability
Our understanding of sustainability bond emissions with a volume of more than € 10 bn and is
has its roots in the cooperative therefore one of Germany‘s top 3 syndicate banks with
principles and our organisation‘s regards to the sustainable bond market.
values.
Promotional loans focussing on climate matters
DZ BANK AG is the largest intermediary company of
We act purposive and foresighted at
sustainable promotional loans in Germany with a portfolio
any time, always with a view on the
of € 25 bn. in 2019.
impact of our actions.
Sustainable investment research
DZ BANK‘s sustainability research gives cooperative banks
the possibility to screen their own investments for ESG-
matters. The research is based on an analysis model
comprising classical sustainability aspects and economic
dimensions.

Seite 27 2020 DZ BANK - Corporate presentation

Sustainability activities
DZ BANK Group

Sustainable asset management

With around € 53.1 billion assets under management in sustainable assets,
Union Investment is the leading sustainable asset manager in Germany.

Insurance products in renewable energy segment

R+V is one of the most important service providers of insurance products in the
renewable energy segment. In 2019 it insured 120,407 solar energy systems,
1,376 wind turbines and 1,130 biogas plants.

Financing of sustainable building

Through financing new buildings, modernisations and solar energy systems,
CO2 emissions were reduced by 516,901 tons in 2019.

Sustainable asset management

DZ PRIVATBANK has longtime experience in managing sustainable portfolios.

Seite 28 2020 DZ BANK - Corporate presentation

Social commitment of DZ BANK

Society Art and culture

Comprehensive activities with focus on “education” Diverse commitment in the fields of
art, dance and music
The DZ BANK Stiftung supports science, research and
teaching at universities and colleges as well as research
projects and exceptional scientific studies which are directly
related to the cooperative philosophy or to banking.

The Active Citizenship is the competence centre for civic

engagement of the Cooperative Financial Network of
Volksbanken Raiffeisenbanken. A key aspect of Active
Citizenship is the national encouragement of citizen
foundations.

The initiative ‘sozialgenial’ of DZ BANK aims to anchor the

idea of ‘service learning’ in higher education. It is intended
to offer pupils the opportunity of combining teaching and
social commitment. To this end, the participating pupils
develop their own charitable projects.

As an active member, DZ BANK supports the Initiativkreis

Ruhr. A central objective of the initiative is to expand
knowledge and awareness of young people in the region as
regards economics and finance. DZ BANK therefore
supports the annual “Dialogue with Youth” events both with
personnel and funds.

Seite 29 2020 DZ BANK - Corporate presentation

Innovation in the cooperative financial network
Networking at all levels

Volksbanken
Raiffeisenbanken
and BVR

cooperative
partners

DZ BANK
Group

Page 30 2020 DZ BANK - Corporate presentation

Strategic innovation management
The strategic innovation management process at DZ BANK

Strategic innovation management

Trend / technology scouting Ideation Prototyping Implementation

Innovation LAB

Trend LAB Sprint LAB Prototyping LAB Within divisions

GENOhub
Innovation radar (with Fiducia GAD, ADG and BVR) Transfer to partners within CFN

GENOhackathon GENOlab

Trend and technology radar Spin-off

Fintech radar Ideation toolbox Termination

Cooperations TechQuartier Plug and Play (Fintech-)Startups

Communication and culture Innovation Round Table Innovation blog Trendscouting team Presentations/publications

Page 31 2020 DZ BANK - Corporate presentation

Innovation LAB Mission Statement
DZ BANK Group´s „Think-and-Do-Tank“

… is a platform for creating transparency and connecting people and innovation

topics within DZ BANK Group

Innovation LAB … acts on behalf of relevant boards and committees from

DZ BANK AG and DZ BANK Group

… explores trends with relevance for DZ BANK’s business models and

contributes to the bank’s strategic positioning
Innovation Round Table
incl. Satellites … systematically creates ideas and solution approaches for its stakeholders’

(TechQuartier, PnP, etc.)

problems
Innovation radar

Cooperation
Trend Sprint Prototyping … helps to substantiate investment decisions through early and efficient
LAB LAB LAB validation of hypotheses

Data LAB
… works with agile methods and contributes to the organization’s digital
enablement and corporate culture

Innovation enablement
… is a hub for connecting with startup companies and the fintech world

… provides space for creative thinking and entrepreneurship

Page 32 2020 DZ BANK - Corporate presentation

Digitization and Innovation
DZ BANK Group´s activities

Union Investment DZ BANK R+V Versicherung VR Smart Finanz

DZ BANK Schwäbisch Hall Union Investment R+V Versicherung

MeinInvest

TeamBank DZ BANK R+V Versicherung

… and more than
75 further
activities

Page 33 2020 DZ BANK - Corporate presentation

3. DZ BANK Group‘s
business performance
DZ BANK Group
Key figures as of 31.12.2019

Business performance Strategic development

Profit before taxes of around €2.7 billion Capital expenditure aimed at growth of the
operating business

Structural growth transactions: Acquisitions at

Very good operating income
UMH and in the depositary business

Portfolio optimization: Sale of long-term equity

Positive one-off items, particularly at R+V and
investments and operating segments at BSH, UMH,
DZ HYP
VR Smart Finanz, and DVB

Stable capital situation:

Common equity Tier 1 capital ratio of 14.4 percent Transformation: Completion of mergers at
(December 31, 2018: 13.7 percent) DZ BANK and at DZ HYP

Page 35 2020 DZ BANK - Corporate presentation

DZ BANK Group
Income statement

Page 36 2020 DZ BANK - Corporate presentation

DZ BANK Group
Income statement by group company

Jan. 1– Jan. 1– Change

€ million
Dec. 31, 2019 Dec. 31, 2018 (%)
BSH 189 295 -35.9
R+V 1,117 413 >100.0
UMH 648 502 +29.1
TeamBank 152 145 +4.8
DZ BANK – central institution and corporate bank 293 362 -19.1
DZ HYP 687 232 >100.0
DZ PRIVATBANK 36 -151 >100.0
VR Smart Finanz -10 1 >100.0
DVB -108 -130 +16.9
DZ BANK – holding function -258 -281 +8.2
Other/Consolidation -34 -18 -88.9
Profit before taxes 2,712 1,370 +98.0

= holding companies

= companies assigned to the central institution and corporate bank

Page 37 2020 DZ BANK - Corporate presentation

Segment Home Savings business /
Residential real estate finance

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Segment Insurance

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Segment Asset Management

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Segment Consumer finance

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Segment DZ BANK AG

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Segment Real Estate Finance Business

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Segment Private Banking

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Segment Commercial Financing Solutions

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Segment Transport Finance

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DZ BANK Group
Diversified funding base

Funding structure Money market funding

€ 322.1 bn • Liquidity surplus of local cooperative banks provides
€ 285.5 bn € 298.7 bn the main basis for short-term funding in the unsecured
Senior Non-Preferred money markets
10.2 %
Funding >1Y 11.0 % • Corporate customers and institutional clients are
Senior Preferred 32.2 % another important source of funding
45.7 % 35.6 %
Funding >1Y • DZ BANK and DZ PRIVATBANK use groupwide multi-
15.4 % issuer euro commercial paper program to issue
Secured Funding >1Y 16.9 % 16.2 % money market products based on debt certificates
42.2 % • Furthermore collateralized money market activities
Short-term Funding 37.4 % 37.2 %

Structural liquidity (>1Y)

Q4 2017 Q4 2018 Q2 2019
• Funding via structured and non-structured capital
market products
Unsecured short- and medium-term funding as of Jun 30, 2019 • Products offered for local cooperative banks‘ own-
account and customer-account securities business
Commercial paper and to institutional clients
(institutional investors) 22% • Secured funding through issuance of Pfandbriefe / DZ
BANK BRIEFE by
45% DZ BANK, DZ HYP and DVB on a decentralized basis
Corporate customers, Local cooperative
15% banks • Long-term funding requirements in foreign currencies
institutional customers are covered through the basis swap market, ensuring
matching maturities
Other banks, 19%
central banks

Page 47 2020 DZ BANK - Corporate presentation

4. Business segments
Business segments – overview

Retail Banking

Corporate Banking

Capital
Markets

Transaction
Banking

The DZ BANK Group delivers its strategy and range of services for the cooperative banks and their
customers through its four business segments – Retail Banking, Corporate Banking, Capital Markets and
Transaction Banking.

Seite 49 2020 DZ BANK - Corporate presentation

Cooperative Banks / Verbund
Holistic support for the cooperative banks from the
Regionaldirektor of DZ BANK
Retail / Corporate customers / Overall banking managmement / Production bank

Church banks
Specialized coop. banks

Key-Account-Management

Exploitation of Relationship management

Sparring partner
revenue and to cooperative banks
in strategic questions
market potential as customers and shareholders

Bank management

Seite 50 2020 DZ BANK - Corporate presentation

Cooperative Banks / Verbund
Overall bank management: from the strategic setting to
operational implementation

2.
1.
Banks‘ own
Support
deposits (Depot
services
A) and markets

4. 3.
Process Product
support solutions

5. Sparring partner

Page 51 2020 DZ BANK - Corporate presentation

Retail Banking
DZ BANK Group

Investment products/
Payments and cards business

Comprehensive range of
Real estate finance
services
via DZ BANK Group‘s ‚Allfinanz‘
Consumer finance
approach

Competitive products
Private banking offered by the group companies in their
field of competence at reasonable prices
Asset management /
Investment products Cooperative customer
service
Pension plans via local cooperative banks in their region

Insurance

Page 52 2020 DZ BANK - Corporate presentation

Retail Banking
DZ BANK AG

Orientation to clients in a highly-

fragmented market
 The cooperative financial network‘s with
leading position in structured securities:1

 Market share of more than 33% in the

capital protection certificates product
group

 Market share of more than 38% in the

express certificates product group

 First place in the overall ranking „Best

Issuer“ (Zertifikate Award 2019/2020)

 Digital trading offering: „dzbank-derivate.de“

and VR ProfiBroker / -Trader

1Source: Deutscher Derivate Verband

Market share in the structured securities product group as of 31.12.2019, Market share by volume
Page 53 2020 DZ BANK - Corporate presentation
Retail Banking
GENO Broker GmbH

– GENO Broker combines the advantages of

a modern online broker with the proven
financial consultancy offerings in branches of
cooperative banks.

– Easy access to financial markets worldwide

– Billing against the running accout in one of

our cooperative patnerbanks

– Attractive product offerings: free custody of

all DZ BANK AG products

– Inexpensive transaction fees

– Securities accounts for all target groups

Page 54 2020 DZ BANK - Corporate presentation

Corporate Banking
DZ BANK Group

Bank products

Commercial real estate finance

business
Growth
Support the customer with advisory
ideas from a single source
Leasing / Hire purchase / Loans

Stability
Asset management The business relationship is guaranteed
by one of Europe’s best bank ratings

Financial investments Safety

for our customers’ plans for the future
based on sustainable cooperation in a
Equity finance strong cooperative financial network

Insurance /
Company pension scheme

Page 55 2020 DZ BANK - Corporate presentation

Corporate Banking
DZ BANK AG

Finance

Research

International business

Risk management

Investment products

Payments

Page 56 2020 DZ BANK - Corporate presentation

Corporate Banking
We are there for our customers: at local, regional and
international level

Local Regional International

Hamburg
Oldenburg
London Moscow
Hannover Berlin Frankfurt

Münster Istanbul Beijing

New York

Düsseldorf Leipzig
Dresden Mumbai
Hongkong

Coblenz Singapore
Frankfurt
Jakarta
Nuremberg
Region Northern & Eastern Germany São Paulo
Karlsruhe
Region West / Central Germany
Stuttgart Region Baden-Württemberg
Region Bavaria Central Division Corporate Banking Branch
Munich
Rep. Office
HQ

Page 57 2020 DZ BANK - Corporate presentation

Capital Markets
DZ BANK AG
Primary Secondary
market market

Cooperative banks

Advisory and sales

services in relation to
investment and risk
management products

Fixed Income Credit Corporate customers

Equities Currencies

Research services

Institutional customers

Page 58 2020 DZ BANK - Corporate presentation

Capital Markets
DZ BANK AG
The core task of DZ BANK AG in its role as central institution is liquidity balance and group internal finance.

Liquidity balancing function ...

– Unlimited acceptance of liquidity from cooperative banks
(corresponds to indirect retail funding)
– Short and long-term refinance for the cooperative banks
– Internal group finance of DZ BANK Group

.... Leads to risk allocation at DZ BANK

– Borrower’s default risk and market price risk
– Liquidity risks (guaranteeing solvency, balance of maturity
mismatches)

Money / capital
market
Risk balancing via
– Money and capital markets
– Global business partner network

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Transaction Banking
DZ BANK AG

Cooperative banks,
Partner banks,
Corporate customers

Central institution

Products
Payment processing Payment services Capital market services Custody services Value-added services

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Transaction Banking
DZ BANK AG

Payment processing Capital market services

 SEPA payments  Transaction processing of capital market
 Individual / large sum payment transactions products like securities, foreign exchange
 Instant payments and derivatives for investments of banks
 Cash management solutions (Depot A), customer business (Depot B)
 Electronic-banking products and the DZ BANK
 Transaction based regulatory reporting
 Responsible for the whole processing chain

Payment services Custody services

 Credit- and debit cards  Custodian bank for mutual and special
 Online payments funds
 Cash handling services  Custody services provider for the
cooperative financial network
(incl. Union Investment) and third parties

Value-added services Advisory

 Innovative value-added services and  Payment processing
customer retention programs:  Payment services
… VR-MeineReise, VR Entertain,
VRTicket, VR-ExtraPlus
 Securities transaction processing
 Capital market and custody services
 Value-added services

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5. Contact persons
Contact persons
DZ BANK AG
Cooperative banks / Verbund
Andreas Deitert Head of Division Cooperative Banks/Verbund +49 211 778 – 3600 andreas.deitert@dzbank.de

Retail Banking
Markus Reitmeier Head of Division Capital Markets Retail Clients +49 69 7447 – 42367 markus.reitmeier@dzbank.de

Corporate Banking
Andreas Brey Head of Division Region Bavaria +49 89 2134 – 3140 andreas.brey@dzbank.de

Jörg Hessel Head of Division Region Baden-Württemberg +49 711 940 – 2141 joerg.hessel@dzbank.de

Dr. Alexander Hildner Head of Division Region Northern & Eastern Germ. +49 40 35900 – 200 alexander.hildner@dzbank.de

Thomas Löcker Head of Division Region West / Central Germany +49 211 778 – 2100 thomas.loecker@dzbank.de

Stephan Ortolf Head of Division Central Division Corp. Banking +49 69 7447 – 99461 stephan.ortolf@dzbank.de

Gottfried Finken Head of Division Structured Finance +49 69 7447 – 99878 gottfried.finken@dzbank.de

Matthias Hümpfner Head of Division Investment Promotion +49 211 778 – 2200 matthias.huempfner@dzbank.de

Capital Markets
Heinz-Theo Brockmann Head of Division Capital Markets Institutional Clients +49 69 7447 – 6962 heinz-theo.brockmann@dzbank.de

Transaction Banking
Gregor Roth Head of Division Transaction Management +49 69 7447 – 2088 gregor.roth@dzbank.de

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 Disclaimer

This document is for information purposes only. This document has been prepared by DZ BANK AG Deutsche Zentral-
Genossenschaftsbank (“DZ BANK”) and may only be distributed outside Germany in accordance with the local legal
requirements, and persons coming into possession of this information and these materials should inform themselves about
and observe the local legal requirements.

This document constitutes neither a public offer nor a solicitation of an offer for the purchase of securities or financial
instruments. DZ BANK does not act as investment adviser or portfolio manager. This document does not constitute a
financial analysis. All evaluations, opinions or explanations contained herein are those of the author of the document and do
not necessarily correspond with those of third parties.

DZ BANK assumes no liability for damages caused directly or indirectly by the distribution and/or use of this document
and/or for damages which are in any way connected with the distribution/use of this document. Any investment decision with
respect to securities or any other financial instruments should be based on an individual advice and a prospectus or
information memoranda and under no circumstances on this document.

The contents of this document correspond to the status at the point in time at which the document was drafted. Future
developments may render them obsolete without the document’s having been changed accordingly.

Page 64 2020 DZ BANK - Corporate presentation