Question 1

What is DekaBank?

Accepted Answer

DekaBank is the Paris branch of DekaBank Deutsche Girozentrale, a German financial institution that serves as the central asset manager of the Sparkassen-Finanzgruppe (German Savings Banks Finance Group). This branch operates as an EEA branch (European Economic Area branch) of the parent institution headquartered in Germany.

DekaBank is one of Germany's largest securities services providers, offering comprehensive asset management, real estate investment, capital markets services, and corporate financing solutions. The bank manages over EUR 440 billion in assets and maintains more than 5.9 million securities accounts. As a Significant Institution under European Banking Supervision since November 2014, DekaBank is directly supervised by the European Central Bank.

Question 2

When was DekaBank founded?

Accepted Answer

The DekaBank Paris branch was authorized on November 20, 2013 by the European Central Bank, as indicated by its EBA registration. However, the parent institution has a much longer history.

DekaBank traces its origins to the Deutsche Girozentrale (DGZ), which was established on February 1, 1918 in Berlin as a banking division of the Deutscher Zentral-Giroverband. DGZ was founded with capital of 15 million Reichsmarks provided by regional giro associations to facilitate cashless payment transactions and settlement between German savings banks.

On January 1, 1999, Deutsche Girozentrale merged with DekaBank GmbH (an investment company established in 1956) to form DGZ-DekaBank Deutsche Kommunalbank. This combined entity was renamed DekaBank Deutsche Girozentrale in 2002, creating the modern institution that operates today.

Question 3

Where is DekaBank headquartered?

Accepted Answer

The Paris branch is located in Paris, France, specifically at 34, rue Tronchet, 75009 Paris.

The parent institution, DekaBank Deutsche Girozentrale, is headquartered in Frankfurt am Main, Germany, with main operational headquarters at Mainzer Landstraße 16, 60325 Frankfurt am Main. The bank is also registered in Berlin.

Question 4

Where does DekaBank operate?

Accepted Answer

The DekaBank Paris branch operates throughout France, serving as DekaBank's representation in the French market. The branch is authorized by the European Central Bank and BaFin (Germany's Federal Financial Supervisory Authority).

As a branch of a German institution, it extends DekaBank's services to French clients, particularly focusing on real estate lending and institutional investment services. The Paris office serves as a key contact point for DekaBank's Transaction Management activities covering Germany, France, and Italy.

Question 5

What services does DekaBank offer?

Accepted Answer

The DekaBank Paris branch offers specialized financial services aligned with the parent institution's core competencies:

Asset Management: Investment fund management, portfolio management, and securities services for institutional and retail clients. DekaBank manages equity funds, bond funds, real estate funds, money market funds, and specialized investment products.

Real Estate Financing: Commercial real estate lending, particularly for institutional clients and large-scale real estate projects. The Paris branch serves as a hub for real estate lending activities in France.

Capital Markets Services: Syndication services, credit structuring, and debt capital markets solutions for corporate and institutional clients.

Institutional Services: Custody bank services, fund administration, master fund management, and liquidity management for institutional investors.

Digital Services: Online investment platforms, digital asset management tools, and integrated banking services through coordination with the Sparkassen network.

Question 6

What makes DekaBank unique?

Accepted Answer

DekaBank's distinctiveness stems from its unique position within the German Savings Banks Finance Group. As the central asset manager for approximately 370 German savings banks (Sparkassen), DekaBank benefits from an extensive distribution network reaching over 50 million customers through more than 15,600 branch locations.

The bank's dual heritage combining Deutsche Girozentrale's traditional banking operations (since 1918) with modern investment management expertise creates a comprehensive financial services platform. This combination positions DekaBank as both a traditional financial institution and a sophisticated investment manager.

DekaBank's public ownership structure sets it apart from private competitors. The bank is wholly owned by the Deutscher Sparkassen- und Giroverband (DSGV), having become fully owned by the savings banks in April 2011 when they acquired the 50% stake previously held by Landesbanks for EUR 2.3 billion.

The Paris branch specifically provides cross-border expertise for French clients seeking access to German savings bank products and for German institutional clients investing in French markets, particularly in real estate sectors.

Question 7

What type of financial institution is DekaBank?

Accepted Answer

DekaBank Paris is classified as an EEA Branch (CRDEEABRA) under European Banking Authority regulations, specifically a branch of a credit institution from another European Economic Area member state.

The parent institution, DekaBank Deutsche Girozentrale, operates as a universal bank and asset management company with a public-sector ownership structure. In the German banking system, it functions as a central institution (Zentralinstitut) within the three-pillar banking system, specifically serving the savings banks pillar.

As a Significant Institution under the Single Supervisory Mechanism, DekaBank is subject to direct prudential supervision by the European Central Bank, reflecting its systemic importance to the European financial system. The bank combines characteristics of a commercial bank, investment manager, and specialized financial services provider, offering comprehensive solutions across asset management, real estate investment, and capital markets activities.

DekaBank

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About DekaBank in France