Parent Company: DZ BANK AG

DZ BANK Ireland plc is a wholly owned subsidiary of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main (DZ BANK AG).


DZ BANK AG is the central bank, corporate bank and parent holding company for the DZ BANK Group. It was established in September 2001 by the merger of DG BANK and GZ-Bank. At year-end 2006 the DZ BANK Group ranked fifth in size among the banking groups in Germany.


As a central bank, DZ BANK AG is responsible for servicing the vast majority of the 1,255 local cooperative banks which in total have aggregate assets of EUR 608 billion as at December 2006. The cooperative banks have a significant share of the fragmented German market with approximately 29% of retail deposits and 20% of retail loans. DZ BANK AG acts as a liquidity manager for, and supports, the local cooperative banks with transactions such as brokerage and securities processing, international business and the development of retail products and individual customer solutions.


As an internationally oriented corporate bank, DZ BANK AG provides the full range of corporate banking services to its predominantly SME customers and also provides investment banking services in the areas of fixed income and private, customer oriented securities services. DZ BANK AG is represented in all key financial centres in Europe, the U.S. and Asia.


As a holding company, DZ BANK AG coordinates the efforts of the cooperative sector's wide range of specialist product and service providers (the "Allfinanz" concept) which includes activities such as asset management (Union Investment), insurance (R+V Versicherung), real estate and mortgages (Bausparkasse Schwäbisch Hall, DG HYP) and leasing (VR LEASING).


In 2006, DZ BANK AG's long-term debt ratings were raised by one notch to A+ by Standard & Poor's. In May 2007 Moody's raised DZ BANK's long term rating by two notches to 'Aa3'. The current ratings are Aa3/P1 by Moody's, A+/A1 by S&P and A+/F1 by Fitch.


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