Financial group – DZ Bank with record results – Economy

DZ Bank weathered the Corona crisis better than expected. The financial group, which also includes insurance company R&V and investment firm Union Investment, earned € 1.8 billion in the first half of the year before tax, more than three times more than a year ago – and more than ever in half a year, the DZ Bank announced on Monday. It benefited above all from stronger demand for funds at the level of the Union Investment subsidiary and from good development in the capital markets. This had positive valuation effects for the special financier DVB Bank as well as for the government bond portfolio.

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