Volksbanken: DZ Bank erzielt Rekordgewinn und hebt Prognose an
Deutschlands zweitgrößte Bank profitiert im ersten Halbjahr von steigenden Ergebnissen bei Union Investment und der R+V-Versicherung. Zwei andere Gesellschaften stehen dagegen unter Druck.
Frankfurt - DZ Bank, Germany's second-largest financial institution, reported a record profit in the first half of the year despite a weak economic outlook in Germany. The bank's pretax income rose by 19 percent to 2.5 billion euros, the company announced on Tuesday. CEO Cornelius Riese subsequently raised the outlook for the full year, predicting a pretax profit of 3.5 to 4.0 billion euros for 2026.
This would only slightly fall short of the previous record of 4.3 billion euros set last year. In March, Riese had previously forecast a profit decline of around three billion euros. The strong performance in the first half of the year was primarily driven by the performance of the company's insurance subsidiary R+V and the investment fund subsidiary Union Investment.
R+V increased its pretax profit by 35 percent to 1.18 billion euros due to rising revenues and low claims, while Union Investment saw a 55 percent increase in profits, reaching 889 million euros, thanks to positive developments in the stock markets.
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