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DAB BNP Paribas

May 03, 2024

DAB BNP Paribas is a brand of the German branch of the French major bank BNP Paribas with business premises in Munich. The BNP Paribas brand for independent asset managers, fund brokers, investment advisers and institutional clients was founded on 18 January 1994 as the first discount broker in Germany, trading under Direkt Anlage- und Vermögensverwaltungs-GmbH, and started operations in May 1994 as Direkt Anlage Bank GmbH (DAB). As of 1 January 2016, the operating private customer business was transferred to the BNP Paribas S.A. branch Germany. On 12/13 November 2016, the DAB bank's online portal was shut down and all private customers transferred to Consorsbank.[1]

DAB BNP Paribas
Company typeS.A. (corporation), Joint-stock company
Founded18 January 1994
HeadquartersMunich, Germany
Products
Total assets€5,526.8 billion (2014)
Number of employees
606 (2014)
ParentBNP Paribas
Websiteb2b.dab-bank.de

Business model edit

After its integration with Consorsbank and all private customers being transferred there, DAB is focussed on the business with financial intermediaries such as asset managers, fund brokers, investment advisers, digital asset managers as well as banks and savings banks since its foundation. It offers institutional customers a central depository for securities of all asset classes. The fully integrated securities trading platform enables the trading of all types of securities at home and abroad in all common currencies via a custody account. With more than 9,000 funds of more than 200 CAGs, the DAB is one of the most important fund platforms for institutional investors in Europe.

After "the stock boom around the turn of the millennium and the significantly decreased order numbers, it had missed the change from pure online broker to digital full bank."[2] In that course, the parent company BNP Paribas reorganized the business model in the context of the 1 January 2016 transfer of the operative business of the DAB bank to the BNP Paribas branch Germany.[3] Deposits of Volkswagen Bank will continue to be held at the DAB BNP Paribas in Munich.[4]

Management edit

The company is managed by Thomas Zink and Dr. Sven Deglow (Co-CEOs).

Stock market edit

In 1999, the DAB bank was placed on the stock exchange. The company was listed in the Prime Standard. In 2001, the bank was listed as part of the acquisition of the French online broker Selftrade on the Nouveau Marché (New Market) of the Paris Stock Exchange - the delisting in France took place in 2010.

As part of the takeover by BNP Paribas, the remaining minority shareholders were resigned and excluded by squeeze-out. The listing ended on 27 July 2015.[5]

Affiliation edit

The bank was founded as a subsidiary of Munich-based Hypo-Bank, which merged with Bayerische Vereinsbank in 1998 to form HypoVereinsbank. In 2005 it was taken over by Unicredit.

As of 28 February 2013, Unicredit Bank held 81.39% of the DAB bank shares,[6] with 18.61% in free float.

At the beginning of August 2014, the French major bank BNP Paribas, which also owns Consorsbank, acquired an 81.4% stake for € 354 million.[7] According to initial planning, it should have come to a fusion of the brands DAB bank and Consorsbank by the end of 2014 in Germany,[8] but the merger with the DAB was completed in early 2016. The DAB bank thus had the same fate as the Consorsbank, it was integrated into the BNP Paribas S.A. branch Germany.[9]

DAB was a member of the Cash Group until 31 January 2015.

Statistics edit

DAB is currently one of the leading direct banks in Germany in the securities business, in terms of client numbers and client assets. As of 31 December 2012, the DAB Bank Group had 597,128 customers, for which it managed 615,288 accounts with a combined client asset of €28,38 billion.[10] In 2012, it conducted 4,2 million customer transactions.

History edit

  • 1994: Founding of the Direkt Anlage Bank (DAB) as the first direct broker in Germany.
  • 1996: Introduction of online banking.
  • 1997: DAB becomes a stock corporation
  • 1998: Through the DAB second trading DAB becomes the first discount broker with an off-exchange trading platform
  • 1999: The DAB is listed on the stock exchange in the Nouveau Marché (New Market) segment; from 20 March 2000 to 24 March 2003 NEMAX 50 is included in its selection index.[11]
  • 2000: Deletion of deposit and account maintenance fee.
  • 2001: Renaming to DAB Bank as part of the acquisition of Direct Brokers Selftrade.
  • 2002: Selftrade is sold together with the DAB Bank (Switzerland). Purchase of the Austrian direktanlage.at by the Bank Austria.
  • 2004: Acquisition of FondsServiceBank GmbH[12]
  • 2009: Sale of FondsServiceBank to Fondsdepot Bank, Hof
  • 2015: Squeeze-out of the remaining small shareholders, the bank now belongs exclusively to BNP * Paribas[5][13]
  • 2016: The operative business is transferred to the BNP Paribas S.A. branch Germany. The business of the DAB Bank will be continued under the Consorsbank brand, which is also part of the BNP Paribas-Group. Thus, the brand DAB Bank disappears from the market.

References edit

  1. ^ "DAB BNP Paribas". DAB BNP Paribas. Retrieved 6 August 2019.
  2. ^ Seibel, Karsten (1 August 2014). "Cortal Consors und DAB Bank machen gemeinsame Sache". Welt. Retrieved 6 August 2019.
  3. ^ "DAB Bank und Consorsbank: Fusion ab September 2016!". Broker-Test. 31 August 2016. Retrieved 6 August 2019.
  4. ^ "Das Wertpapierdepot". Volkswagen Financial Services. Retrieved 6 August 2019.
  5. ^ a b "Ausschluss der Minderheitsaktionäre und Verschmelzung der DAB Bank AG auf die BNP Paribas Beteiligungsholding AG wirksam". DAB Bank. 27 July 2015. Retrieved 6 August 2019.
  6. ^ "Details zur Aktiengesellschaft". Bundesanstalt für Finanzdienstleistungsaufsicht. Archived from the original on 24 July 2012. Retrieved 6 August 2019.
  7. ^ Vaupel, Michael (15 October 2014). "Die Entwicklung bei den Eigentümern der DAB Bank". Aktiendepot.com. Retrieved 6 August 2019.
  8. ^ . Süddeutsche Zeitung. 13 August 2014. Archived from the original on 17 November 2015. Retrieved 6 August 2019.
  9. ^ "DAB Bank verschmilzt mit BNP Paribas S.A." ARIVA.DE. 29 October 2015. Retrieved 6 August 2019.
  10. ^ "DAB Bank steigert im Geschäftsjahr 2012". DAB Bank. 21 February 2013. Archived from the original on 12 April 2013. Retrieved 6 August 2019.
  11. ^ (PDF). Deutsche Börse. 1 July 1999. Archived from the original (PDF) on 20 December 2013. Retrieved 6 August 2019.
  12. ^ "DAB bank übernimmt FSB FondsServiceBank". FinanzNachrichten. 18 November 2004. Retrieved 6 August 2019.
  13. ^ . finanzen.net. 27 March 2015. Archived from the original on 6 August 2019. Retrieved 6 August 2019.

External links edit

  • Official Website

48°08′37″N 11°30′09″E / 48.14368°N 11.50244°E / 48.14368; 11.50244

May 03, 2024
paribas, brand, german, branch, french, major, bank, paribas, with, business, premises, munich, paribas, brand, independent, asset, managers, fund, brokers, investment, advisers, institutional, clients, founded, january, 1994, first, discount, broker, germany,. DAB BNP Paribas is a brand of the German branch of the French major bank BNP Paribas with business premises in Munich The BNP Paribas brand for independent asset managers fund brokers investment advisers and institutional clients was founded on 18 January 1994 as the first discount broker in Germany trading under Direkt Anlage und Vermogensverwaltungs GmbH and started operations in May 1994 as Direkt Anlage Bank GmbH DAB As of 1 January 2016 the operating private customer business was transferred to the BNP Paribas S A branch Germany On 12 13 November 2016 the DAB bank s online portal was shut down and all private customers transferred to Consorsbank 1 DAB BNP ParibasCompany typeS A corporation Joint stock companyFounded18 January 1994HeadquartersMunich GermanyProductsCredit cardsLoansSavingsTradingInsuranceTotal assets 5 526 8 billion 2014 Number of employees606 2014 ParentBNP ParibasWebsiteb2b wbr dab bank wbr de Contents 1 Business model 2 Management 3 Stock market 4 Affiliation 5 Statistics 6 History 7 References 8 External linksBusiness model editAfter its integration with Consorsbank and all private customers being transferred there DAB is focussed on the business with financial intermediaries such as asset managers fund brokers investment advisers digital asset managers as well as banks and savings banks since its foundation It offers institutional customers a central depository for securities of all asset classes The fully integrated securities trading platform enables the trading of all types of securities at home and abroad in all common currencies via a custody account With more than 9 000 funds of more than 200 CAGs the DAB is one of the most important fund platforms for institutional investors in Europe After the stock boom around the turn of the millennium and the significantly decreased order numbers it had missed the change from pure online broker to digital full bank 2 In that course the parent company BNP Paribas reorganized the business model in the context of the 1 January 2016 transfer of the operative business of the DAB bank to the BNP Paribas branch Germany 3 Deposits of Volkswagen Bank will continue to be held at the DAB BNP Paribas in Munich 4 Management editThe company is managed by Thomas Zink and Dr Sven Deglow Co CEOs Stock market editIn 1999 the DAB bank was placed on the stock exchange The company was listed in the Prime Standard In 2001 the bank was listed as part of the acquisition of the French online broker Selftrade on the Nouveau Marche New Market of the Paris Stock Exchange the delisting in France took place in 2010 As part of the takeover by BNP Paribas the remaining minority shareholders were resigned and excluded by squeeze out The listing ended on 27 July 2015 5 Affiliation editThe bank was founded as a subsidiary of Munich based Hypo Bank which merged with Bayerische Vereinsbank in 1998 to form HypoVereinsbank In 2005 it was taken over by Unicredit As of 28 February 2013 Unicredit Bank held 81 39 of the DAB bank shares 6 with 18 61 in free float At the beginning of August 2014 the French major bank BNP Paribas which also owns Consorsbank acquired an 81 4 stake for 354 million 7 According to initial planning it should have come to a fusion of the brands DAB bank and Consorsbank by the end of 2014 in Germany 8 but the merger with the DAB was completed in early 2016 The DAB bank thus had the same fate as the Consorsbank it was integrated into the BNP Paribas S A branch Germany 9 DAB was a member of the Cash Group until 31 January 2015 Statistics editDAB is currently one of the leading direct banks in Germany in the securities business in terms of client numbers and client assets As of 31 December 2012 the DAB Bank Group had 597 128 customers for which it managed 615 288 accounts with a combined client asset of 28 38 billion 10 In 2012 it conducted 4 2 million customer transactions History edit1994 Founding of the Direkt Anlage Bank DAB as the first direct broker in Germany 1996 Introduction of online banking 1997 DAB becomes a stock corporation 1998 Through the DAB second trading DAB becomes the first discount broker with an off exchange trading platform 1999 The DAB is listed on the stock exchange in the Nouveau Marche New Market segment from 20 March 2000 to 24 March 2003 NEMAX 50 is included in its selection index 11 2000 Deletion of deposit and account maintenance fee 2001 Renaming to DAB Bank as part of the acquisition of Direct Brokers Selftrade 2002 Selftrade is sold together with the DAB Bank Switzerland Purchase of the Austrian direktanlage at by the Bank Austria 2004 Acquisition of FondsServiceBank GmbH 12 2009 Sale of FondsServiceBank to Fondsdepot Bank Hof 2015 Squeeze out of the remaining small shareholders the bank now belongs exclusively to BNP Paribas 5 13 2016 The operative business is transferred to the BNP Paribas S A branch Germany The business of the DAB Bank will be continued under the Consorsbank brand which is also part of the BNP Paribas Group Thus the brand DAB Bank disappears from the market References edit DAB BNP Paribas DAB BNP Paribas Retrieved 6 August 2019 Seibel Karsten 1 August 2014 Cortal Consors und DAB Bank machen gemeinsame Sache Welt Retrieved 6 August 2019 DAB Bank und Consorsbank Fusion ab September 2016 Broker Test 31 August 2016 Retrieved 6 August 2019 Das Wertpapierdepot Volkswagen Financial Services Retrieved 6 August 2019 a b Ausschluss der Minderheitsaktionare und Verschmelzung der DAB Bank AG auf die BNP Paribas Beteiligungsholding AG wirksam DAB Bank 27 July 2015 Retrieved 6 August 2019 Details zur Aktiengesellschaft Bundesanstalt fur Finanzdienstleistungsaufsicht Archived from the original on 24 July 2012 Retrieved 6 August 2019 Vaupel Michael 15 October 2014 Die Entwicklung bei den Eigentumern der DAB Bank Aktiendepot com Retrieved 6 August 2019 Munchner Bank unter neuer Flagge Suddeutsche Zeitung 13 August 2014 Archived from the original on 17 November 2015 Retrieved 6 August 2019 DAB Bank verschmilzt mit BNP Paribas S A ARIVA DE 29 October 2015 Retrieved 6 August 2019 DAB Bank steigert im Geschaftsjahr 2012 DAB Bank 21 February 2013 Archived from the original on 12 April 2013 Retrieved 6 August 2019 NEMAX 50 Kurzinformation PDF Deutsche Borse 1 July 1999 Archived from the original PDF on 20 December 2013 Retrieved 6 August 2019 DAB bank ubernimmt FSB FondsServiceBank FinanzNachrichten 18 November 2004 Retrieved 6 August 2019 DAB Bank AG BNP Paribas Beteiligungsholding AG legt Barabfindung fur verschmelzungsrechtlichen Squeeze Out auf EUR 4 78 je Aktie fest finanzen net 27 March 2015 Archived from the original on 6 August 2019 Retrieved 6 August 2019 External links editOfficial Website nbsp Banks portal 48 08 37 N 11 30 09 E 48 14368 N 11 50244 E 48 14368 11 50244 Retrieved from https en wikipedia org w index php title DAB BNP Paribas amp oldid 1193382935, wikipedia, wiki, book, books, library,

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