DekaBank (Germany)


DekaBank is the Wertpapierhaus of the German Savings Bank Finance Group. Together with its subsidiaries it forms the Deka Group, which has total customer assets of around EUR 220 billion and around four million securities accounts, making it one of the largest securities services providers in Germany. It provides retail and institutional investors access to a wide range of investment products and services.

History

In 2015, Helaba’s leadership proposed a merger with Deka. In May 2019, both entered into exploratory talks on a merger. Later that year, Deka’s supervisory board instructed management to explore “deeper cooperation” with the bank from January 2020.

Notable activities

In August 2011, Deka divested all its equity holdings, reflecting what was lining up to be the worst August for world stocks since 1998. In 2016, Deka was one of Germany's main issuers of credit-linked notes.
In 2015, Deka joined Lloyds Bank and Qatar National Bank in a £705 million senior loan which financed the Qatar Investment Authority’s acquisition of 8 Canada Square in Canary Wharf.
In 2017, amid the Volkswagen emissions scandal, a German court named Deka as lead plaintiff for 1,470 damages claims against Volkswagen totaling 1.9 billion euros.