DWP Bank

Deutsche WertpapierService Bank AG (dwpbank) can boast extensive experience in the area of securities settlement and has achieved a number of milestones in its short history to date. dwpbank in its current form was created on 4 August 2003 as a result of the merger of bws bank and WPS Bank with retroactive effect from 1 January 2003. The predecessor banks were among the pioneers in the field of transaction banking from mid-1998 onwards. In March 2007, dwpbank expanded with the acquisition of TxB Transaktionsbank GmbH. TxB, which initially remained a wholly-owned subsidiary of the “dwpbank Group”, was merged into dwpbank on 25 August 2008. The merger was conducted with retroactive effect from 1 January 2008; as the universal successor of TxB, dwpbank took over all of the latter’s employees and customers. With the acquisition of retail securities settlement for Dresdner Bank and the ongoing internal consolidation of the settlement systems on the central WP2 IT platform, dwpbank has recorded impressive growth and demonstrated its expertise in the implementation of complex migration projects. dwpbank’s figures for the 2007 financial year serve to underline its position as the leading securities transaction bank, with net income of EUR 18.2 million and net retained profits of EUR 11.1 million. As of 31 December 2007, dwpbank had a total of 8.56 million securities accounts under management, with transactions processed totalling 50.01 million and a managed securities volume of EUR 1,907 billion. More than 400 direct customers with around 1,600 banks use its process and system services for securities settlement on a cross-sector basis. dwpbank has more than 2,000 employees.

Address: Völklinger Str 4, 40219 Düsseldorf, Germany

Phone: +49 211 82605
FAX: +49 211 8268076