Profit of DZ Privatbank S.A. in Luxembourg 2015-2018
DZ Bank's private banking branch in Luxembourg reported an overall net profit of roughly 11 million euros in 2018. This is roughly the same value as when reported in previous years. DZ Privatbanking acts as the Europe hub for German-based DZ Bank's private banking activities, for example in Switzerland. Several banks from Switzerland, or other countries like China or the United States, established themselves in Luxembourg to gain access to the EU internal market.
