ZUNO Bank AG

EQS-News: flatexDEGIRO AG: CET1 ratio to increase to over 27 % following BaFin’s approval to re-apply credit risk mitigation techniques for DEGIRO margin loans

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Friday, September 29, 2023
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BaFin’s decision is based on flatexDEGIRO’s successful progress in remedying the relevant shortcomings, following an assessment by BaFin in consultation with the special commissioner.

Key Points: 
  • BaFin’s decision is based on flatexDEGIRO’s successful progress in remedying the relevant shortcomings, following an assessment by BaFin in consultation with the special commissioner.
  • The re-application of CRMT for DEGIRO margin loans will lead to an immediate reduction of flatexDEGIRO Group’s risk weighted assets (RWA).
  • Based on this, flatexDEGIRO Group’s Common Equity Tier 1 (CET1) ratio is thereby to increase to over 27 percent versus a regulatory required CET1 ratio of approximately 15.4 percent, leading to a regulatory capital surplus of approximately 100 million Euro.
  • Dr. Benon Janos, CFO of flatexDEGIRO: “The re-application of the credit risk mitigation techniques leads to a substantial improvement of our CET1 ratio and the regulatory capital surplus we hold beyond regulatory requirements.

EQS-News: flatexDEGIRO expands Management Board and specifies financial expectations for 2022

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Saturday, December 3, 2022
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Against this background flatexDEGIRO expects full year revenues 2022 to amount to approx.

Key Points: 
  • Against this background flatexDEGIRO expects full year revenues 2022 to amount to approx.
  • Furthermore, the supervisory and management board have decided to capitalize flatexDEGIRO Bank AG with additional EUR50million out of own retained funds.
  • Also effective 1 January 2023, Stephan Simmang will join the Management Board of flatexDEGIRO AG as the Groups Chief Technology Officer (CTO).
  • Furthermore, the Supervisory Board has decided that Christiane Strubel, who is heading HR at flatexDEGIRO as a General Representative since 2016, should also be appointed to the Management Board of flatexDEGIRO AG as soon as all regulatory requirements are fulfilled.

EQS-News: Dr. Matthias Heinrich joins Management Board of flatexDEGIRO Bank AG as new Chief Risk Officer

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Friday, October 28, 2022
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Frankfurt/ Main Effective today, Dr. Matthias Heinrich joins the Management Board of flatexDEGIRO Bank AG, the fully-licensed bank entity of flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR), Europe's leading online broker for retail investors.

Key Points: 
  • Frankfurt/ Main Effective today, Dr. Matthias Heinrich joins the Management Board of flatexDEGIRO Bank AG, the fully-licensed bank entity of flatexDEGIRO AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR), Europe's leading online broker for retail investors.
  • In his role as Chief Risk Officer he takes over responsibility for the banks Risk Management, Regulatory Reporting and Compliance.
  • The Management Board of flatexDEGIRO Bank AG consists of five members, including Frank Niehage (CEO), Dr. Benon Janos, Muhamad Chahrour, Steffen Jentsch and Dr. Matthias Heinrich.
  • Martin Korbmacher, Chairman of the Supervisory Board of flatexDEGIRO Bank AG: "With Dr. Matthias Heinrich we have been able to further strengthen the banks management team with a highly recognized expert in risk management, regulatory reporting and overall bank management.

DGAP-News: Supervisory Board of Pyrum Innovations AG extends contract with CEO Pascal Klein and appoints Kai Winkelmann to the Executive Board

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Friday, April 1, 2022
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Dillingen / Saar, 30 March 2022 - Pyrum Innovations AG ("Pyrum"), a pioneer in the sustainable recycling of end-of-life tyres (ELT) based on its pyrolysis technology, announces that the Supervisory Board has prematurely extended the contract with CEO Pascal Klein by five years until 1 February 2028.

Key Points: 
  • Dillingen / Saar, 30 March 2022 - Pyrum Innovations AG ("Pyrum"), a pioneer in the sustainable recycling of end-of-life tyres (ELT) based on its pyrolysis technology, announces that the Supervisory Board has prematurely extended the contract with CEO Pascal Klein by five years until 1 February 2028.
  • Mr Klein co-founded Pyrum Innovations ESC GmbH in 2008 and was managing partner of the company from 2008 to 2018.
  • Since the company's change of legal form and name to Pyrum Innovations AG in 2018, he has been CEO of the company.
  • In addition, Kai Winkelmann will be appointed to the company's Executive Board as CFO for three years as of 1 April 2022.

DGAP-News: Aygül Özkan, economic and social expert, strengthens Supervisory Board of flatexDEGIRO Bank AG

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Monday, December 20, 2021
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Aygl zkan combines outstanding political experience as former Minister with a strong track record in multinational financial services and telecommunications companies.

Key Points: 
  • Aygl zkan combines outstanding political experience as former Minister with a strong track record in multinational financial services and telecommunications companies.
  • With this outstanding appointment, the Supervisory Board considers itself well positioned to continue accompanying flatexDEGIRO's rapid growth and claim to leadership in Europe in the long term.
  • Martin Korbmacher, Chairman of the Supervisory Board of flatexDEGIRO AG and flatexDEGIRO Bank AG: "I couldn't be more excited about Aygl joining.
  • From 2010 to October 2021, she was also a Member of the Federal Executive Board of the Economic Council of the Christian Democratic Union (CDU).

DGAP-News: TEN31 Bank AG: WEG Bank AG becomes TEN31 Bank AG

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Tuesday, August 24, 2021
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The management board of WEG Bank AG announces the renaming to TEN31 Bank AG.

Key Points: 
  • The management board of WEG Bank AG announces the renaming to TEN31 Bank AG.
  • Ottobrunn, August 24, 2021 - With the entry in the commercial register on August 18, 2021, it is officially confirmed that WEG Bank AG will be operating under the name TEN31 Bank AG with immediate effect.
  • TEN31 Bank AG was founded in 2016 as WEG Bank AG.
  • Nina Farr, TEN31 Bank AG (formerly WEG Bank AG) | Alte Landstr.