DekaBank

established the first giro association involving German savings banks, the (), which was founded on 1908-10-05 with 151 members and started giro operations on 1909-01-02. Several other regional giro associations () were subsequently created. On 1916-10-26 during World War I, the () was established in Berlin to coordinate the activities of the . ====

The (DGZ) was established on 1918-02-01, initially as a banking division of the . Its capital of 15 million Reichsmarks was provided by the regional under joint and several liability. DGZ operated cashless payment (giro) transactions and settlement between the regional giro organizations (). DGZ was also tasked with short-term lending to regional giro associations that were members of the , from 1924 the Deutscher Sparkassen- und Giroverband (DSGV), and to other German municipal associations, managing interest-bearing funds, buying and selling foreign exchange, and borrowing on their behalf. In 1919, DGZ was also authorized to provide long-term financing to municipalities and to issue municipal bonds. The name "Deutsche Kommunalbank" was consequently added to that of DGZ in 1921, so that its full name became , still known as DGZ. In 1931, DGZ was reorganized together with the broader municipal banking system, and it received a statute () of its own in 1932. Even so, the DSGV remained ultimately liable for DGZ. At the same time, the supervision of DGZ was transferred from the Interior Minister of Prussia to the national government of the Weimar Republic. From 1933, the National Socialists used DGZ to cover the steadily growing financial needs for rearmament and later for warfare. Following the end of World War II, the DGZ head office, in East Berlin, was closed by the Soviet Military Administration. In 1949, it was revived as in Düsseldorf, West Germany, but with a more limited mandate that was focused on short-term transactions. In 1954, it was again named and resumed full activities, and in 1955 it opened a branch in West Berlin. In 1964–1965, DGZ's head office was relocated from Düsseldorf to Frankfurt. ==1999 merger and aftermath==

On 1999-01-01, DGZ and DekaBank merged to form , which was renamed in 2002. In April 2011, DSGV became the sole owner of DekaBank by purchasing the 50 percent stake owned until then by the Landesbanks. In November 2014, DekaBank came under the prudential supervisory authority of the European Central Bank as a consequence of European banking union. 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. That same year, 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. In 2016, Deka was one of Germany's main issuers of credit-linked notes. 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 ($2 billion). ==See also==