October 23, 2014 3:15 PM ET

Banks

Company Overview of TARGOBANK AG & Co. KGaA

Company Overview

TARGOBANK AG & Co. KGaA provides personal and business banking services to corporations, government agencies, financial institutions, and individual consumers in Germany. The company offers various deposit products, including savings and checking accounts, certificates of deposit, and individual retirement accounts. It also provides credit cards, real estate loans, and mortgage loans, and online banking, financial consulting, retirement planning, and estate planning services. It was formerly known as Citibank Privatkunden AG & Co. KGaA and changed its name to TARGOBANK AG & Co. KGaA in February 2010. The company was founded in 1926 and is based in Dusseldorf, Germany. As of December 5, 2008,...

Kasernenstr. 10

Dusseldorf,  40213

Germany

Founded in 1926

Phone:

49 211 8984 0

Fax:

49 211 8984 1222

Key Executives for TARGOBANK AG & Co. KGaA

Executive Officer
Chairman of Executive Board
Compensation as of Fiscal Year 2014.

TARGOBANK AG & Co. KGaA Key Developments

Targobank Announces Unaudited Earnings Results for the First Half Ended June 30, 2014

Targobank announced unaudited earnings results for the first half ended June 30, 2014. Net banking income increased by EUR 8.7 million or 1.2% to EUR 686.3 million due to the improvement in loan commissions. Net income stood at EUR 136.1 million in the first half of 2014, up 9.4%.

TARGOBANK AG & Co. KGaA Reports Audited Earnings Results for the Year Ended December 31, 2012

TARGOBANK AG & Co. KGaA reported audited earnings results for the year ended December 31, 2012. For the year, the company’s net banking income was €1,298 million compared with €1,345 million the previous year. Due to stable expenses and a favorable trend in net provision allocations/reversals for loan losses, net income rose by 3.8% to nearly €275 million.

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