The WGZ Bank is the umbrella organization of some 230 cooperative financial institutions in the Rhineland

Rhineland

Historically, the Rhinelands refers to a loosely-defined region embracing the land on either bank of the River Rhine in central Europe....

 and in Westphalia

Westphalia

Westphalia is a region in Germany, centred on the cities of Arnsberg, Bielefeld, Dortmund, Minden and Münster.Westphalia is roughly the region between the rivers Rhine and Weser, located north and south of the Ruhr River. No exact definition of borders can be given, because the name "Westphalia"...

. It is based in Düsseldorf

Düsseldorf

Düsseldorf is the capital city of the German state of North Rhine-Westphalia and centre of the Rhine-Ruhr metropolitan region.Düsseldorf is an important international business and financial centre and renowned for its fashion and trade fairs. Located centrally within the European Megalopolis, the...

. Through its subsidiaries, the company offers long-term real estate loans; services for the international currency financing business with member banks; and investment analysis and asset management services for private clients, as well as custodian for a number of funds in Luxembourg

Luxembourg

Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...

  As a wholesale bank, it acts as a trading partner in currency, foreign exchange, and capital markets, as well as in bond issuing and syndications.

From 2011 WGZ Bank and DZ Bank

DZ Bank

DZ Bank AG is an acronym for Deutsche Zentral-Genossenschaftbank . DZ Bank is the fourth largest bank in Germany by asset size and the central institution for more than 900 co-operative banks and their 12,000 branch offices...

merged their private banking businesses based in Luxembourg to further strengthen their operations in Germany.