What is "dekabank"

DekaBank is the Wertpapierhaus (Provider of Asset Management and Capital Market Solutions) of the German Savings Bank Finance Group. Together with its subsidiaries it forms the Deka Group, which has total customer assets of around EUR 220 billion (as at 31 December 2014) and around four million securities accounts, making it one of the largest securities services providers in Germany. It provides retail and institutional investors access to a wide range of investment products and services.

DekaBank was formed as a first private bank in Azerbaijan in 1989. Until the collapse of the USSR it served as a cooperative bank, whereas the Central Bank of Azerbaijan issued a license in 1992 which granted rights to the bank to offer all kinds of commercial banking services.