Deutsche WertpapierService Bank

dwpbank in its present form was created on 4 August 2003 from the merger between Bank für Wertpapierservice und -systeme AG, Frankfurt (bws bank) and WPS WertpapierService Bank AG, Düsseldorf (WPS Bank). The predecessor institutes already started in mid-1998 as pioneers in transaction banking. At the time of foundation, the shares were distributed to Sparkassenverband Westfalen-Lippe, Münster with 25%, Rheinische SGV, Düsseldorf with 25%, DZ Bank, Frankfurt with 40% and WGZ-Bank, Düsseldorf with 10%. Thus, the ownership structure was divided equally between the Volksbanks and Sparkassen Gruppe. However, the ownership structure is open to other owners.

In March 2007, dwpbank expanded through the acquisition of TxB Transaktionsbank GmbH. TxB, which was initially a wholly owned subsidiary of dwpbank-Gruppe, was merged into dwpbank on 25 August 2008.

Locations

Headquarters is Frankfurt am Main. dwpbank now has branches in the following locations:

Munich

Düsseldorf

Hamburg - closed 30. Juni 2010

Securities settlement systems

dwpbank operates the securities settlement system WP2 with an estimated around 230,000 users. By the end of 2010, several other accounting systems were consolidated on the central IT platform WP2. The accounting program WVS was consolidated until 2010, BSV already in 2007. Dresdner Bank's WP chain system was consolidated in 2007. TxB WIS and EWS PLUS systems were upgraded in 2007 (EWS PLUS) and 2010 (WIS) to WP2.