DekaBank opts for the IFRS solution from FERNBACH

25.04.2005

DekaBank Deutsche Girozentrale Luxembourg S.A. (DekaBank) is going to implement the FERNBACH solution FlexFinance® IFRS in order to meet the requirements of the banking supervisors in Luxembourg while, at the same time, fulfilling the regulations of modernisation/fair value guideline and the requirements of IFRS.

DekaBank Deutsche Girozentrale Luxembourg S.A. is a wholly-owned subsidiary of the DekaBank group, Frankfurt. The bank emerged at the beginning of 2002 as a result of the merger between Deutsche Girozentrale International S.A. and DekaBank (Luxembourg) S.A. and, since then, it has been combining the competences of the two companies at the Luxembourg location. With the merger, the bank moved into its company headquarters on Plateau de Kirchberg, the banking and finance centre at the gateway to the capital city of the Grand Duchy. From here, it operates the four key areas of private banking, depository management and custodianship, trading and lending business.

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