Deutsche Postbank
 |
|
Headquarters in Bonn
|
|
| Aktiengesellschaft | |
| Traded as | : DPB |
| Industry | Financial services |
| Founded | 1990 |
| Headquarters | Bonn, Germany |
|
Key people
|
Frank Strauss (CEO and Chairman of the executive board), Rainer Neske (Chairman of the supervisory board) |
| Products | Retail banking, insurance, loans |
| Revenue | €3.805 billion (2010) |
| Profit | €141 million (June 2016) |
| Total assets | €148 billion (June 2016) |
| Total equity | €5.627 billion (end 2010) |
|
Number of employees
|
19,000 (June 2016) |
| Parent | Deutsche Bank |
| Website | www.postbank.com |
Deutsche Postbank AG is a German retail bank with headquarters in Bonn. Postbank was formed from the demerger of the postal savings division of Deutsche Bundespost in 1990. It became a wholly owned subsidiary of Deutsche Post in 1999, and was partially spun out on the in 2004. Deutsche Post retained a controlling stake of 50% plus one share until September 2008, when 30% of this was sold to Deutsche Bank for €2.8 billion. Deutsche Bank gained a majority stake in the firm through a tender offer completed in December 2010, and exercised its option to acquire the remainder of Deutsche Post's holding in 2012. In the end, the total purchase cost Deutsche Bank €6 billion.
The Postscheckdienst was introduced in 1909 by the German Reich establishing accounts for payment transactions by mail and linking postal and banking services in German states.
In 1990, following the German Postal Services Restructuring Act (Poststrukturgesetz) of 1989, the German Postal Service (Deutsche Bundespost) was divided into three companies, Deutsche Post, Deutsche Telekom and Postbank. Later that year, Deutsche Post Postbank of the former East Germany was merged with Postbank. From 1990 to 1997, Dr. Guenter Schneider was chairman of the board. The first board of Postbank consisted of Guenter Schneider, Rudolf Bauer and Bernhard Zurhorst.
On 1 January 1995, following the new postal reform legislation (Gesetze zur Postreform II) of 1994, Postbank became an independent, . Postbank then extended operations, and engaged in loans, insurance and homes savings.
...
Wikipedia