January
2007 |
Postbank takes over payment transactions for HypoVereinsbank
In line with this agreement, Postbank is further expanding its market leadership with regard to payment transactions and is ensuring a good starting position for further expansion following the standardization of the European payment transaction market. |
September
2006 |
Inclusion in the DAX
Within only two years of its IPO, Postbank has gained entry into the DAX, Germany’s most important stock market index. As the Postbank share price has more than doubled since June 2004, Postbank now meets the market capitalization requirement in addition to the trading volume criterion. |
January
2006 |
Postbank acqires BHW and 850 branches of Deutsche Post
The purchase of BHW Holding AG by Deutsche Postbank AG is definitely concluded. Postbank also acquires the 850 most attractive branches of Deutsche Post. |
November
2005 |
Migration to SAP software concluded
On November 5 and 6, following checking, loan and savings accounts, deposit accounts are to be migrated to SAP "Deposits Management" software. By using standard software across the company, Postbank saves considerable costs. |
October
2005 |
Postbank acquires BHW
On October 25, Postbank announced its intention to acquire the 76.4 percent stake in BHW owned by the union participation companies Beteiligungsgesellschaft der Gewerkschaften (BGAG) and Deutscher Beamtenwirtschaftsbund (BWB). Subject to anti-trust and supervisory approval, Postbank intends to implement the legal transition for BHW on January 1, 2006. |
January
2005 |
Ten years of Deutsche Postbank
On January 1, 1995, the Federal Minister of Post of the day, Wolfgang Bötsch, launched Postbank as an independent successor company to Deutsche Bundespost Postbank. |
June
2004 |
Postbank is at the stock exchange
On June 23, 2004, the Postbank share is offered on the trading floor as well as in XETRA. Thus the Postbank IPO is the first large stock market launch in Germany since 2 years. |
March
2004 |
Postbank floats on the stock exchange before the summer break
At the balance sheet press conference on March 24, 2004, the Chairman of the Management Board, Prof. Dr. Wulf von Schimmelmann, announces the IPO of Deutsche Postbank AG. |
December
2003 |
Postbank increases number of customers
Postbank has more customers than any other bank in Germany at 11.5 million. |
October
2003 |
Switch to new software for checking accounts
The program, developed in conjunction with SAP, processes payment transactions and account management for just under five million internal and external accounts held at the Bank. |
April
2003 |
Figures for 2002
With earnings before taxes of € 399 million for fiscal 2002, Postbank unveils the best result in the history of the Bank. |
September
2002 |
Branch office in Frankfurt
Postbank opens a branch office in Frankfurt am Main/Germany which is tasked with the strategic development of Postbank's securities business and risk management activities in Germany's banking capital. |
May
2002 |
First rating of Standard & Poor's
Postbank is rated by Standard & Poor's for the first time, and receives a top rating in the peer group comparison. |
April
2002 |
Financial statements for 2001
Postbank presents its financial statements for 2001, the highest profits ever in the history of the bank. Pre-tax profits rose by almost 47 percent over the previous year. |
July
2001 |
Postbank purchases BHF (USA) Holdings Inc.
Postbank purchases BHF (USA) Holdings Inc. and its operating units from BHF-Bank in Frankfurt. This gives it a strategic platform to enter into logistics financing at international level, particularly on the US market. |
| November 2000 |
Postbank accompanies IPO of Deutsche Post
Postbank subsidiary easytrade is co-lead manager for the successful IPO, and is already one of Germany's leading online brokers by the end of 2000. |
| September 2000 |
Entry into direct brokerage
Postbank subsidiary easytrade offers stocks and funds via internet, telephone and Deutsche Post branches. |
June
1999 |
Postbank acquires DSL Bank
Postbank and the German Federal Ministry of Finance reach agreement on the sale of the government's shares in DSL Bank to Postbank. |
| January 1999 |
Deutsche Post becomes owner of Postbank
Both companies adopt a joint sales strategy. |
| January 1995 |
Postbank becomes a joint stock company
It is permitted to extend its operating areas and grants loans for the first time four months later. In the same year, it sets up collaborations in the insurance and home savings areas. The foundations for the conversion of Postbank to a joint stock company were set back in February 1994 with new postal reform legislation (Gesetze zur Postreform II). |
| January 1990 |
Postbank established
The German Postal Services Restructuring Act (Poststrukturgesestz) paved the way for Postbank's independence. It came into force in July 1989, and regulates the division of Deutsche Bundespost into three companies: Post, Telekom and Postbank.
In 1990, Deutsche Post Postbank of the former East Germany is also merged with Postbank.
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