December 20, 2007
Deutsche Postbank AG has been authorized to issue Pfandbrief mortgage bonds with immediate effect. A corresponding license was granted by the German Federal Financial Supervisory Authority (BaFin) on December 19. The rating agencies Fitch Ratings, Moody’s and Standard and Poor’s gave the highest rating of “AAA” to Postbank’s current covering assets for the issue of Hypothekenpfandbriefs in the amount of €1.8 billion. This means that Postbank can offer Pfandbriefs of this quality right from the start.
December 13, 2007
In its meeting on December 11, 2007, the BHW Bausparkasse AG Supervisory Board appointed Hans-Joachim Gasda (58), currently the acting Chairman of the Management Board, to be the new Chairman of the Management Board.
December 06, 2007
Postbank intends to further expand its position on the German banking market with its further developed strategy. To this end, the Bank has launched a program called “Next Step” that includes all of its units.
November 08, 2007
Deutsche Postbank AG is continuing to grow. Despite intense competition in the retail banking sector and the turbulent capital market environment, Postbank increased its profit before tax for the first nine months by 24.6% year-on-year to €806 million.
November 07, 2007
Good news for all Postbank customers eagerly waiting the iphone sales launch in a few days: Postbank, a pioneer of mobile banking, is ready for the iphone and is set to become the first German bank to provide a suitable banking solution for the device.
October 12, 2007
On Friday, Postbank introduced its new branch concept in Berlin. By applying a modern look, banking services are to be brought more into the foreground, without overshadowing the services of Deutsche Post and other partners in the branches.
October 8, 2007
Deutsche Postbank AG has doubled its commercial real estate financing volume in the space of just a few years, with domestic and foreign business increasing from EUR 4.8 billion at year-end 2003 to EUR 9.6 billion as of June 30, 2007.
October 2, 2007
Deutsche Bank, Deutsche Postbank and ING today announced their principles for bilateral interbank Single Euro Payments Area (SEPA) clearing.
October 1, 2007
Postbank has now taken another step in extending its security standards in online banking. With the introduction of EV-SSL certificates (Extended Validation Secure Sockets Layer), it is now possible to make the authenticity of the bank’s website even more clear to the customer.
September 21, 2007
Deutsche Postbank AG and the HUK-COBURG insurance group have agreed a long-term sales partnership. From October 2007, Postbank will sell HUK-COBURG car, liability and property insurance policies exclusively via its sales channels. Conversely, HUK-COBURG will exclusively offer retail banking products from Postbank such as current accounts via its sales channels.
August 23, 2007
Deutsche Postbank AG is looking at expanding its business model in Transaction Banking into Europe in 2008. This was announced to journalists in London by Dr. Mario Daberkow, Managing Director of "Services" at the Bonn-based bank.
August 23, 2007
Deutsche Postbank AG has successfully expanded its business with corporate customers. Speaking to journalists in London, Stefan Jütte, Managing Director for Lending, reported that the Bonn-based bank was performing particularly well in the lending business with German small and medium-sized enterprises.
August 23, 2007
Deutsche Postbank AG intends to continue to build on its leading role in German retail banking. To this end it has launched a “Next Step” program, which aims to reposition the bank’s overall strategy and to carry out detailed action programs for the individual divisions by the end of the year.
July 30, 2007
Deutsche Postbank AG grew further in the first half-year. Against the first half-year of 2006, it increased its pre-tax profit despite financial burdens such as integration costs and the effects of the VAT increase by 6.8 percent to €456 million.
July 18, 2007
Deutsche Postbank AG, Bonn, is to reposition itself in the insurance sector, and has agreed on the sale of its insurance business to Talanx AG, Hanover.
July 18, 2007
Deutsche Postbank AG, Bonn, is to reposition itself in the insurance sector and has agreed on the sale of its insurance business to Talanx AG, Hanover.
June 29, 2007
Dr. Wolfgang Klein will become the CEO of Deutsche Postbank AG on July 1. He will be succeeding Prof. Wulf von Schimmelmann, who resigned his office as of June 30. Klein sees it as his main responsibility to defend and expand Postbank's leading position in retail banking.
May 14, 2007
In the first quarter of 2007, Deutsche Postbank AG improved further. Despite fiercer competition, it generated a pre-tax profit of €222 million, 7.2% up year-on-year.
May 10, 2007
The more than 1,000 shareholders present at the Annual General Meeting of Deutsche Postbank AG in Cologne approved the proposed resolutions of the Board of Management and Supervisory Board with a large majority.
May 10, 2007
The Executive Committee of the Supervisory Board of Deutsche Postbank AG today proposed to the Control Committee of the Bank that two new people be appointed to the Board of Management as of July 1, 2007.
March 28, 2007
Deutsche Postbank AG will participate in Hypoport AG, Berlin, with a 9.5 percent (600,000 shares) stake. The share purchase agreement was signed on March 26, 2007.
March 23, 2007
Deutsche Postbank AG has completed restructuring at its Luxembourg location early. Since the beginning of the year, all business activities have been concentrated at Deutsche Postbank International S.A. (PBI). Originally there was a branch of the German parent company. This was closed in May and its banking activities transferred to PBI.
March 19, 2007
Despite the double burden of integrating BHW and the 850 Deutsche Post retail outlets, Postbank made good progress in fiscal 2006. Business with customers grew in almost all areas, resulting in the Bonn-based bank achieving the best result in its history in 2006: pre-tax profits were up 31.6 percent on the figure for the previous year at €941 million.
March 19, 2007
In 2006, Postbank achieved the best results in its history: pre-tax profits totaled €941 million, up 31.6 percent on the previous year (the comparative figures for 2005 are pro forma figures including theoretical amounts for BHW and the Deutsche Post retail outlets). The Bank’s other key figures are also extremely encouraging. The cost/income ratio improved from 75.0 percent to 68.3 percent, while the ratio for the traditional banking business, i.e. excluding transaction banking, fell by 6.8 percent to 66.7 percent. Return on equity before taxes increased by 4.0 percent to 18.9 percent.
March 16, 2007
In its meeting today, the Supervisory Board of Deutsche Postbank AG appointed Wolfgang Klein as the new Chairman of the Management Board of Deutsche Postbank AG effective July 1, 2007. He is thereby following Wulf von Schimmelmann, who resigned his position effective June 30, 2007 on Monday.
March 12, 2007
Wulf von Schimmelmann is exercising his contractual right to resign from his positions as Chairman of the Deutsche Postbank AG Management Board and as Management Board member at Deutsche Post AG as of June 30, 2007.
February 06, 2007
This year DSL Bank will be providing private housing loans backed with KfW funds. To this end Deutsche Postbank AG, of which DSL Bank is a division, and KfW Bankengruppe signed their first global housing loan agreement for EUR 700 million in Frankfurt today.
