History of Postbank
Deutsche Bank Increases Share in Postbank to 93.7 Percent.
Deutsche Bank gains 27.4 percent of Deutsche Post from the maturity of a mandatory convertible bond and a further 12.1 percent through the exercise of a Deutsche Post put option. Since the end of 2010, Deutsche Bank has acquired a further 2.2 percent of the shares in Postbank and thus owns a total of 93.7 percent of Postbank shares.
Postbank Breaks the 5 Million Mark with its Private Customers’ Checking Accounts.
5 million checking accounts: as an independent bank, Postbank can thus further expand its market-leading position. Its market share is now 5.2 percent.
Postbank Expands its Branch Network and Opens First Self-Service Branch – Deutsche Bank Becomes Majority Shareholder
Postbank expands its branch network to more than 1,100 of its own branches. By the opening of the first self-service branch, Postbank tests an option for improving customer service and avoiding gaps in its coverage.
100 Years of Postbank – Assumption of the Settlement of HSH Nordbank’s Payment Transactions – Cash at Shell
Postbank marks 100th anniversary. By assuming the settlement of HSH Nordbank’s payment transactions, Postbank further expands its market leadership in payment transactions. Postbank customers can withdraw cash at 1,300 Shell stations.
Deutsche Bank Acquires Stake in Postbank
Deutsche Bank buys shares in Postbank from Deutsche Post. In addition, Deutsche Bank receives the option from Deutsche Post to increase its stake later on. At the same time, Deutsche Bank and Postbank agree close cooperation.
Postbank Develops New Branch Concept and Assumes HypoVereinsbank’s Payment Transactions
Through more service, better focus, new products, leaner processes, and a modern design, the branches better meet customers’ requirements. Postbank assumes the settlement of HypoVereinsbank’s payment transactions and thus further expands its market leadership in payment transactions.
Postbank Takes over BHW and 850 Branches of Deutsche Post AG and is Accepted into the DAX
The acquisition of BHW Holding AG by Postbank is finally completed. At the same time, Postbank takes over the 850 most attractive branches of Deutsche Post AG.
Postbank Announces Acquisition of BHW and Acquires the London Branch of ING BHF Bank as of January 1, 2005
On October 25, Postbank announces that it intends to acquire the 76.4 percent stake held by majority shareholders Beteiligungsgesellschaft der Gewerkschaften (BGAG) and Deutscher Beamtenwirtschaftsbund (BWB).
Postbank is on the Stock Exchange
On June 23, 2004, Postbank shares are introduced both to the floor and into XETRA. Thus, Postbank is the first big IPO in Germany for two years.
Postbank Adopts New Software for Checking Accounts
The program, jointly developed with SAP, processes the payment transactions and the account management for the Bank’s approximately five million internal and external accounts..
Postbank Establishes Postbank Vermögensberatung AG and Postbank Financial Services GmbH (Portfolio Management)
Postbank acquires two subsidiaries from Credit Suisse (Deutschland) AG and establishes Postbank Vermögensberatung AG for the mobile sale of its services. Financial Services GmbH, established in Frankfurt am Main, further develops strategies for securities business and risk management activities in the banking metropolis.
Postbank Expands Corporate Client Business and Acquires PB Capital Corporation in New York
Postbank enters the leasing and factoring business. By acquiring PB Capital Corporation in New York, it has a pillar for the corporate client business in the US market.
Postbank Enters Direct Brokerage
The Postbank subsidiary easytrade offers shares and funds over the Internet, by telephone, and through the Deutsche Post branches.
Deutsche Post Becomes Postbank Owner – Postbank Acquires DSL Bank
Deutsche Post becomes the owner of Postbank. Both companies decide upon a joint sales strategy.
Postbank Becomes Joint-Stock Company
It can expand its business areas and issues loans for the first time four months later. The course was already set for Postbank’s incorporation as a joint-stock company in February 1994 with the laws from the second phase of Germany’s postal reform.
Postbank is Established
Postbank becomes independent. In July 1989, the Postal Services Structure Act (Poststrukturgesetz) – which governs the split of the German Federal Postal Authority into the three companies Post, Telekom, and Postbank – came into effect. In 1990, Postbank becomes independent.
Introduction of Postal Savings Bank Service
The postal savings passbook, already popular in Austria, is introduced into the German Reich as well. Settlement takes place via the Postal Savings Bank in Vienna
Introduction of the Postal Check Service
Postbank transfers and check payments are introduced to the German Reich. Settlement takes place in 13 postal check offices.