Dec. 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.
Dec. 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.
Dec. 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. The aim of the program is to make Postbank number one for liquidity and finance management by focusing more strongly on customers.