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. Adjusted for one-off costs, e.g. from the integration of BHW and VAT increase, the pre-tax profit rose by 13.9% to €246 million.

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.

This year, Deutsche Postbank AG intends to use its improved selling potential and grow further.

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.