BHW Bausparkasse

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  BHW Bausparkasse AG
logo
Country GermanyGermany Germany
Seat Hamelin
legal form Corporation
Bank code 254 102 00
BIC BHWB DE2H XXX
Website www.bhw.de
Business data 2016
Total assets 40.6 billion euros (2019)
insoles 23.4 billion euros (2019)
Customer credit 37.9 billion euros (2019)
Employee 515 (2019)
management
Board Henning Göbel (spokesman), Michael Ost, Dietmar König
Supervisory board Lars Stoy (Chairman)
Company headquarters in Hameln, Lubahnstraße 2

The BHW Bausparkasse AG is a German building society based in Hameln , in 1928 first as a non-profit organization of the German in Berlin officialdom arose. In January 2006, BHW was taken over by Postbank and has been a subsidiary of Deutsche Bank since its takeover in 2015 .

history

Official home work

The company was founded in 1928 on the initiative of Johannes Lubahn as "Beamtenbausparkasse, Heimstättengesellschaft der Deutschen Beamtenschaft mbH", or BBS for short , in Berlin. The shareholders were the German Civil Service Association , the General German Civil Service Association and the German Civil Service Association . Lubahn became chairman of the board of directors consisting of four managing directors. The other three board members were Ernst Remmers , Albert Falkenberg and Max Wagner. The BBS was recognized as the only salary assignment office within the meaning of Section 2 of the Official Home Office Act on May 19, 1928 and worked on a non-profit basis. This gave the Beamtenbausparkasse a privilege that the other building societies had been trying to achieve for decades. In addition, there was a system of quasi voluntary employees in the authorities, so-called shop stewards, which made it possible to keep the number of employees in the advertising department relatively low. The Beamtenbausparkasse was thus able to keep the spread between credit and loan interest unrivaled low.

On November 10, 1933, the business shares of the founding shareholders were forcibly transferred to the newly founded Reichsbund der Deutschen Officials ( Reichsbund der Deutschen Officials ) and the company was renamed the Official Home Office of the Reichsbund der Deutschen Officials, body for the implementation of the Beamtenheimstättengesetz, Bausparkasse GmbH (BHW).

In 1945 the assets of this partner were confiscated in accordance with the Control Council Act No. 2 , Appendix 30, passed by the Allied Control Council on October 10, 1945 . In the Soviet zone , it was completely expropriated. After the company had set up a main zone administration in 1947 as a prerequisite for the approval of the military administration for the restart of operations in Hameln , Reinhard A. Bitter was trustee for the western zones until the handover to the new shareholders in 1951 . Legally, it was a branch. Relocation of the company's headquarters to Hameln failed in 1950 because the Berlin Senate and the Berlin supervisory authority refused to give their consent. The old building society savers were informed in March 1948 in a circular that full business operations had been resumed under the company name "Beamtenheimstättenwerk, Organ for the Implementation of the Beamtenbausparkasse GmbH, Berlin and Hameln".

On March 17, 1951, the Berlin Commission for Claims on Assets, according to the Control Council Directive No. 50, resolved a share of the BHW in the amount of RM 10,000 each to the Deutsche Beamtenbund in Cologne-Deutz and the asset and trust company des, in accordance with the original share capital of 20,000  RM German trade union federation in Düsseldorf as the successor to the founding organizations from 1928. The Commission's decision was approved by the British Military Government on March 22, 1951 and took effect on April 1, 1951. In 1955, the company in Hameln was able to move from offices scattered across the city to the first administrative building in West Germany. Today it is the town hall of Hameln.

In 1976 BHW lost its non-profit status and the associated tax exemption. Although it was only accessible to civil servants and members of the public service as a self-help facility, a “generous interpretation process” opened up to employees of at least some of the state-owned companies such as Volkswagen , Lufthansa or RWE . With a contract portfolio of 92 million marks, BHW overtook Wüstenrot in the same year and became the largest German building society.

In 1982, BHW opened up to customers outside the public service with the establishment of the Allgemeine Heimstättenwerk (AHW). In 1985, as part of the Neue Heimat affair , the DGB decided to bring Volksfürsorge Bausparkasse into BHW as well.

IPO and takeover

In 1990, approval was given to start business operations in the GDR and BHW Holding GmbH was founded, which was later converted to BHW Holding AG . In 1997 BHW went public . A short time later, the share was included in the MDAX , the second most important leading value index on the Frankfurt Stock Exchange . When the MDAX was downsized in 2003, BHW Holding was listed in the SDAX index . The successors to the founding organizations were major shareholders until December 2005. These included the subsidiary of the trade unions BGAG with 39.8 percent of the share capital and the Deutsche Beamtenbund with 36.6 percent. In March 2005, Postbank took over 9.2 percent of the shares in the Ergo insurance group . In October 2005, Postbank announced that it would take over 76.4 percent of BGAG and the Association of Officials. The contract was completed on January 2, 2006 after the ailing Allgemeine Hypothekenbank Rheinboden had been spun off from the BHW Group in November / December 2005 . In January 2006, after taking over approximately 91 percent of the share capital in BHW Holding, Deutsche Postbank submitted a mandatory offer to buy up the remaining shares in free float ; 15.04 euros should be paid per share. In February 2006 it became known that Postbank already held more than 95 percent of the shares, which is why BHW Holding shares were removed from the SDAX on February 21, 2006; The successor was the DIY chain Praktiker . In mid-2007, the Hanover-based Talanx Group took over the life insurer BHW Leben and 50 percent of the PB insurance companies, half of which Talanx already owned, for 550 million euros. In February 2008 the share was taken off the stock exchange after a squeeze-out of the remaining small shareholders took place. Together with Postbank, BHW Bausparkasse was also taken over by Deutsche Bank.

Until 2019, BHW Kreditservice GmbH took on the management of customers from other mortgage banks and building societies such as B. Axa Bausparkasse and DSL Bank (so-called credit processing as an outsourcing service).

DB Bauspar , which belongs to the Deutsche Bank Group, sold home loan and savings contracts under the BHW brand from January 6, 2014 to December 31, 2015, and in 2019 both providers were merged under the BHW name.

Employee numbers

The following information shows the full-time equivalent number of employees at BHW Bausparkasse. The reference date was December 31 of each year.

year Number of employees
2004 5191 (BHW group as a whole)
2009 1652
2010 1545
2011 1473
2012 406
2013 372
2014 345
2015 373
2016 369
2018 349
2019 515

Termination of contracts in 2014

At Christmas 2014, many building societies began to settle home loan and savings contracts that had reached the savings target, or contracts for which no further claim to a loan could be made. Since the interest rates are above the current market level, the consumer protection associations recommend that customers who want to keep the account object to the closure of the account. However, it is important to also keep an eye on the loan interest; this is high for old contracts. Here, the termination of the old contract with reallocation of the credit into a current building society account can pay off for the customer. At the end of 2014, BHW also terminated building society savers whose building society loan agreements had been ready for allocation for at least 10 years, but remained unused. However, many customers did not accept this unilateral decision. In July 2015, BHW sent crossed checks to the stubborn building society savers in order to finally terminate contracts.

Web links

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ a b c d e f Annual Report of BHW Bausparkasse 2019 (PDFB) Retrieved on June 6, 2020.
  3. ^ Annual report of BHW Bausparkasse 2016 (PDF file; 587 kB) Retrieved on April 27, 2016.
  4. ↑ Tremendous advantages . The mirror . March 7, 1977. Retrieved June 6, 2020.
  5. ↑ 90 years of BHW (PDF) BHW Bausparkasse. April 21, 2019. Accessed June 6, 2020.
  6. ↑ DGB sells building society . The mirror . December 23, 1985.
  7. ↑ Postbank integration costs an additional 1,300 positions . The world . July 1, 2019. Accessed June 6, 2020.
  8. ↑ DB Bauspar and BHW Bausparkasse merge - milestone in the integration of Postbank . Deutsche Bank . May 14, 2019. Accessed June 6, 2020.
  9. ↑ Annual report of the BHW Group 2004/2003 . Archived from the original on February 2, 2014. Retrieved July 15, 2011.
  10. ↑ a b Annual Report of BHW Bausparkasse 2010 ( Memento from February 14, 2013 in the Internet Archive )
  11. ^ Annual report of BHW Bausparkasse 2011 (PDF file; 3.5 MB) Archived from the original on July 22, 2012. Retrieved on July 11, 2012.
  12. ^ Annual report of BHW Bausparkasse 2012 (PDF file; 1.7 MB) Retrieved on September 19, 2013.
  13. ↑ Annual report of BHW Bausparkasse 2013 (PDF file; 2.8 MB) Retrieved on July 23, 2014.
  14. ↑ Annual report of BHW Bausparkasse 2014 (PDF file; 1.8 MB) Retrieved on April 22, 2015.
  15. ↑ Annual report of BHW Bausparkasse 2015 (PDF file; 2.1 MB) Retrieved on April 27, 2016.
  16. ^ Annual report of BHW Bausparkasse 2016 (PDF file; 587 kB) Retrieved on April 29, 2017.
  17. ↑ Wirtschaftswoche : Consumer advocates warn against BHW checks. Retrieved August 14, 2015.

Coordinates: 52 ° 6 '24 "  N , 9 ° 23' 38.3"  E