DB private and corporate customer bank

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  DB Privat- und Firmenkundenbank AG
logo
Country GermanyGermany Germany
Seat Frankfurt am Main
legal form Corporation
Bank code 380 707 24
BIC DEUT DEDB XXX
founding 17th September 1995
resolution May 15, 2020
Website www.deutsche-bank.de
management
Board Manfred Knof (Chairman)
Supervisory board Karl von Rohr (Chairman)

The DB retail and corporate customers Bank AG (short DB PFK ) was a wholly owned subsidiary of the German Bank AG and wrapped branch business with private and business customers in Germany under the brand names German Bank and Postbank from. The merger with Deutsche Bank AG was entered in the commercial register on May 15, 2020.

history

Bank 24 (1995-1999)

From September 17, 1995, Bank 24 Aktiengesellschaft , started as a direct bank subsidiary of Deutsche Bank with bank code 380 707 24 and BIC DEUTDEDB, offered services for a limited range of products via telephone and internet. Initially the seat was in Bonn , from 1999 in Frankfurt am Main . Even if the direct business developed better than expected, the strategy of the bank at the end of the 1990s provided for a focus on the wealth, corporate and investment business, especially since the branch business was viewed as insufficiently profitable.

Deutsche Bank 24 (1999-2002)

On September 1, 1999, Deutsche Bank AG spun off the private customer and branch division and transferred it to Bank 24, which was also renamed Deutsche Bank 24 Aktiengesellschaft and now served 6.8 million customers. While the wealthy private customers were excluded from the spin-off, the branches were renamed Deutsche Bank 24. In addition to the option of selling part or all of the new company on the stock exchange, they were looking for a partner and believed they had found one in Dresdner Bank , which was pursuing a similar strategy. However, the merger did not materialize in the end. The first spokesman for the board of DB24 was Herbert Walter , who later became chairman of the board of Dresdner Bank and was involved in the merger plans of both institutes. After Josef Ackermann headed the board of the parent company since May 2002, there was a change in strategy, as the private customer area had meanwhile developed into a lucrative business area.

Deutsche Bank Private and Business Customers (2002–2018)

Expanded to include the business customer area, from October 1, 2002, DB24 traded as Deutsche Bank Privat- und Gewerbekunden Aktiengesellschaft , under whose roof private banking and the online broker Maxblue were also merged. Since then, the company has concluded a domination and profit transfer agreement with the parent company.

Deutsche Bank Private and Business Customers did not have any foreign branches or subsidiaries. Activities in the field of private and business customers abroad are handled via (foreign) branches or subsidiaries of Deutsche Bank.

On May 25, 2018, Deutsche Postbank AG was merged with Deutsche Bank Private and Business Customers.

DB private and corporate customer bank (since 2018)

Immediately after the merger with Deutsche Postbank AG, the company was renamed DB Privat- und Firmenkundenbank AG . The Postbank is legally since May 25, 2018, branch and brand of DB private and corporate bank. On July 1, 2019, DB Privat- und Firmenkundenbank launched another service, Fyrst ( spelling FYRST ), with current accounts for freelance professionals and the self-employed .

The merger with Deutsche Bank AG was entered in the commercial register on May 15, 2020. The merger was intended in particular to cut costs.

structure

DB Privat- und Firmenkundenbank AG, based in Frankfurt am Main, formed a subgroup of the Deutsche Bank Group and had the following branches:

  • Postbank - a branch of DB Privat- und Firmenkundenbank AG, Bonn,GermanyGermany
  • DSL Bank - a branch of DB Privat- und Firmenkundenbank AG, Bonn,GermanyGermany
  • Postbank Luxembourg - a branch of DB Privat- und Firmenkundenbank AG, Munsbach, LuxembourgLuxembourgLuxembourg 

The BHW Bausparkasse AG , based in Hameln was a major subsidiary of DB AG PFK.

guide

Board spokesman

CEO

Web links

Commons : Deutsche Bank  - collection of images, videos and audio files

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ a b Imprint of DB Privat- und Firmenkundenbank AG .
  3. ↑ a b DB Privat- und Firmenkundenbank AG merges with Deutsche Bank AG. In: db.com. May 18, 2020, accessed May 18, 2020 (press release).
  4. ↑ Annual financial statements and management report of Deutsche Bank AG 2017. Deutsche Bank AG, March 12, 2018, accessed on May 28, 2018 .
  5. ^ Changes , DB Privat- und Firmenkundenbank AG, May 25, 2018. Entry in the register at the Frankfurt am Main District Court, file number HRB 47141. Retrieved from the company register on June 2, 2018.
  6. ↑ Imprint Postbank - a branch of DB Privat- und Firmenkundenbank AG, accessed on June 2, 2018.
  7. ↑ Elisabeth Atzler, Katharina Schneider: Deutsche Bank launches “Fyrst” digital bank and competes with fintechs. In: Handelsblatt , July 2, 2019, accessed on May 8, 2020.
  8. ↑ Consolidated financial statements for the 2019 financial year of DB Privat- und Firmenkundenbank AG. In: Bundesanzeiger , May 7, 2020. Retrieved May 8, 2020.
  9. ↑ https://www.db.com/newsroom_news/2019/deutsche-bank-stellen-neue-fuehrungsmannschaft-vor-de-11539.htm
  10. ↑ Yasmin Osman: Bafin gives the go-ahead for private customer manager Manfred Knof. In: Handelsblatt , January 14, 2020, accessed on May 8, 2020.

Coordinates: 50 ° 6 ′ 54.8 ″  N , 8 ° 38 ′ 30.6 ″  E