DSL bank

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  DSL Bank
branch of Deutsche Bank AG
logo
Country GermanyGermany Germany
Seat Bonn
legal form branch
Bank code 380 107 00
BIC PBNK DEFF DSL
founding 1850
Website www.dslbank.de
management
Board of Deutsche Bank AG

The DSL Bank is a trademark and the name of a branch of Deutsche Bank . It specializes in real estate financing and personal loans; the financing is sold exclusively through independent financial service providers and affiliated car dealerships.

Until 1999, the Deutsche Siedlungs- und Landesrentenbank (DSL Bank) was a specialist bank under public law . The federal institution under public law that emerged in 1966 from the merger of Deutsche Siedlungsbank and Deutsche Landesrentenbank was privatized in 1999 and sold by the Federal Republic of Germany to Deutsche Postbank AG , which in turn was taken over by Deutsche Bank AG . Postbank had already merged DSL Bank in 2000 and retained the name DSL Bank as a brand and branch.

history

Prussia and the German Empire

The DSL Bank traces its history back to the year 1850, when the Prussian king founded the Prussian provincial pension banks by decree , with whose help the rural population got easier access to credit. This was done in particular to protect the landowners who had become independent as part of the liberation of the peasants from excessive credit and interest demands from the former landlords and large landowners. The landowners were compensated with the help of the Prussian state. Those who had received land paid a pension, which included a repayment quota, to the responsible pension bank to repay their debt. As a result, they had nothing more to do with the former landlord.

The Prussian Rentenbanken were state authorities and employed specialists with commercial and financial knowledge, but who were at their top administrative lawyers and civil servants. As an institution under public law, this enabled them to act both neutrally and assertively. The refinancing was largely based on the so-called sea ​​deal that had existed since 1772 . This institute had initially earned money from trading in the Baltic Sea (with salt, wax, and also with linen) and gradually developed into a state institution without private participation. Since the middle of the 19th century it had become the Prussian state bank and from 1866 the house bank of the North German Confederation. She took care of u. a. about maintaining the price of issued bonds and investing government funds. As a capital broker, the state bank was heavily involved in the credit financing of the rural settlement in Prussia. Since 1904 its official name was "Royal Sea Trade (Prussian State Bank)".

One can imagine the process of a “redemption” as follows: after the amount of the annual redemption pension was determined, the obligated party could immediately get rid of it by paying 18 times the amount. If he could not or would not do that, the Rentenbank stepped in as an institution that was detached from mutual interests. The bank paid the beneficiary every six months what he owed in pension, but under all circumstances not the whole, but only eight tenths of it. “So the person entitled has a loss; But the withdrawal of eight tenths [...] is so safe and convenient that he prefers the reduced amount to the full amount, so that he would have to worry about the correct receipt. "

The advantage of this procedure lay in the pension letters that were handed out to the beneficiaries, i.e. securities, roughly comparable to industrial stocks . The responsible Rentenbank gave him a bond over the capital with the obligation to pay interest on eight tenths of the actual pension amount at 4%. Interest coupons were included that any bank could redeem. In the Rentenbanks money stocks accumulated because the obligated parties initially paid more than the bank passed on. In principle, however, the pension banks were not allowed to earn anything for themselves from the money trade. Therefore, they canceled a number of annuity letters every year; that is, they paid off some of the beneficiaries' debt in full. When, after a while, all the pension letters were bought back and all creditors were satisfied, nothing was withdrawn from the pension debtors; their debt was paid.

By 1890, the "replacement" of the real loads according to the Stein-Hardenberg reforms was successfully completed. From now on, the state was concerned with creating new settler positions, for example in areas where the proportion of the German population was to be increased ( West Prussia , Posen ) or with the development and settlement of heath areas and moors ( Schleswig-Holstein , Hanover after 1866) . A law of 1891 created the so-called pension goods. These were hereditary and unsalable properties that were encumbered with a fixed pension.

If a landowner wanted to give something of his property or give it up entirely, he could turn to the Rentenbank of his province instead of selling it. This gave him up to three quarters of the calculated earnings value in annuity letters. But she also gave the farmer loans that could not be canceled as long as the new farmer was doing well. Such rents had a small to medium extent and were loaned by Prussia with 75 to even 90%, for which the state guaranteed. Even after the First World War , nothing fundamental changed in these procedures. The rural settlement was initially still primarily the responsibility of the states of the German Empire. But from 1925 the government of the Reich also participated. There was a big change in Prussia when the Rentenbanken in the provinces were dissolved by laws and ordinances in December 1927, January 1928 and March 1928. It was replaced by the “Preussische Landesrentenbank” with its headquarters in Markgrafenstrasse on Berlin's Gendarmenmarkt. The statutes of this institution were drawn up and came into force on August 1, 1931. The Deutsche Siedlungsbank, founded in 1930, also created an institute for financing rural settlements. The area of ​​responsibility of the Landesrentenbank was extended to the entire Reich in 1939 and the bank was renamed Deutsche Landesrentenbank.

After the Second World War

After the end of the war, the claims of the Deutsche Siedlungsbank in the Soviet occupation zone were transferred to the Deutsche Investitionsbank by an ordinance of the government of the GDR of January 26, 1946. A joint custodian administration for the Deutsche Landesrentenbank and the Deutsche Siedlungsbank was formed in 1946 for the parts of the business that remained in the British occupation zone, and this had extended to the American occupation zone since 1949. Its seat was Lotte in the Tecklenburg district , the place of residence of the then syndic of the Deutsche Landesrentenbank. In order to be able to involve the Deutsche Siedlungsbank in the disbursement and administration of the settlement funds set for the first time in the federal budget in 1950, it received approval for new business on July 9, 1952. Her seat was moved from Lotte to Bonn.

With a law from 1953, both institutes were continued in the territory of the FRG and, as the Deutsche Landesrentenbank as well as the Deutsche Siedlungsbank, were given the special mandate to integrate and settle refugees and displaced persons from the formerly German areas with the help of public funds to promote rural areas. The settlement bank was subordinated to the Ministry of Agriculture, while the Landesrentenbank was assigned to the Ministry of Finance. The two institutes operating in the same business area were merged in 1966 to form the Deutsche Siedlungs- und Landesrentenbank (DSL Bank).

Former administration building of the Deutsche Siedlungs- und Landesrentenbank in Bonn, Kennedyallee 64–70 (2014)

After the statutory mandate had largely been fulfilled, the federal government passed a law in 1981, giving the bank greater freedom of action, which enabled it to enter the general lending business. The first partial privatization took place in 1989, when the shares were widely distributed via an intermediate holding company. However, the federal government retained the majority. Only in 1999 was the law repealed for the DSL Bank (law on the conversion of the Deutsche Siedlungs- und Landesrentenbank into a stock corporation of December 16, 1999) and the sale to Postbank took place, whereby the compensation offer to the free shareholders sparked discussions . In the last year before the merger, the bank had total assets of DM 168 billion and 744 employees.

In 2018, the building finance portfolio amounted to 49 billion euros (2017: 46.1 billion). A large part of the business activity is processed centrally in Hameln, the personal loan applications are processed through the service center in Dortmund. In addition, DSL Bank has branches in Berlin, Bielefeld, Dortmund, Düsseldorf, Erfurt, Frankfurt, Hamburg, Hanover, Cologne, Leipzig, Magdeburg, Munich, Münster, Nuremberg, Schwerin and Stuttgart. From there, both the support of the connected financial service providers and mostly the processing of the submitted mortgage applications take place.

literature

  • Reprint no. 25 DEUTSCHE SIEDLUNGSBANK 1930–1960 of the Institute for Settlement and Housing at the Westphalian University of Münster from 1960, p. 15 ff.
  • Wolfgang Hanf: A bank as an institution under public law: with special consideration of partial privatization, illustrated using the example of today's Deutsche Siedlungs- und Landesrentenbank , Lang, Frankfurt 2006, ISBN 978-3-631-55980-2 .
  • Olaf Schmidt: The DSL bank model , Duncker & Humblot, Berlin 1992, ISBN 978-3-428-07417-4 .
  • Horst Knörrich: The Preussische Landesrentenbank , Junker and Dünnhaupt Verlag, Berlin 1937.

Web links

Individual evidence

  1. a b Master data of the credit institute at the Deutsche Bundesbank
  2. http://www.dslbank.de/unternehmen/geschichte.html
  3. ^ A b DSL Bank: DSL Bank's business model. Retrieved September 5, 2019 .
  4. ^ Walter Girnth: 100 Years of the Landesrentenbank . Bonn 1953, p. 33
  5. ^ Documentation of the German Bundestag , accessed on January 29, 2010.
  6. Welt online from July 2, 1999 (accessed July 30, 2009)
  7. Die Bank: The 100 largest German banks  ( page no longer available , search in web archivesInfo: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice.@1@ 2Template: Dead Link / www.bdb.de