branch of Deutsche Bank AG
Postbank headquarters in Bonn
|Bank code||380 100 53|
|BIC||PBNK DEFF 380|
|Business data 2015|
|Total assets||150.597 billion euros|
|insoles||119.150 billion euros|
|Customer credit||98.397 billion euros|
|Board||of Deutsche Bank AG|
Postbank is a trademark and the name of a branch of Deutsche Bank . Focus is the standardized retail banking business , besides it is bank of Deutsche Post .
In the course of the second postal reform of 1994 with the Postal Structure Act, Postbank emerged as one of three companies from the privatization of the Deutsche Bundespost , a formerly unincorporated federal fund . As Deutsche Postbank AG, it was the legal successor to the state-owned Deutsche Bundespost Postbank, which was formed from the postal giro and postal savings bank offices as part of the first postal reform in 1989 .
From 2009 to 2015, Postbank was gradually taken over by Deutsche Bank and merged in 2018 with DB Privat- und Firmenkundenbank , which in turn was merged into Deutsche Bank AG on May 15, 2020, which became a postal successor by regulation .
In 1909 the postal check service was introduced in the German Empire . The background to this was the need for a range-wide cashless payment system that the existing banking system did not offer at the time. Everyone was entitled to a postal check account from which cashless payments could be made. Transfers, check submissions and account statements were sent by post so that no branch network was necessary except for cash deposits and withdrawals. In this respect, Postbank, as the legal successor to the postal check offices, was the oldest direct bank in Germany.
A postal savings bank service was founded in Austria in 1883 and was introduced across the Reich on January 2, 1939 as a result of the unification of Austria with the German Reich in March 1938. A saver could make deposits and withdraw money at all German post offices. After the Second World War, the payment options were gradually expanded to include other European countries, so that savers in many European countries were able to withdraw money from their postal savings accounts in local currency free of charge.
In the mid-1980s, the postal check service was renamed to the contemporary term Postgirodienst , as the old term required an explanation and brought disadvantages in the course of increasing competition in the business with bank checking accounts. At that time, an overdraft of the account ( current account credit ) was generally not possible, at best a negative balance of 500 to a maximum of 1000 DM was tolerated. An overdraft facility was only available for employees of the Deutsche Bundespost through cooperation with the postal savings and loan associations .
Postbank is one of the pioneers in online banking . It first began in 1983 with an experiment on screen text . In the following years, online banking was continued under T-Online .
With effect from 1 July 1989, was German Federal Post Office by virtue Post Structure Act in train the first postal reform in three independently occurring in the market public companies ( part of special funds broken down). From then on, Postbank traded under the name Deutsche Bundespost POSTBANK ( DBP Postbank for short ) and began operations on January 1, 1990. It continued to handle postal savings and check services through the post offices.
As part of the second postal reform of 1994, the three Bundespost companies were converted into stock corporations and the Bundespost was dissolved. On January 2, 1995, Deutsche Postbank AG, the successor company of DBP Postbank , gained independence and a full banking license , which allowed Postbank to open up new business areas in the credit and securities sector.
Deutsche Postbank AG
Acquisition by Deutsche Post
In 1999, Deutsche Post AG acquired Postbank from the Federal Republic of Germany . In 2000, Postbank acquired DSL Bank . In 2001, Postbank founded PB Factoring and thus entered factoring .
Since paying out postal savings accounts abroad was time-consuming (bilingual forms had to be created and distributed along with the relevant instructions to foreign post offices), it was replaced by a worldwide validity card after the introduction of the Sparcard (see below).
As of January 1, 2004, Postbank took over the processing of payment transactions for Deutsche Bank and Dresdner Bank and outsourced them to the Operations Center for Banks (BCB).
initial public offering
On May 6, 2004, the then CEO of Deutsche Post AG (owner of Postbank), Klaus Zumwinkel , announced that Postbank would go public on June 21, 2004 and that up to 50 percent minus one Postbank share would be sold. The price range of EUR 31.50 to EUR 36.50 set in the first bookbuilding phase on June 6th was changed to EUR 28.00 to 32.00 on June 19th due to the low demand and the IPO was postponed to June 23rd .
In 2005 the takeover of BHW Holding AG was initiated. On March 21, 2005, Postbank took over 9.2% of the shares in BHW Holding AG from the Ergo Insurance Group . On October 25, a contract was signed with the holding company of the trade unions (BGAG) and the dbb ( Beamtenbund ) to acquire a further 76.4% of the shares in BHW Holding AG. This agreement was executed on 2 January 2006, bringing the Post Bank held 91.04% of the shares and thus the BHW - Group successfully took over.
At the beginning of 2007 the Postbank Vertriebsakademie GmbH was founded as the youngest subsidiary of Postbank. It bundles the educational activities at a central point and ensures the qualifications of the consultants. Due to the expansion of the training focus to include topics beyond sales, the name was changed to Postbank Akademie und Service GmbH in July 2010 .
The Deutsche Postbank share was listed on the DAX from September 18, 2006 to March 20, 2009 and then on the MDAX until December 9, 2010 .
In November 2008, 54.8 million new shares were issued as part of a capital increase. The gross issue proceeds amounted to around one billion euros. 99.3% of the new shares were taken over by Deutsche Post AG, which increased its stake in Postbank AG to around 62.3%.
Takeover by Deutsche Bank
Postbank commissioned the US investment bank Morgan Stanley to look for a merger partner. In September 2008 a takeover by Deutsche Bank was announced, which anticipated the offer of the major Spanish bank Santander . As a first step, Deutsche Bank wanted to acquire a 29.75 percent stake in Germany's largest branch bank . In the following twelve to 35 months, a further 20.25 percent plus one share should be acquired. The Postbank purchase was valued at more than EUR 8 billion. The positive vote of the Post Supervisory Board was announced on September 12, 2008.
In February 2009, the takeover plan was changed due to the financial crisis. In a first step, Deutsche Bank took over 22.9% of the shares. At the same time, a mandatory exchangeable bond, which will be exchanged for 27.4% of Postbank shares after three years, and share buy and sell options for a further 12.1% of Postbank shares were agreed between Deutsche Bank and Deutsche Post.
On February 25, 2009, Deutsche Post announced that the first tranche (22.9%) of Postbank shares had been transferred to Deutsche Bank. As of December 31, 2009, Deutsche Bank held 29.88% of Postbank shares with additional securities purchased on the stock market. In November 2010, Deutsche Bank acquired the majority of the shares and continuously expanded this majority. On February 28, 2012, it announced that it had now taken over Deutsche Post's full stake of 39.5% by means of mandatory convertible bonds and the put option of Deutsche Post and that it had bought further shares on the open market, so that the stake in Postbank is now split 93.7%. On March 30, 2012, the resolution on the conclusion of a domination and profit transfer agreement between Deutsche Postbank AG as the dependent company and DB Finanz-Holding GmbH as the controlling company was announced, to which the mandatory approval of the general meeting of Deutsche Postbank AG on June 5 2012 followed.
Deutsche Bank's plans to spin off Postbank again and transfer it into an independent company since the beginning of 2015 were specified in a special meeting on April 24, 2015 by the Deutsche Bank Supervisory Board to “ deconsolidate ” Postbank . The exact type of exit remained open at first. On December 21, 2015, the delisting from the Frankfurt Stock Exchange and the squeeze-out were completed with the entry in the commercial register. In 2016, Postbank was either to be listed on the stock exchange or sold to an investor, but the project was then postponed to 2017 due to the implementation rules for Basel III . However, on March 6, 2017, CEO John Cryan announced that Postbank would be merged with Deutsche Bank's private and corporate customer business, which was completed on May 25, 2018.
Effective May 25, 2018, was German Postbank AG to the branch business of Deutsche Bank subsidiary be operated German bank residential and business customers AG merged , the then DB retail and corporate customers Bank AG renamed. On the same day, Postbank - a branch of DB Privat- und Firmenkundenbank AG , which continues the Postbank brand, was entered in the commercial register .
On May 15, 2020 was DB retail and corporate customers Bank AG in turn to the German Bank AG merged, Postbank is now operated as a branch Postbank - a branch of the German Bank AG entered in the commercial register.
From 1990 to 1997, Günter Schneider was Chairman of the Board of Management (until 1994 as a board member of the Postbank General Directorate within the Federal Post Office, then of Deutsche Postbank AG). He was succeeded by Dieter Boening as CEO of Deutsche Postbank according to the 1999th From 2000 to 2007, Wulf von Schimmelmann was Chairman of the Board of Management, and Wolfgang Klein took over the position in the summer of 2007 . From July 1, 2009 to June 30, 2012, Stefan Jütte chaired the Postbank Management Board. On July 1, 2012, Frank Strauss took over as CEO of Deutsche Postbank AG.
With total assets of 147 billion euros, Deutsche Postbank AG was the eleventh largest bank in Germany at the end of 2016 .
In 2007, after the incorporation of BHW, Postbank had over 21,000 employees plus 4,500 freelance sales representatives who were bundled in Postbank Finanzberatung AG, based in Hameln .
|Total assets in billions of euros||132.61||128.25||140.28||184.88||202.91||231.21||226.60||214.68||191.94||193.82||161.51||155.45||150.60||147.20||145.345|
In the 2017 financial year, Postbank had around 13 million customers. Throughout Germany, Postbank operates 850 of its own branches and over 4,300 partner branches as well as 700 Postbank Finanzberatung advice centers. In addition, 2,500 mobile consultants are in use.
Postbank's products include checking accounts, credit cards, savings accounts, securities trading and loans, construction finance and insurance brokerage.
Since September 2017, customers can Postbank with the Android - App commercially pay without contact . Prerequisite is a Postbank Visa - credit card and a smartphone with NFC and at least Android 4.4. With the Postbank Finanzassistent app, you can pay at all contactless terminals worldwide .
The forerunner of the domestic cooperation was the cooperation with the Post-Spar- und Kreditvereinen (today PSD banks), which took over the financing of overdraft facilities for employees of the Deutsche Bundespost on their postal check accounts. This cooperation was discontinued as a result of the postal reforms in the mid-1990s.
Postbank continues to work with the Deutsche Post branches, so that cash deposits and withdrawals can be made there, just like at the bank counter. In some post offices, Postbank maintains its own or freelance financial advisors. In the course of the increasing abandonment of own branches of the Deutsche Post, which today largely offers its services through agencies, many Postbank services are also processed in these agencies. The larger branches now operate as Postbank Finance Centers, in which Deutsche Post services are also offered.
HUK-Coburg has been Postbank's sales partner since September 2007 , after having previously sold Postbank's entire insurance business to Talanx AG in mid-2007 . From October 2007, sales of motor insurance from HUK-Coburg began in the Postbank branches and on the Internet. Since 2008, all Postbank sales channels have been selling motor, liability and property insurance from HUK-Coburg exclusively . Conversely, the sales department of HUK-Coburg exclusively offers banking products for private customers of Postbank, for example current accounts.
Some events involving Postbank met with critical public reactions.
On January 1, 2008, Postbank introduced a new fee structure. Since then, savings accounts with a three-month notice period that were opened up until the 1990s were subject to monthly account management fees of EUR 1.00 until the credit was fully used up. The hurdles to avoid these costs were not very high: either a credit balance of more than 60 euros, at least one deposit or withdrawal in the last three years, or the account holder is a minor. The introduction of these new conditions remained hidden from many customers. The relevant information was given shortly before the end of 2007 in a letter that could easily be confused with advertising. The reference to the change in the fee structure was hidden in the text. This fee has not been charged since 2013.
DAX savings account
The product DAX-Sparbuch received massive criticism from consumer advocates because it did not generate the return that the advertising suggested. With the DAX savings book, investors should receive half of the rise in the DAX stock market index in addition to a base rate. Only on closer inspection or after the interest was credited did it become clear what this meant, namely that with an assumed linear DAX increase of 12% per year (i.e. about 1% per month) the investor would not be about 6% p. a., but only 0.5% p. a. additionally received. This was because the DAX bonus was calculated on a monthly basis. The increase in the DAX by 1% in one month therefore did not result in a bonus of 0.5% per month, but only 0.5% p. a. which corresponds to about 0.042% per month. The product has not been offered since January 2010. However, Postbank will continue to operate existing DAX savings books. The conditions have been changed: One tenth of the monthly DAX increase, but no more than 3%, is taken into account and credited every month. The minimum deposit has been reduced from 50,000 to 25,000 euros.
Misuse of customer data
In May 2010, Postbank was sentenced to a fine of € 120,000 for giving freelance employees of its sales subsidiary access to the account transactions of its customers until autumn 2009. The freelance employees should evaluate the account data in order to be able to offer the customers tailor-made products. After Stiftung Warentest criticized this in October 2009, Postbank blocked access to around 4,000 sales representatives.
Wrong advice from customers
Postbank was accused of having mediated risky and unsuitable fund investments for its customers for years. Many investors have therefore sued. ZDFzoom researched Postbank and broadcast the documentary Die Falschberater on October 2, 2013 . High-risk products were instead sold to older customers who expressly wanted a safe system. In order to protect themselves, the consultants had the consultation protocols signed blank. It was then entered that the customer was a speculative investor and had been informed about all risks.
Introduction of fees in 2016 contrary to contractual agreements
In a Dialogpost dated August 19, 2016, Postbank informed about new general account management fees as of November 1, 2016. These basic fees , which are now independent of incoming payments or salaries, should also apply to current account models that are "forever" and "permanent" and unconditional when the contract is signed "Free of charge as" special features "of the current account contract were guaranteed. The consumer center Hamburg intervened and successfully warned the Postbank for breach of contract .
Business identifier code and bank codes
|BIC||BLZ||place||Place the last three account numbers||comment|
|PBNK DE FF 380||380 100 53||Bonn||Headquarters|
|PBNK DE FF XXX||100 100 10||Berlin||100-119|
|PBNK DE FF XXX||200 100 20||Hamburg||200-209||checking accounts only|
|PBNK DE FF XXX||201 100 22||Hamburg||savings accounts only|
|PBNK DE FF XXX||250 100 30||Hanover||300-309|
|PBNK DE FF XXX||360 100 43||eat||430-439|
|PBNK DE FF XXX||370 100 50||Cologne||500-509|
|PBNK DE FF XXX||370 110 00||Cologne||Securities business|
|PBNK DE FF XXX||440 100 46||Dortmund||460-469|
|PBNK DE FF XXX||500 100 60||Frankfurt am Main||600-609|
|PBNK DE FF XXX||545 100 67||Ludwigshafen am Rhein||670-679|
|PBNK DE FF XXX||590 100 66||Saarbrücken||660-669||Overnight money accounts|
|PBNK DE FF XXX||600 100 70||Stuttgart||700-709|
|PBNK DE FF XXX||660 100 75||Karlsruhe||750-759|
|PBNK DE FF XXX||700 100 80||Munich||800-809||checking accounts only|
|PBNK DE FF XXX||701 100 88||Munich||savings accounts only|
|PBNK DE FF XXX||760 100 85||Nuremberg||850-859|
|PBNK DE FF XXX||860 100 90||Leipzig||900-909|
The exclusively communicated Business Identifier Code (BIC) used in business transactions is PBNK DE FF or long, eleven-digit PBNK DE FF XXX.
In total, Postbank is divided into 14 branches. The Deutsche Bundesbank has reserved the digits 100 for the Postbank for the digits of the bank code following the bank location . The last two digits of the bank code are formed from the first two digits of the old four-digit postcodes of the respective location.
Postbank has only had two account-keeping branches since 2012 :
- Hamburg for Hamburg Giro and Spar, Dortmund, Essen, Frankfurt, Hanover, Cologne, Ludwigshafen, Saarbrücken
- Munich for Munich Giro and Spar, Berlin, Karlsruhe, Leipzig, Nuremberg and Stuttgart
The last three digits of the account number identify the original branches.
The bank sort codes from 590 100 11 to 590 100 74 are used for Postbank ZV Collect. Postbank corporate customers receive one of these bank codes as their personal bank code, under which they can create and manage any number of virtual accounts in order to simplify their accounts receivable management .
In the 2001/02 and 2002/03 seasons, Postbank was a sponsor of the Frankfurt Lions ice hockey club . Deutsche Bank and its Postbank brand have been the shirt sponsor of the Bundesliga soccer club Borussia Mönchengladbach since July 1, 2009 . Postbank's commitment has been extended several times and ends with the 2019/20 season.
- Cash Group
- German Post of the GDR
- Deutsche Telekom
- Postbank high-rise (Berlin)
- Postbank high-rise (Essen)
- ↑ a b Master data of the credit institute at the Deutsche Bundesbank
- ↑ Group Annual Report 2015 (PDF; 4.65 MB)
- ↑ § 3 Ordinance on the determination of Deutsche Bank AG as the post office successor (PBNUBestV) of March 17, 2020. In: BGBl. 2020 I p. 523
- ↑ a b DB Privat- und Firmenkundenbank AG merges with Deutsche Bank AG. In: db.com. May 18, 2020, accessed May 18, 2020 (press release).
- ↑ Constanze Jung (Real.): Legal primer for young people . 22nd revised edition. INFO Verlagsgesellschaft, Karlsruhe 2001, ISBN 3-88190-023-3 , p. 134 .
- ↑ Postbank - Online Banking and Security
- ↑ Alexander Kuch: Btx: Videotext was the first German online service in 1983 . ( teltarif.de [accessed on January 7, 2019]).
- ↑ a b Ferdinand Kirchhof : Fields of activity of the Deutsche Bundespost POSTBANK (= Tübingen writings on constitutional and administrative law. Volume 10). Duncker & Humblot, Berlin 1990, ISBN 3-428-07057-7 .
- ^ Postbank Annual Report 1990. Bonn 1991, p. 22.
- ↑ Deutsche Postbank AG, press information, press archive, press release from December 18, 2001: Postbank enters factoring - PB Factoring GmbH starts in early 2002 / great growth potential / focus on the logistics sector. In: postbank.de. December 18, 2001, accessed February 12, 2015 .
- ↑ New Postbank SparCard with online conditions. Deutsche Postbank, July 1, 2002, accessed April 10, 2013 .
- ^ Nicole Bastian : Union criticizes Commerzbank. In: handelsblatt.com . June 10, 2009, accessed February 12, 2015 .
- ^ Postbank Group Annual Report 2005, inside Milestones 2005 page.
- ↑ FTD: Extraordinary index change ( Memento from July 31, 2012 in the web archive archive.today )
- ↑ Annual Report 2008 (PDF, 1.7 MB).
- ↑ Post surrenders its bank completely ( Memento from July 31, 2012 in the web archive archive.today ). Financial Times Deutschland , September 11, 2008.
- ↑ Deutsche Bank becomes a major shareholder in Postbank. September 12, 2008, accessed February 12, 2015 .
- ^ Deutsche Bank / Postbank: Takeover in three acts. In: manager-magazin.de. January 14, 2009, accessed February 12, 2015 .
- ↑ Financial sector: Deutsche Bank takes over Postbank stake. In: Spiegel Online . February 25, 2009, accessed February 12, 2015 .
- ↑ Annual Report 2009 of Deutsche Bank ( Memento of May 29, 2010 in the Internet Archive ) (PDF) page 234 accessed May 15, 2010.
- ↑ Deutsche Bank increases Postbank stake to 93.7%. Retrieved February 28, 2012 .
- ↑ Control and profit transfer agreement between DB Finanz-Holding GmbH and Deutsche Postbank AG (PDF)
- ↑ Voting results from the 2012 Annual General Meeting of Postbank
- ↑ Strikes at Postbank expanded. In: Tagesschau. April 24, 2015, archived from the original on April 25, 2015 ; accessed on April 24, 2015 : "Simulation games had previously become known that Deutsche Bank was considering a sale of Postbank or that the subsidiary wanted to go public."
- ^ Deutsche Bank separates from Postbank , in Handelsblatt from April 24, 2015.
- ↑ Postbank: A billion dollar grave? In: Tagesschau. August 26, 2015, archived from the original on April 25, 2015 ; accessed on September 23, 2015 .
- ↑ Deutsche Bank will tackle Postbank sale next year. Finanz.net, October 27, 2016.
- ↑ Stefan Kaiser: New strategy: Deutsche Bank becomes German again - of necessity. In: Spiegel Online . March 6, 2017.
- ↑ Merger of Deutsche Postbank AG with Deutsche Bank Privat- und Gewerbekunden Aktiengesellschaft and renaming of Deutsche Bank Privat- und Gewerbekunden Aktiengesellschaft to DB Privat- und Firmenkundenbank AG. Capital market information from DB Privat- und Firmenkundenbank AG, May 28, 2018. In: Bundesanzeiger. May 29, 2018. Retrieved from the company register on June 2, 2018.
- ^ 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.
- ↑ Postbank's total assets from 1998 to 2017. In: Statista. Retrieved July 26, 2019 .
- ^ Postbank portrait , Postbank homepage, accessed on July 26, 2019.
- ↑ Mobile Payment / HCE: Postbank and Visa start - pay via smartphone and banking app with Android. In: it-finanzmagazin.de. September 21, 2017. Retrieved October 15, 2017 .
- ↑ Sebastian Kelm: Post in Weyhe closes later. In: Regional Rundschau. October 12, 2018, accessed January 7, 2019 .
- ↑ Sebastian Jost: Talanx is buying all Postbank insurers. In: welt.de . July 19, 2007, accessed February 12, 2015 .
- ↑ dpa-AFX: Postbank and HUK-Coburg agree sales partnership. In: finanznachrichten.de. September 21, 2007, accessed February 12, 2015 .
- ↑ Stefan Scherer: A savings account with 30 DM will turn into 53 cents in 34 years. In: derwesten.de. February 9, 2012, accessed February 12, 2015 .
- ↑ Bold advertising for Dax passbook Stiftung Warentest , September 4th of 2003.
- ^ Postbank AG: Postbank DAX savings book
- ^ Postbank: Systematic violations of data protection by Stiftung Warentest , October 26, 2009.
- ↑ Expensive wrong advice: Postbank has deliberately deceived customers for years. In: Focus Online . September 25, 2013, accessed February 12, 2015 .
- ↑ ZDFzoom: The false advisors
- ↑ http://www.vzhh.de/schulden/480937/Postbank_Tchibo_Flyer_Konto_Giro_Plus.pdf (PDF)
- ↑ Contract documents for the account statements, e.g. B. https://www.dealdoktor.de/app/uploads/comment-images/869398.jpg
- ↑ Consumer Center Hamburg e. V. - Postbank: No fee for Tchibo customers
- ↑ Consumer Center Hamburg e. V. - Postbank gives in
- ^ Postbank: ZV Collect. In: postbank.de. Retrieved November 19, 2014 .
- ↑ Postbank is Borussia's main sponsor. In: borussia.de. Borussia VfL 1900 Mönchengladbach GmbH, accessed on April 21, 2020 .
Coordinates: 50 ° 42 ′ 33.4 " N , 7 ° 7 ′ 38.8" E