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With the acquisition of BHW Deutsche Postbank became Germany’s leading financial services provider for retail customers. On 1 January 2006 the purchase of BHW Holding by Deutsche Postbank was concluded. Beyond that Deutsche Postbank took over 850 branches from Deutsche Post. Along with the change in ownership, around 9,600 employees switched ...
In March 2005, Deutsche Postbank announced that it has acquired a 9.2% stake in the company. [2] Later that year, Deutsche Postbank made public its intent to purchase more than 90% of BHW's shares [3] and made an offer to remaining shareholders. [4] The acquisition was completed in 2005. [5] [1]
Deutsche Postbank has a postal banking system. Deutsche Postbank was a subsidiary of Deutsche Post until 2008, when 30% of Deutsche Post's shares were sold to Deutsche Bank. [17] Postal banking services are still available at all branches of Deutsche Post and Deutsche Postbank.
Deutsche Bank said it had put aside €1.3 billion ($1.4 billion) in provisions as part of a tense legal battle with former shareholders of Postbank, which Deutsche Bank took full control of in 2010.
[29] [30] The board pursued an independent continuation of the business, [31] [32] interpreted as rejecting a merger with Deutsche Bank. [33] Also, a potential acquisition of Postbank by Commerzbank, which was discussed at times and would have led to a financial conglomerate with a building society and insurance, ultimately did not materialize ...
Deutsche Bank on Monday said that it had completed a fourth and final phase of a years-long technology integration process with Postbank. Germany's largest bank said it would result in cost ...
In April 2007 a press launch was held for the new bank, which is to be known as Postbank (legally Postbank Ireland Limited, to distinguish from other similarly named operations such as Deutsche Postbank). By February 2010, the closure of the Postbank unit had been announced, and the operation was wound down by the end of December 2010. [21]
Bank of Scotland (Ireland) Danske Bank; First Active; ICS Building Society (previously Irish Civil Service Building Society) – investment shares acquired in 1984 by Governor and Company of the Bank of Ireland as well as society savers but ran separately for a period until a legislative change after the 1987 General Election.