Postal bank / Kreditinstitut (Germany)

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The German postal bank AG is since the 2. Post office reform 1989 with the post office structure law a German clearing bank. The postal bank sets their emphasis in the saving and besides it is house bank of the German post office AG.

History

The Postscheckdienst was introduced 1909 to the German Reich. Everyone had requirement on post office giro account, from which payments by transfer could be transacted.

The Postsparkassendienst was introduced 1883 to Austria and 1939 in the German Reich. A saver could carry deposits out at all post offices and in many European countries repayments makes to leave.

1989 were subdivided in the course of the post office reform the Federal Post Office into three relatively independent divisions. The postal bank firmierte from then on under the name the "Federal Post Office - postal bank". It completed further postal savings bank and Postscheckdienst over the post offices. 1994 was converted the divisions into corporations and the Federal Post Office was dissolved. From 1990 to 1997 Dr. cutter (" 6 January 2005) was chairman of the board (until 1994 as an executive committee of the central management postal bank within the Federal Postal Administration) of the postal bank. Subsequently, Dr. Dieter Boening took over the Vorstrandsvorsitz until 1999. 1999 acquired the German post office AG the postal bank of the Federal Republic of Germany. 2000 acquired the postal bank the DSL bank.

Since 1 January 2004 the postal bank took over the exchange of the German bank and the Dresden bank.

To 6. May 2004 communicated Dr. Klaus Zumwinkel, chairman of the board of the German post office AG (owner of the postal bank) that the postal bank will go on 21 June 2004 to the stock exchange and up to 50 per cent minus a share of the postal bank is sold. In the first Bookbuilding phase on 6 June determined the price margin from 31,50 to 36.50 euro is changed in 19 June on 28,00 to 32.00 euro due to the small demand and the IPO is shifted on 23 June.

Since 2 January 2006 the BHW company belongs likewise to the postal bank, since this holds over 90% of the shares by the BHW getting thing AG.

Base data

Coworker inclusive BHW: 25.000 + 5,000 free commercial agents (2006)
Balance sheet total: 140,28 billion euro (2005)
Customer: 14,5 million (estimated, exact overlap BHW/Postbank yet does not admit)
Current accounts with on-line access: 2,13 million
Telephone Banking customer: 3,09 million
Branches: 800 Germany far zzgl. BHW agencies and BHW managements
Chairman of the board (since 1 February 1999): Wulf of mould man

Bank code numbers

Table I: Bank code numbers of the postal bank
BLZ	Place	Remark
100,100 10	Berlin
200,100 20	Hamburg	only current accounts
201,100 22	Hamburg	only savings accounts
250,100 30	Hanover
360,100 43	Meal (Ruhr)
370,100 50	Cologne
380,100 53	Bonn	Central one
440,100 46	Dortmund
500,100 60	Frankfurt/Main
545,100 67	Ludwigshafen (Rhine)
590,100 66	Saarbruecken
600,100 70	Stuttgart
660,100 75	Karlsruhe (bathe)
700,100 80	Munich	only current accounts
701,100 88	Munich	only savings accounts
760,100 85	Nuremberg
860,100 90	Leipzig

The bank code numbers of the postal bank have a characteristic: The last two numbers represent the first two places of the old (West German) postal zip code four digit of the respective place (exception of it are the savings addresses Hamburg and Munich as well as the address Leipzig). Altogether the postal bank is divided in 14 addresses. As the further characteristic in principle the numbers 100 are reserved for the postal bank in the places 4 to 6 of the bank code number. This number sequence is not assigned by the German Federal Bank to other credit institutes.