bank or deutsche bundesbank . deutsche postbank ag headquarters in bonn type aktiengesellschaft traded as fwb dpb industry financial services founded 1990 headquarters bonn germany key people frank strauss ceo and chairman of the executive board rainer neske chairman of the supervisory board products retail banking insurance loans revenue 3.805 billion 2010 1 profit 138 million 2010 1 total assets 214.68 billion end 2010 1 total equity 5.627 billion end 2010 1 number of employees 1 360 fte end 2014 1 parent deutsche bank website www.postbank.com deutsche postbank ag is a german retail bank with headquarters in bonn . postbank was formed from the demerger of the postal savings division of deutsche bundespost in 1990 . it became a wholly owned subsidiary of deutsche post in 1999 and was partially spun out on the frankfurt stock exchange in 2004 . deutsche post retained a controlling stake of 50 % plus one share until september 2008 when 30 % of this was sold to deutsche bank for 2.8 billion . 2 deutsche bank gained a majority stake in the firm through a tender offer completed in december 2010 3 and exercised its option 2 to acquire the remainder of deutsche post s holding in 2012 . 3 4 contents 1 history 2 key figures 3 references 4 external links history edit the postscheckdienst was introduced in 1909 by the german reich establishing accounts for payment transactions by mail and linking postal and banking services in german states . in 1990 following the german postal services restructuring act poststrukturgesetz of 1989 the german postal service deutsche bundespost was divided into three companies deutsche post deutsche telekom and postbank . later that year deutsche post postbank of the former east germany was merged with postbank . from 1990 to 1997 dr. guenter schneider was chairman of the board . the first board of postbank consisted of guenter schneider rudolf bauer and bernhard zurhorst . on 1 january 1995 following the new postal reform legislation gesetze zur postreform ii of 1994 postbank became an independent joint stock company . postbank then extended operations and engaged in loans insurance and homes savings . in 1999 deutsche post became the owner of postbank . in that same year postbank acquired dsl bank by the sale of the government s shares . postbank subsidiary easytrade began offering on line brokerage services in 2000 . postbank purchased bhf usa holdings inc. in 2001 . by 2003 postbank had 11.5 million customers more than any other bank in germany . on 1 january 2004 the postal bank took over the transaction banking of the deutsche bank and the dresdner bank . from then on postbank executed the clearing and settlement of deutsche bank and dresdner bank s payment transactions . this agreement strengthened the bank s new business field transaction bank in the apron of the announced initial public offering . the ipo of postbank on 23 june 2004 was the largest stock market launch in germany for the past 2 years . on 25 october 2005 postbank announced its intention to acquire a 76.4 percent stake of the home financing specialist beamten heimst ttenwerk bhw . 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 employer bringing postbank s workforce to over 25 000 employees . in october 2010 postbank put its indian finance business up for sale . 5 key figures edit customers 14.5 million current accounts with on line access 2.113 million deposits of securities with on line access 450 000 telephone banking customers 3.09 million branches 1100 including acquired smaller post offices service center of bhw 800 references edit a b c d e annual report 2010 pdf . deutsche postbank . retrieved 13 april 2011 . a b seib christine 13 september 2008 . deutsche bank makes 2.2 bn u turn to buy stake in postbank . the times . london . retrieved 2008 09 14 . a b wilson james 2 december 2010 . deutsche to leave postbank alone after merger . financial times . retrieved 6 december 2010 . deutsche postbank ag resolution on the conclusion of a control and profit and loss transfer agreement between deutsche postbank ag as the controlled entity and db finanz holding gmbh as the controlling entity https www.postbank.com postbank en 2012 03 30.html deutsche postbank arm for sale . business standard.com . 2011 . retrieved 14 july 2011 . external links edit wikimedia commons has media related to deutsche postbank . official website useful information about the deutsche postbank in english v t e deutsche bank divisions deutsche bank alex. brown deutsche postbank sal . oppenheim deutsche bank italy historical components alex. brown & sons banca popolare di lecco bankers trust hollandsche bank unie morgan grenfell & co. mortgageit v t e members of euro banking association austria allgemeine sparkasse oberosterreich bank f r tirol und vorarlberg ag bks bank ag erste group bank ag oberbank ag oesterreichische nationalbank raiffeisen zentralbank sterreich ag raiffeisenlandesbank ober sterreich ag raiffeisen landesbank tirol ag steierm rkische bank und sparkassen ag belgium dexia bank nv kbc bank nv bank van de post cyprus bank of cyprus hellenic bank denmark amagerbanken a s arbejdernes landsbank a s danske andelskassers bank a s danske bank a s diba bank a s djurslands bank a s jyske bank a s nordjyske bank a s n rresundby bank stjydsk bank a s ringk bing landbobank roskilde bank a s skjern bank spar nord bank sparekassen sj lland sydbank a s vestfyns bank a s vestjysk bank finland aktia bank plc bank of land plc pohjola bank plc s bank ltd. tapiola bank ltd france banque michel inchausp bami banque palatine bnp paribas sa bpce bred banque populaire cr dit agricole sa cr dit coop ratif cr dit du nord cr 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comercial portugu s cr dito agr cola caixa geral de dep sitos novo banco slovenia banka slovenije spain banco bilbao vizcaya argentaria s.a. banco popular espa ol s.a. banco sabadell s.a. bankinter s.a. banco santander s.a. caixabank s.a. la caixa catalunya banc s.a. catalunyacaixa kutxabank s.a. abanca corporaci n bancaria s.a. abanca caja laboral popular cooperativa de cr dito caja laboral banco cooperativo espa ol s.a. caja rural cecabank s.a. sweden skandinaviska enskilda banken svenska handelsbanken swedbank ab nordea bank ab united kingdom bank of tokyo mitsubishi ufj ltd. barclays bank plc citibank na dnb bank nor hsbc bank plc jpmorgan chase bank n.a. london branch kookmin bank international ltd. lloyds bank plc mashreqbank psc uae royal bank of scotland plc ubs ag wells fargo bank na non eu bank of china chn companies portal retrieved from https en.wikipedia.org w index.php title deutsche postbank & oldid 742417448 categories deutsche bankbanks of germanydeutsche postcompanies 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