What are post banks

Postbank company history

Looking back at a history of progress
Image: 1940: Employees at the Mercedes booking machines in the Leipzig Post Office (Photo credit: Museum for Communication, Berlin)

The successful history of Postbank began on January 1, 1909, when Reichspost founded 13 postal check offices and introduced postal transfers and checks. This means that every holder of a postal check account can transfer money and receive credits nationwide for the first time - a small revolution in banking at the time.

The Reichspost continued the success of the postal check account in 1939 with the establishment of the postal savings bank service and the introduction of the later extremely popular postal savings book. After the Second World War, the Post Office Savings Bank developed into the common man's bank.

Today, the savings volume at Postbank, which is based in Bonn, has grown to over 50 billion euros. The good old postal savings book is now called Postbank SparCard and accompanies customers on trips to 190 countries with good interest.
Postbank is founded independently
Image: Showcase advertising 1953: Advertisement for the postal savings book in a showcase in the Theater im Aegi in Hanover (Photo credit: Museum for Communication, Berlin)

In 1990, Postbank became an independent institute when the Bundespost was split into three companies (Post, Telekom and Postbank). In the same year, the Postbank of the GDR is integrated.

When Postbank was converted into a stock corporation on January 1, 1995, it was granted a full banking license. For the first time, it can significantly expand its range of services, for example to include personal loans, building finance and investment funds.

Three years later, Postbank was the first large, nationwide bank to introduce the free current account. It also enables online banking on the Internet for the first time without additional software.

In January 1999, Swiss Post acquired a majority stake in Postbank. Both companies decide on a common sales strategy. In the same year, Postbank takes over the federal government's shares in DSL Bank and becomes its owner.
Image: ordering by computer. Brokerage at Postbank EasyTrade (Photo credit: Postbank)

The following years were marked by rapid development at Postbank: The start of direct brokerage was followed in 2001 by entry into the leasing and factoring business and, through the acquisition of BHF Holding - later PB Capital Corporation - in New York, the creation of a pillar for the corporate customer business in the US market.

Postbank Financial Services GmbH was founded in Frankfurt in 2002, thereby strategically developing the securities business and risk management activities. The establishment of Postbank Vermögensberatung enables the bank to sell its services on the move.

Together with SAP, Postbank developed new software for payment transactions in 2003, which is the basis for opening up another business area: Transaction Banking. Postbank thus provides other financial services companies with services such as payment transaction processing and account management, as well as credit processing.

In 2004, Postbank was the first German bank to offer the option of doing banking with a cell phone: Mobile banking was born and has been consistently developed since then. Postbank goes public on June 23, 2004.
Picture: Soccer world record in 2005: Franz Beckbauer (left) and Oliver Bierhoff (right) at the world ball record of the Postbank in Mönchengladbach. (Photo credit: Postbank)

In 2006 the bank set several milestones. The purchase of BHW Holding is completed. At the same time, Postbank is taking over the 850 most attractive branches of the Post. In addition, Postbank made the leap into the DAX just two years after going public.

When the FIFA World Cup came to Germany in the same year, Postbank became one of the national sponsors of this event and provided the yellow Postbank soccer ball. She secured an entry in the Guinness Book of Records with 142,000 balls on the field of Borussia Park in Mönchengladbach.

In 2007, Postbank received the license to issue Pfandbriefe. The year is also marked by a new branch concept. With more service, better orientation, new products, leaner processes and a modern design, the branches are better able to meet customer demands.

In September 2008, the bank acquired a minority stake in Postbank from Post with the option of increasing this stake at a later date.

At the beginning of 2009, the Post sold 22.9 percent of the company to the bank.
Image: Servicepoints as an additional point of contact for Postbank customers (Photo credit: Postbank)

In 2010, Postbank expanded its branch network to 1,100 financial centers and opened its first self-service banking branch. In November, the bank takes over the majority of Postbank shares. However, according to the bank's plans, Postbank will remain an independent stock corporation with its own brand. In doing so, the bank relies on the strengths of Postbank, on the know-how of its employees, on the tried and tested products and the broad sales surface.
Postbank has been a brand of the German credit institute DB Privat- und Firmenkundenbank since May 25, 2018. As Deutsche Postbank AG, it had been a wholly-owned subsidiary of Deutsche Bank since 2015. Since the full integration into Deutsche Bank and deletion of the stock corporation from the commercial register on May 25, 2018, the bank has been publicly known as Postbank. The main focus of the bank brand is the private customer business, in addition it is the house bank of the Deutsche Post.