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Topic: Deutsche Postbank


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In the News (Fri 1 Jan 10)

  
  Citigroup Global Transaction Services Wins Deutsche Postbank AG Mandate for Trade Finance Services
Deutsche Postbank AG is a subsidiary of Deutsche Post World Net.
Postbank, with some 360,000 corporate and business customers in Germany, is superbly positioned for the combination of trade finance and logistic solutions.
Deutsche Post World Net is listed on the Frankfurt stock exchange and is a member of the DAX 30 index.
www.citibank.com /citigroup/press/2003/031124a.htm   (706 words)

  
 Postbank Sticks with IPO, Rules out Sale to Deutsche Bank | Business | Deutsche Welle | 14.05.2004
Deutsche Post has said it will continue with its plans to float its retail banking arm Postbank on the stock market next month, ending speculation the unit would instead be sold to Deutsche Bank.
Deutsche Bank "handled this in a very unprofessional manner and did not correctly protect the trust of their clients," banking analyst Konrad Becker from Merck Finck told the German news agency DPA.
Deutsche Postbank, a unit of Deutsche Post Worldnet AG, has announced plans to sell shares in almost 50 percent of its equity capital on the stock market.
www.dw-world.de /dw/article/0,1564,1202212,00.html   (543 words)

  
 Deutsche Post Annual Report 2003 - Postbank at Equity
To enable a clearer presentation of the net assets, financial position and results of operations of the Group, the Deutsche Postbank group was excluded from full consolidation in the accompanying consolidated financial statements for the period ended December 31, 2003.
The Deutsche Postbank group is accounted for in these financial statements only as a financial investment carried at equity.
The accounting treatment differs from the standards required by the IFRS to the extent that the Deutsche Postbank group was not fully consolidated, as required by IAS 27, but was accounted for at equity.
www2.financialreports.dpwn.com /2003/ar/en/notes/otherdisclosures/postbankatequity   (581 words)

  
 The New York Times > Business > World Business > Delayed and Scaled Back, the Postbank Offering Is Set
Postbank, which is indirectly controlled by the state, has 11.5 million customers who make deposits and withdrawals at 9,000 post office counters around the country.
Postbank's parent, Deutsche Post, was forced over the weekend to cut the price and size of the offering, and push back its introduction by two days, after investors spurned the shares at their original price.
Deutsche Post came to that recognition rather late, investors said, given that the internal estimates of its advisers, and initial feedback from fund managers, put a much lower value on the bank.
www.nytimes.com /2004/06/22/business/worldbusiness/22deutsche.html?ei=5007&en=322ea20425f7d2a0&ex=1403236800&adxnnl=1&partner=USERLAND&adxnnlx=1111253269-w0Q8sTq/9HWyO9yEWnStXQ   (1076 words)

  
 Postbank joins Cerberus in BHW bid - Boston.com - Europe - News   (Site not responding. Last check: 2007-09-18)
Germany's Deutsche Postbank has teamed up with U.S. investor Cerberus in its bid for mortgage bank BHW in a move that could ease the purchase, financial sources said on Friday.
Postbank is interested in the German savings, fund management and life insurance businesses of BHW, while Cerberus is interested in AHBR, the troubled mortgage banking unit controlled by BHW, the source said.
Postbank Chief Executive Wulf von Schimmelmann has said he does not want AHBR on his books if the takeover of BHW is successful.
www.boston.com /news/world/europe/articles/2005/06/24/postbank_joins_cerberus_in_bhw_bid?mode=PF   (398 words)

  
 Xak.com: Deutsche Bank May Decide Today on Postbank Bid, People Say   (Site not responding. Last check: 2007-09-18)
Deutsche Bank's shares have climbed 38 percent in the past year as low interest rates and a stock market recovery buoyed earnings from bond and stock trading and underwriting.
Deutsche Post CEO Klaus Zumwinkel said in Shanghai yesterday the IPO ``is proceeding exactly as planned.'' A takeover of Postbank is ``all speculation,'' he said.
Deutsche Bank reported first-quarter net income of 941 million euros, its biggest quarterly profit in at least three years, boosted by stock and bond trading.
www.xak.com /main/newsshow.asp?id=32429   (756 words)

  
 I N G E N I C A   (Site not responding. Last check: 2007-09-18)
Established by Deutsche Post AG in 2004, Deutsche Postbank is the largest German bank in terms of private customers, and offers deposits, loans and mortgages, asset management, investment funds, insurance, and commercial finance (including factoring and leasing services) through more than 12,000 Deutsche Post locations.
Deutsche Postbank also performs payment processing services, with main rivals Deutsche Bank and Dresdner Bank as two of its biggest customers, and provides private and corporate banking services in Luxembourg, and structured finance products to companies in North America.
When Deutsche Postbank wanted to roll out new applications to enable the bank to improve operating efficiency and customer service in 800 retail outlets, it had to be sure that any new technologies would be able to integrate seamlessly with the existing capabilities of the infrastructure, which often had to rely on slower bandwidths.
www.ingenica.net /solutions.asp?did=92&pcid=0~2~32~11~   (847 words)

  
 Wincor Nixdorf Online Report   (Site not responding. Last check: 2007-09-18)
One exception is Deutsche Post, which is convinced of the need to breathe "new life" into its branches shared by Postbank, according to Friedhelm Schwarze, head of branch operations for Deutsche Post and Postbank.
Deutsche Post has earmarked DM 1 billion to invest in a completely new design for its some 14,000 outlets nationwide.
The Postbank subsidiary Easytrade AG recently showed how important local service is. The new direct broker opened 250,000 new accounts, mostly through the postal branch network.
www.wincor-nixdorf.com /static/onlinereport_eng/report01_08/banking/reportage/postbank.html   (888 words)

  
 FT.com / By region / Europe - Postbank to own 850 top branches   (Site not responding. Last check: 2007-09-18)
Postbank, the post office bank that is Germany's leading retail bank, said yesterday it would take over ownership of its 850 top branches from its majority shareholder, Deutsche Post.
Analysts said the move made Postbank more attractive and more easily available as a takeover candidate, although the company insisted this was not the reason for the change.
The move, which should take place in the first quarter of next year, means Postbank will no longer pay commissions to its parent - nearly €500m ($607m) last year - for using space in the branches.
news.ft.com /cms/s/b587f064-36ce-11da-bedc-00000e2511c8.html   (143 words)

  
 Deutsche Postbank to offer back office outsourcing :: Shared Services and BPO Association - SBPOA :: Independent ...
Deutsche Postbank is working with SAP to implement a new back office system which will allow it to offer payment processing and administrative services to other banks by the end of the year.
The introduction of the SAP software will bring all of Postbank's back office functions into a central command and control configuration, enabling the Bonn-based institution to easily extend its transaction processing capacity to third party banks.
Dirk Berensmann, responsible for IT and operations on the Postbank board says the bank is determined to take advantage of its new processing capabilities.
www.sharedxpertise.org /modules.php?file=article&name=News&op=modload&sid=802   (197 words)

  
 WorldSecurityNetwork.com
Deutsche Post, the mail and delivery giant that owns Postbank, said it planned to move ahead with a previously announced stock offering of the bank next month, rejecting the idea of a sale to Deutsche Bank and pledging to hold onto a majority stake.
Postbank's statement came as a relief to executives at Deutsche Bank, many of whom are loath to expand in the sclerotic German market.
The government's leverage in a Postbank deal would be somewhat stronger than that because it is the bank's controlling shareholder, through its ownership of the parent company, Deutsche Post.
www.worldsecuritynetwork.com /showArticle3.cfm?article_id=9484   (1106 words)

  
 Deutsche Postbank installs SAP system, will offer IT services - Computerworld
Deutsche Postbank AG said on Friday that it has doubled its IT infrastructure to deal with its new SAP AG software and is planning to process transactions for two German banks.
Deutsche Postbank's SAP system, set up in October 2003 and running on IBM hardware, processes over 10 million transactions per day and could easily handle double that figure, said Postbank press officer Hartmut Schlegel.
Postbank is interested in bringing other banks into the system, which Schlegel said can easily be expanded to meet increased demand.
www.computerworld.com /printthis/2004/0,4814,90672,00.html   (528 words)

  
 Deutsche Bank and Postbank sign agreement on payment transactions   (Site not responding. Last check: 2007-09-18)
Postbank is already one of the market leaders in payment transactions with approximately 10 million transactions per day.
Postbank intends to continue to expand the role it plays in transaction banking by offering its services to other credit institutions.
Deutsche Bank is thus strengthening its core competencies in offering global cash management solutions and the settlement of foreign payment transactions, in particular for institutional and corporate clients.
www.deutsche-bank.de /presse/en/releases_1394.shtml   (633 words)

  
 Postbank Public Offering Goes Ahead | Business | Deutsche Welle | 20.06.2004
Postbank officials on Saturday announced that they would postpone the initial public offering from Monday to Wednesday and lower the share price from between €31.50 ($37.90) and 36.50 to between €28 and €32.
Postbank will sell two-thirds of the 82 million Postbank shares to the public in addition to offering a €1 billion convertible bond issued by Deutsche Post that will pay between 2 and 3 percent interest and can be exchanged for shares in three years, Bloomberg reported.
For Germany's Postbank, that figure is forecast to be 71.7 percent.
www.dw-world.de /dw/article/0,,1239564,00.html   (1114 words)

  
 Xak.com: Deutsche Post Raises Goal; Postbank IPO Helps Profit   (Site not responding. Last check: 2007-09-18)
Deutsche Post has spent more than 6 billion euros on acquisitions, and is integrating Airborne Inc. into the DHL express-delivery unit, to expand abroad in advance of losing its German letter monopoly in 2007.
Deutsche Post's ``extensive national infrastructure'' means the loss of the German mail monopoly in 2007 won't eliminate the company's dominance in its home market anytime in the near future, Fitch Ratings wrote in a July 21 note that affirmed an A+ debt rating.
Deutsche Post's so-called Star cost-cutting program contributed 178 million euros to profit in the first half, adding 601 million euros to earnings since its inception in November 2002, the postal service said.
www.xak.com /main/newsshow.asp?id=35193   (632 words)

  
 CommentWire by Datamonitor - Deutsche Post: floating the bank   (Site not responding. Last check: 2007-09-18)
Deutsche Post is to put 49% of its bank subsidiary on the market.
Deutsche Postbank is Germany’s largest retail bank with 10 million customers, 18 million savings accounts and 4.5 million current accounts.
However, integrating all these operations into a coherent, functional and profitable division is the company’s challenge for the future and the main reason for the launch of the ambitious STAR program, which will integrate all the express and logistics operations of the group under the DHL banner.
www.commentwire.com /commwire_story.asp?commentwire_ID=5075   (461 words)

  
 Allianz - Postbank will process payment transactions for Deutsche Bank and Dresdner Bank   (Site not responding. Last check: 2007-09-18)
A few days ago, Postbank announced it was examining the possibilities of an IPO within the next 18 months.
For Deutsche Bank, this is a further logical step in the concentration on its core businesses and represents a high-performance partnership.
Postbank's objective for the near future is to process payment transactions for additional partners as well.
www.allianz.com /azcom/dp/cda/0,,175801-44,00.html   (786 words)

  
 SAP - Press Release
The go-live at Postbank marks the successful completion of an extensive development effort at SAP that extends the functionality in SAP for Banking to enable large banks and financial service providers to run their comprehensive core banking processes on a single IT platform.
Postbank is a long-time customer of SAP’s financials, loans and controlling components in SAP® R/3® and will also use the SAP® Basel II solution to help achieve compliance with international banking regulations.
Postbank CIO Dirk Berensmann will be delivering a keynote titled “Retail Banking -- An Industry on the Brink of Revolution?” at the SAP International Banking Summit, being held in Paris, France, November 4-5, where SAP is bringing together key players in the international banking community.
www.sap.com /company/press/press.asp?pressID=2501   (1553 words)

  
 Deutsche Postbank AG - Fact Sheet - Hoover's
Deutsche Postbank is one of the leading retail banks in Germany.
Spun off from postal service provider Deutsche Post in 2004, the bank offers deposits, loans and mortgages, asset management, investment funds, insurance, and commercial finance, including factoring and leasing services, through more than 9,000 Deutsche Post locations.
Deutsche Postbank also provides private and corporate banking services in Luxembourg and structured finance products to companies in North America.
hoovers.com /deutsche-postbank/--ID__136308--/free-co-factsheet.xhtml   (277 words)

  
 eyefortransport.com - 11/7/2005   (Site not responding. Last check: 2007-09-18)
Deutsche Post could list Postbank on the stock market as early as spring next year.
A flotation of Postbank, which is valued at between €4bn - €4.5bn (US$4.6bn - US$5.2bn), would boost the new issues market, and restore hope of banking consolidation in Germany where a sluggish economy and stiff competition in a saturated market have threatened some of the country's biggest banks.
Postbank, Deutsche Post’s banking arm and Germany's biggest retail bank, posted a pre-tax profit of €399m last year, and is regarded as an attractive asset.
www.eyefortransport.com /print.asp?news=38801   (190 words)

  
 Deutsche Postbank AG
Postbank is the leading multichannel bank in the German market.
Current and transparent: Here you find important information about the share of Postbank as a shareholder, investor or analyst.
More than 12 million clients, total assets of EUR 137 billion and 9,500 employees make Postbank one of the largest retail banks in Germany.
www.postbank.com   (124 words)

  
 www.GeldKarte.de - Deutsche Post
All Postbank customers can load credit onto their cards without a fee from cash machines at members of the Cash Group, i.e.
Postbank, Deutsche Bank, Dresdner Bank, Commerzbank and HypoVereinsbank.
Postbank cash machines are located in all large branches of Deutsche Post.
www.initiative-geldkarte.de /ww/en/pub/die_geldkarte_im_einsatz_en/deutsche_post_en.htm   (246 words)

  
 Deutsche Post AG - Company Profile - Computer Business Review   (Site not responding. Last check: 2007-09-18)
Deutsche Post's mail segment also offers value added services and electronic service products for specific industries, such as end-to-end meter-reading solutions for power utilities.
Postbank can be accessed through retail outlets, over the telephone, by post, or over the Internet.
We have decided to examine the possibility of disposing of a minority interest in Postbank in 2004 and, if all the signs are positive, to do this when the time is right.
www.cbronline.com /companyprofile.asp?guid=7FC51CB9-BDF6-496A-92A7-12F790408631   (1392 words)

  
 WIPO Domain Name Decision: DBIZ2002-00234
The Complainants are Deutsche Postbank AG, a company incorporated under the laws of Germany, having its principal place of business in Bonn, Germany, and Postbank Systems AG, a company incorporated under the laws of Germany, having its principal place of business in Bonn, Germany.
Deutsche Postbank AG has registered the trademark "Postbank" at the German Patent and Trade Mark Office in 1997 (Date of publication of the registration: 20.03.1997) (see annex 2 to the Complaint).
He tries to obtain the domain "postbank" although he acts as a private person who cannot have the authorization of a credit institution.
arbiter.wipo.int /domains/decisions/html/2002/dbiz2002-00234.html   (1360 words)

  
 Deutsche Post World Net - Offer on Main   (Site not responding. Last check: 2007-09-18)
Deutsche Post World Net is a multinational company based in Germany.
The Deutsche Post World Net Group includes Deutsche Postbank AG, one of the large retail banks in Germany, which offers a wide range of standardized financial services.
With approximately 10 million customers, Postbank is one of the large retail banks in Germany.
www.companynews.co.uk /newissues/corporatepages/deutschepost.htm   (613 words)

  
 Deutsche Postbank values BHW at 1.79 bln eur; Hikes stake to over 90 pct UPDATE - Forbes.com   (Site not responding. Last check: 2007-09-18)
Postbank -- which is 100 pct owned by Deutsche Post World Net AG -- today said it hiked its stake in BHW to above 90 pct by buying 76.4 pct of shares in the company.
Postbank expects BHW to contribute about 130 mln eur in pretax profit in 2009 and more than 170 mln eur after 2010.
Postbank's buy of BHW will be fully cash financed and is expected to be completed by Jan 1.
www.forbes.com /feeds/afx/2005/10/25/afx2297063.html   (959 words)

  
 Bloomberg.com: Bloomberg Columnists   (Site not responding. Last check: 2007-09-18)
If the Postbank share sale could be made to work, it would give a lift to European bourses, which have stalled.
Postbank may be worth more than Commerzbank suggests.
In 2003, Postbank had 11.5 million customers in Germany, compared with 8.5 million for Deutsche Bank, and 6 million for Commerzbank.
quote.bloomberg.com /apps/news?pid=10000039&refer=columnist_lynn&sid=aw0GC.fisKH0   (863 words)

  
 Hot Product   (Site not responding. Last check: 2007-09-18)
The Deutsche Postbank, which serves 11.5 million customers, has revenues of 141 billion euros (2002) and engages 8700 employees, making it the biggest bank for private customers in Germany.
The Deutsche Postbank is Germany's leading bank for private customers, serving 11.5 million customers.
Offices of the Deutsche Postbank can be found in more than 9000 branches of the Deutsche Post, making it the most widely found bank in Germany.
www.silicon-trust.com /solutions/ebus_austria_card.htm   (413 words)

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