Integration of BHW and branches continuing successfully
Share price more than doubled
Guidance confirmed
Deutsche Postbank AG is making good progress with the integration of its new business units BHW and Branches. This was announced by the Chairman of the Board of Management, Prof. Wulf von Schimmelmann, at the second Annual General Meeting of Postbank on May 11 in Cologne. To the beginning of the year, Postbank acquired not only BHW, the second biggest home loan and savings association in Germany, but also the 850 most attractive branches of Deutsche Post. "These transactions changed Postbank overnight," underlined von Schimmelmann. "The number of people working as employees or mobile sales more than tripled. We set the course for further growth at the right time."