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BHW, incorporated as BHW Holding AG, is German bank providing terminating deposits and mortgage loans. It is a wholly owned subsidiary of Deutsche Postbank Group.
 | |
| Company type | private |
|---|---|
| Industry | Financial services |
| Founded | 1928 |
| Headquarters | , |
Area served | predominantly Germany |
| Services | terminating deposits, mortgage loans |
| Parent | Deutsche Postbank |
| Website | www.bhw.de |
History
editThe company was founded in Berlin in 1928 as Beamten-Heimstättenwerk, which roughly translates as civil servants' home (building) society. After World War II, it moved its registered office to Hameln.[1]
In 1990, it was re-organised as BHW Holding GmbH to become BHW Holding AG later, followed by an initial public offering in 1997. In March 2005, Deutsche Postbank announced that it has acquired a 9.2% stake in the company.[2] Later that year, Deutsche Postbank made public its intent to purchase more than 90% of BHW's shares[3] and made an offer to remaining shareholders.[4] The acquisition was completed in 2005.[5][1]
Until 2019, BHW Kreditservice GmbH took over the management of customers of other mortgage banks and building societies, such as Axa Bausparkasse and DSL Bank (so-called loan processing as an outsourcing service), in addition to servicing its own customers.[6]
DB Bauspar, which is part of the Deutsche Bank Group, sold home savings contracts under the BHW brand name from January 6, 2014 to December 31, 2015; in 2019, the two providers were merged under the BHW name.[7]
References
edit- ^ a b Keller, Harold (2006-10-27). Mortgaged Backed Securities: A New Source of Financing Retail Mortgages for German Banks. diplom.de. ISBN 978-3-8324-9932-7.
- ^ Welle (www.dw.com), Deutsche. "Postbank Buys Share in BHW Bank | DW | 22.03.2005". DW.COM. Retrieved 2020-05-23.
- ^ "BHW Holding AG:Deutsche Postbank AG announces majority takeover - dgap.de". www.dgap.de. Retrieved 2020-05-23.
- ^ Newswires, Dow Jones (2005-10-26). "Postbank to buy majority stake in BHW Holding". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-05-23.
- ^ "Postbank profits up 20% after BHW acquisition". Financial Times.
- ^ "Postbank-Integration kostet weitere 1300 Stellen". Die Welt. 2019-07-01. Retrieved 2020-06-06.
- ^ "DB Bauspar und BHW Bausparkasse fusionieren - Meilenstein bei Integration der Postbank". Deutsche Bank. 2019-05-14. Retrieved 2020-06-06.
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