BHW
BHW is a German financial services institution based in Hameln, in Berlin was founded in 1928 under the name of official work homestead. Since January 2006, BHW is a subsidiary of Postbank, which in turn is a subsidiary of Deutsche Bank.
History
The company was founded in 1928 in the legal form of a GmbH in Berlin. Founding partners were the professional organizations of the German civil service. The acronym stood for BHW officials Homestead plant. Today, BHW is also open to non- officials as customers.
After the Second World War, the company moved its headquarters in 1947 to Hameln, because this city was largely spared from the war. The former BHW building is the Hamelin Town Hall today.
In 1990, the BHW Holding GmbH was founded, which was converted to BHW Holding AG later. 1997 BHW went public. A short time later, the stock was in the MDAX, the second most important Leitwerteindex the Frankfurt Stock Exchange, was added. The 2003 made reducing the MDAX BHW Holding AG was listed on the small cap index SDAX. In January 2006 the German Postbank AG issued after the acquisition of approximately 91 % of the capital in BHW Holding AG a mandatory tender offer to buy up the remaining shares in free float before, per share should be paid € 15.04. On 9 February 2006, announced that Postbank already more than 95 % of the shares held, so the share of BHW Holding AG was taken from the SDAX on February 21, 2006 ( successor here is the DIY chain Praktiker ). Mid-2007 took over the Hanoverian Talanx Group for 550 million euros the life insurer BHW Leben and 50% of PB- insurance, belonging to the Talanx AG already half. In February 2008, the stock was taken off the market after a squeeze out the remaining minority shareholders has been made. Together with Postbank and BHW Building Society was acquired by Deutsche Bank.
Today BHW takes over - and BHW Credit Service GmbH as part of the PBC Banking Service - besides taking care of their own customers and the management of customers of other mortgage banks and building societies (eg Axa building society, DSL Bank ) (so-called credit processing as an outsourcing service ).
Conversely sells also belonging to the German Bank Group DB building society since January 6, 2014 also savings contracts under the brand name BHW.
Group structure
The subsidiary of BHW BHW Holding AG. She has as of January 2014 the following subsidiaries:
- BHW Building Society Ltd.
- Postbank AG Financial Advice
- Postbank Immobilien GmbH
- Easyhyp GmbH
- BHW Society for precautionary mbH
- BHW - Society for the housing industry mbH
- BHW - Society for the housing industry mbH & Co. Verwaltungs KG
- BHW Credit Service GmbH
- Postbank Versicherungsvermittlung GmbH
BHW building society had in 2012 a population of about 3.842 million building loan contracts with a contract sum of € 109.6 billion (previous year: 3.99 million contracts, € 110.4 billion contract sum ). The New business was about 284,000 savings contracts with a completed contract sum of € 10.0 billion (previous year: € 10.8 billion ).
Ownership structure
Major shareholders were to December 2005, the successor of the founding organizations. These included the holding company of Trade Unions ( BGAG ) with 39.8 % of the share capital and of the German Civil Service Federation with 36.6 %. In March 2005, the Postbank took over 9.2% of the shares in the ERGO Insurance Group. On 25 October 2005, the Postbank announced plans to take over the 76.4% of BGAG and federal officials. The agreement was finalized on January 2, 2006 after the ailing General Mortgage Rheinboden AG was released from the BHW Group out in November / December 2005, which was a condition of Postbank 's chief of this transaction.
Employee numbers
The following figures give the full-time equivalent employee numbers BHW Bausparkasse AG again. Date was December 31 of each year.