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BHW

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For other uses, see BHW (disambiguation).
BHW
Company typeprivate
IndustryFinancial services
Founded1928
HeadquartersBerlin, Germany
Area servedpredominantly Germany
Servicesterminating deposits, mortgage loans
ParentDeutsche Postbank
Websitewww.bhw.de

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.

History

The 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.

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. Later that year, Deutsche Postbank made public its intent to purchase more than 90% of BHW's shares and made an offer to remaining shareholders. The acquisition was completed in 2005.

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.

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.

References

  1. ^ 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.
  2. Welle (www.dw.com), Deutsche. "Postbank Buys Share in BHW Bank | DW | 22.03.2005". DW.COM. Retrieved 2020-05-23.
  3. "BHW Holding AG:Deutsche Postbank AG announces majority takeover - dgap.de". www.dgap.de. Retrieved 2020-05-23.
  4. Newswires, Dow Jones (2005-10-26). "Postbank to buy majority stake in BHW Holding". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-05-23.
  5. "Postbank profits up 20% after BHW acquisition". Financial Times.
  6. "Postbank-Integration kostet weitere 1300 Stellen". Die Welt. 2019-07-01. Retrieved 2020-06-06.
  7. "DB Bauspar und BHW Bausparkasse fusionieren - Meilenstein bei Integration der Postbank". Deutsche Bank. 2019-05-14. Retrieved 2020-06-06.
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