BHW

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.

BHW
private
IndustryFinancial services
Founded1928
Headquarters
Berlin
,
Germany
Area served
predominantly Germany
Servicesterminating deposits, mortgage loans
Number of employees
369 (31 December 2016) 
ParentDeutsche Postbank
Websitewww.bhw.de

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.[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]

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.


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