BHW
{{More citations needed|date=March 2014}}
{{Other uses}}
{{Infobox company |
name = BHW|
logo = BHW Bausparkasse logo.svg |
type = private|
parent = Deutsche Postbank|
foundation = 1928 |
location_city = Berlin |
location_country = Germany|
industry = Financial services |
services = terminating deposits, mortgage loans|
homepage = [http://www.bhw.de/ www.bhw.de]|
area_served = predominantly Germany
}}
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.{{Cite book|last=Keller|first=Harold|url=https://books.google.com/books?id=ybpxAQAAQBAJ&q=bhw+postbank&pg=PA93|title=Mortgaged Backed Securities: A New Source of Financing Retail Mortgages for German Banks|date=2006-10-27|publisher=diplom.de|isbn=978-3-8324-9932-7|language=en}}
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.{{Cite web|title=Postbank Buys Share in BHW Bank {{!}} DW {{!}} 22.03.2005|url=https://www.dw.com/en/postbank-buys-share-in-bhw-bank/a-1526607|last=Welle (www.dw.com)|first=Deutsche|website=DW.COM|language=en-GB|access-date=2020-05-23}} Later that year, Deutsche Postbank made public its intent to purchase more than 90% of BHW's shares{{Cite web|title=BHW Holding AG:Deutsche Postbank AG announces majority takeover - dgap.de|url=https://www.dgap.de/dgap/News/adhoc/bhw-holding-agdeutsche-postbank-announces-majority-takeover/?newsID=52838|website=www.dgap.de|access-date=2020-05-23}} and made an offer to remaining shareholders.{{Cite news|last=Newswires|first=Dow Jones|date=2005-10-26|title=Postbank to buy majority stake in BHW Holding|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/SB113029002043379542|access-date=2020-05-23|issn=0099-9660}} The acquisition was completed in 2005.{{Cite web|title=Postbank profits up 20% after BHW acquisition|url=https://www.ft.com/content/b53c3e08-e3e4-11da-8ced-0000779e2340|last=|first=|date=|website=Financial Times|archive-url=|archive-date=|access-date=}}
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.{{cite web|title=Postbank-Integration kostet weitere 1300 Stellen|date=2019-07-01|publisher=Die Welt|url=https://www.welt.de/regionales/hessen/article196198135/Postbank-Integration-kostet-weitere-1300-Stellen.html|accessdate=2020-06-06}}
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.{{cite web|title=DB Bauspar und BHW Bausparkasse fusionieren - Meilenstein bei Integration der Postbank|date=2019-05-14|publisher=Deutsche Bank|url=https://www.db.com/newsroom_news/2019/db-bauspar-und-bhw-bausparkasse-fusionieren-meilenstein-bei-integration-der-postbank-de-11488.htm|accessdate=2020-06-06}}
References
{{Reflist}}
{{Deutsche Post}}
{{Authority control}}
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