Type private Founded 1928 Area served predominantly Germany | Industry Financial services Headquarters Berlin, Germany | |
Services terminating deposits, mortgage loans | ||
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 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 2006, Deutsche Postbank acquired more than 90% of BHW's shares and made an offer to remaining shareholders. It finally completed the acquisition in February 2008, taking the company private.
References
BHW Wikipedia(Text) CC BY-SA