| BHW | |
| Type: | private |
| Parent: | Deutsche Postbank |
| Foundation: | 1928 |
| Location Country: | Germany |
| Services: | terminating deposits, mortgage loans |
| Homepage: | www.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.
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]
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.[6]
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.[7]