The FINANCIAL SERVICES Division consists primarily of Deutsche Postbank, and also includes the Deutsche Post Pension Service.
In addition to the payment transaction activities of Deutsche Bank and Dresdner Bank, on January 1, 2007, Postbank also began handling those of HypoVereinsbank, which is part of the UniCredit Group. Postbank thus provides this service for three of Germany’s five major banks and underscores its leading market position in transaction banking.
Deutsche Postbank AG presents its business performance for the first quarter of 2007 in its own interim report published on May 14, 2007.
During the period under review, the FINANCIAL SERVICES Division generated revenue of €2,484 million, which exceeded the previous year’s figure of €2,362 million by 5.2%. Compared to the previous year, Postbank was again able to increase income.
The division’s profit from operating activities (EBIT) also improved again, growing by 10.0% to €242 million from €220 million in the previous year.