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Deutsche Postbank, already Germany's largest retail bank, says the recent purchase of BHW, a leading home financing company, as well as the transfer of 850 large branches from main shareholder Deutsche Post in January, have substantially increased its distribution power in the German marketplace.
With a combined customer base of 14.5 million (3 million from BHW), Postbank says it will be the leading diversified financial provider for retail customers in Germany. It will employ approximately 25,000 staff and will be...