Comments - Postbank

Deutsche Postbank AG
June 2012

Disclaimer
REPRODUCTION PROHIBITED
This presentation contains forward-looking statements that relate to macro-economic developments (in
particular the development of money and capital market rates), the business and the net assets, financial
position and results of operations of the Deutsche Postbank Group. Forward-looking statements are not
historical facts and are in some instances indicated by words such as "believe", "anticipate", "predict",
"target", "plan", "estimate", "aim", "expect", "assume" and similar expressions. Forward-looking statements
are based on the Company's current plans, estimates, projections and forecasts and are therefore subject
to risks and uncertainties that could cause actual development or the actual results or performance to differ
materially from the development, results or performance expressly or implicitly assumed in these forward-
looking statements.
Readers of this presentation are expressly cautioned not to place undue reliance on these forward-looking
statements, which apply only as of the date of this presentation. Deutsche Postbank AG does not intend
and does not undertake any obligation to revise these forward-looking statements.
Due to rounding, numbers presented throughout this document may not add up precisely to the totals we
provide and percentages may not precisely reflect the absolute figures.
Page 2

Agenda
Postbank at a glance
Key developments at Postbank
Funding
Appendix
Page 3

Postbank - Germany’s leading retail bank
Market leader in German
retail banking
• ~14 million customers
• € 74 bn of retail mortgages
• ~5 million checking
accounts
Profitable
Corporate Banking
• 30,000 domestic
corporate customers
• Core bank to German SME‘s
• Selective, low risk growth
Cost leader in
Transaction Banking
• 8.0 billion transactions
• 98% paperless
• low unit costs
• and highest efficiency
Strong distribution
platform
• 1,104 own branches
• access to several
thousand postal outlets
• Several thousand mobile
sales agents
Page 4

Postbank‘s history at a glance
1909 Introduction of postal money transfer system (Postscheckdienst)
1939 Start of postal savings
1990 Unwinding into stand-alone company Postbank (Postal reform I)
1995 Full banking licence, change into stock corporation (Postal reform II)
1999 100% subsidiary of Deutsche Post AG
2000 Integration of DSL Bank, start of brokerage business
2001 Founding of Postbank Leasing GmbH and of PB Factoring GmbH
Acquisition of PB Capital Corporation in New York (Corporate banking)
2003 Start of SAP for Banking / founding of Postbank Vermögensberatung AG (mobile sales)
2004 Initial Public Offering (IPO)
Start of Transaction Banking
Founding of PB Firmenkunden AG (Corporate Banking)
2005 Acquisition of Deutsche Postbank London Branch
2006 Acquisiton of BHW Holding AG and 855 branches of Deutsche Post AG
Founding of Postbank Finanzberatung AG and of Postbank Filialvertrieb AG
2007 Pfandbrief license / new branch concept
2008 Deutsche Bank AG acquires stake in Postbank; Implementation in 2009
Takeover of further branches of Deutsche Post AG
Deutsche Bank holds 29.88% of Deutsche Postbank AG
2012 Deutsche Bank increases its stake to 93.7%
Deutsche Postbank AG (controlled entity) and DB Finanz Holding GmbH are preparing for a control and
profit and loss transfer agreement
Page 5

Postbank`s ownership structure as of March 2012
freefloat
6.1%
93.9%
Deutsche Bank AG
Deutsche Bank AG increased its stake to 93.9% and is now owner of 205.5 m Postbank-shares
10.3%
13.2%
35.3%
18.8%
Page 6

The role of Deutsche Postbank within Deutsche Bank Group
Quelle: Präsentation Rainer Neske, Barclays Global Financial Services Conference 2011
Page 7

Advantages of a strong Retail Banking
(1) High
liquidity
(3) Low costs
(2) Stable
earnings
(4) Solid asset
quality
Page 8

Retail Banking: Postbank’s multi channel distribution network
Branch distribution
> 1,100 own branches (~1 Mio customer
contacts per day)
> 4,500 partner agencies of Deutsche Post
Area-wide supply of cash
~ 9,000 ATMs within cash group
Cash supply in ~ 1,200 Shell gas
stations and ~ 180 OBI Hardware stores
Mobile distribution
Largest German bank owned mobile
distribution network
Direct distribution
Call Center 7 x 24 hours
Online-Banking and Online-Brokerage
Third party distribution
DSL and BHW mortgage distribution
partners
Page 9

Agenda
Postbank at a glance
Key developments at Postbank
Funding
Appendix
Page 10

Key developments 2011
Financials
Strong improvement of clean profit before tax (PbT): 2011: €984m (+€113m yoy)
One-off items dilute sound performance of customer business:
Impairment of Greek sovereign bonds (€-632m, thereof in Q4 2011: €-105m)
Reported PbT 2011: €78m (Q4 2011: €66m), PaT 2011: €111m (Q4 2011: €105m)
Solid growth of net interest income and improvement of risk provisions
Strong progress in reduction of financial assets (-21% to €46.5bn) and SCP (-46% to €2.0bn)
Material improvement of Tier 1 Ratio: +2.7%-pts since YE 2010 to 10.8%
Management’s Agenda
Further de-risking initiatives: reduction of investment securities and SCP
Strong cost containment stays in focus of all initiatives
Value oriented growth in major product fields
Integration into Deutsche Bank PBC
Page 11

Key developments Retail Banking segment
Profit before tax (€m)
908 940
+3.5%
YE 2010 YE 2011
Net interest income 2,341 2,448
Trading income 15 -9
Net commission income 1,080 1,041
Total income 3,431 3,479
Admin expenses -2,178 -2,259
Risk provisions -355 -295
Profit before tax 908 940
(1) Figures restated
YE 10 YE 11
Key P&L items (€m)
(1)
Comments
PBT growth of 3.5 % due primarily to rise in
net interest income by almost 4.6% y-o-y
Net fee and commission income declined by
3.6% to €1,041 million, partly attributable to
the reduction in the minimum limit for incoming
payments for our free checking account
Risk provisions declined significantly by
16.9% to €295 million due to continuing
positive economic trend in Germany and good
labor market situation
Page 12

PBT 2011: good underlying performance
78
Reported
PBT
FY 2011
Overview of selected non-recurring items FY 2011 (€m)
+4
Trading
income
-673
Income financial
investments
-237 984
Admin.
expenses
Clean
PBT
FY 2011
+13%
871
Clean
PBT
FY 2010
Improvement of clean PbT in FY 2011 vs. FY 2010 (+13%)
One-off burdens are attributable to Greek sovereign bonds (€-632m), SCP (€-19m), losses on sales of
other financial assets (€-73m), staff related provisions (€-142m), alignment of accounting policy for
accruals for partial retirements (€-77m) and a write-down on own real estate (€-18m)
Extraordinary gain due to divestment of our Indian subsidiary (Q1: €+55m)
Bank levy (€-23m) not shown as non-recurring item
Page 13

Net interest income (NII): strong performance driven by customer business
664
Q4 2010
2,405
FY 2009
NII year-on-year (€m)
Comments
2,731
2,910
NII driver for revenue growth in
NII quarter-on-quarter (€m)
726
FY 2010 FY 2011
700
731
Q1 2011 Q2 2011 Q3 2011
753
Q4 2011
2011 (+6,6 %)
Strong performance of NII in retail
banking business due to positive
development in loan and deposit
business
Low interest rate environment
remains challenging for deposit
rich banks
Reduction of financial assets in
line with communicated strategy
results in lower related NII
Page 14

Commission income: investment in free checking account business
Net fee and commission income
y-o-y(€m)
1,316
1,252
FY 2010 FY 2011
(1) Fees from postal services and third party products sold in branches
339
Q4 10 Q1 11
Net fee and commission income q-o-q (€m)
323 310
318
301
Q2 11 Q3 11 Q4 11
Core Banking Fees
Transaction Banking
Non-banking Fees (1)
Core banking fees down €40m in 2011 mainly due to positive one-off items in 2010 and reduced hurdle
rate for free checking accounts
Decline of total commission income of 4.9 % to €1,252m
50%
40%
10%
Page 15

TI and IIS: dilution from Greek government debt crisis
Trading income and income from investment securities (€m)
-26 -55
Trading income
-2
82 10
Income from investment securities
-182
-7
-349
63
-105
Q4 10 Q1 11 Q2 11 Q3 11 Q4 11
-426
-19
Burdens related to SCP (€m)
+13
FY 10 FY 11 Q1 11 Q2 11 Q3 11 Q4 11
-24
-6 -2
Comments
Trading income (TI) in 2011
- SCP €+4m
Income from investment
securities (IIS) in 2011
- One-off gain attributable to
divestment of Deutsche Postbank
Home Finance Ltd. (€55m) in Q1
- Impairment of Greek sovereign
bonds €-632m
- SCP €-23m
- impairment and realizations
bonds and mutual funds and
losses on other risk positions
€-73m
Page 16

Admin expenses: increase due to several one-off items
2,864
1,458
1,406
FY 2009
Personnel costs
Non recurring items
891
788
758
Q4 10
30
Admin expenses y-o-y (€m)
2,934
1,492
1,442
FY 2010
Admin expenses q-o-q (€m)
736
155
738
Other expenses
734
3,204
1,580
1,624
FY 2011
841
759
Q1 11 Q2 11 Q3 11 Q4 11
82
Comments
Significant non recurring items of
€-237m in FY 2011 dilute overall
good underlying cost development:
- staff related provisions
(€142m)
- alignment of accounting policy
for accruals for partial
retirements (€77m)
- write-down on own real estate
(€18m)
€23m for the bank levy in 2011
Acquisition of 277 branches in 2010
lead to structural increase of cost
base by €54m in 2011
Page 17

200
150
100
Risk provisions: net addition ratio significantly below 2010 level
FY 10 FY 11
50
0
561
FY
2003
383
FY
2004
Risk provisions (€m) Comments
112
95
Q4 10 Q1 11
106
Net addition ratio (NAR) (1)
Postbank European banks sector
FY
2005
FY
2006
FY
2007
80
Q2 11 Q3 11
FY
2008
(bps)
(1) Net addition ratio (llps/total customer loans); sector data: UBS Research / Q3 2011
FY
2009
FY
2010
102
Q4 11
80 bps e
2011: 35bps
FY
2011
NAR for total loan book 35bps;
significantly below FY 2010
(50bps) and the European
banks sector
Credit quality supported by
good macroeconomic
development in Germany
Page 18

Successful derisking in 2011
Development of investment portfolio (in €bn)
59.0
-21% 21%
46.5
FY 2010 FY 2011
Development of SCP (in €bn)
3.7
-46% 46%
Structured credit portfolio (SCP) reduction of €1.7bn in 2011, thereof €0.2bn in Q4 2011
Financial assets decreased by 43% since 9M 2008 which goes along with a reduction by 21% in
2011 => On track to achieve the envisaged reduction of up to 45% by the end of 2013 already in
early 2012
Total assets at €192bn, down €23bn vs. 2010
2.0
FY 2010 FY 2011
Page 19

Tier 1 ratio: strong improvement in 2011
6.6
YE 2009
Basel II Tier 1 ratio (%)
8.1
YE 2010
Risk-weighted assets and Tier 1 ratio
10.8
YE 2011
YE 2009 YE 2010 YE 2011
Credit and counterparty risk (€m) 57,738 58,100 51,038
Market risk positions (€m) 9,725 3,863 2,462
Operational risk (€m) 6,538 4,400 3,550
Tier 1 ratio (%) 6.6 8.1 10.8
Comments
Tier 1 ratio improved by
2.7%-pts in 2011
Positive effects from derisking
of portfolio
(SCP, financial assets, CRE)
Target of >9.5% Tier 1 ratio for
YE 2012 already achieved
Further initiatives to strengthen
capitalization on track
Page 20

Agenda
Postbank at a glance
Key developments at Postbank
Funding
Appendix
Page 21

0.1
1.0
3.9
Funding: Liquidity rich - strong deposit base
109.3
30.3
74.0
YE 2010
Customer loans (€bn)
0.1
1.0
4.2
108.9
29.7
73.9
YE 2011
Corporate
Other
Overdrafts
Consumer
Home
finance
116.2
22.3
20.1
YE 2010
Customer deposits (€bn)
• Because regulatory requirements impose need for long refinancing (NSFR)
• Mortgage business as an attractive pre-requisite for future Pfandbrief issues
17.0
56.8
20.1
113.0
19.8
20.7
17.7
54.8
YE 2011
Corporate
Sight
Home
savings
Savings
Page 22

Funding
Broadening of our diversified funding mix…
Strong deposit base due to high volume in savings, home savings and funds on checking accounts
Loan Deposit Ratio in the customer business below 100 % after high liability surpluses in previous years
High share of owner-occupied residential home finance is ideal to issue Mortgage Pfandbriefe
for long term funding
…by launching a Debt Issuance Programme
Debt Issuance Programme (DIP) since December 2007
To optimize the funding at the same time Postbank requested a Pfandbrief licence
Inaugural Jumbo Mortgage Pfandbrief issued in January 2008
Follow up Jumbo Mortgage Pfandbrief in May 2008 and February 2009
Inaugural Public Sector Pfandbrief in July 2009; tapped in August 2009
First 10 year Jumbo Mortgage Pfandbrief since summer 2009 placed in March 2010
In February 2011 Postbank launched a successful 10 year Jumbo Mortgage Pfandbrief
Privat placements issued frequently
Page 23

Postbank Pfandbriefe / Covered Bonds Maturity Profile
3,500
3.500
3,000 3.000
2,500 2.500
2,000 2.000
1,500
1.500
1,000
1.000
500
Volume (in €m) as of March 31, 2012
Total: ~€23bn
0
2012
2.49
2013 20140.2 2015
0
0.22
2016 2017 2018 2019 2020 2021 2022 2023 2024 >2025
1.40 2.00
Outstanding issues amounted to ~€31bn, more than 70 percent are covered bonds
2.49
1.07 2.00
2.49 Achieve a balanced 1.40proportion between 2.00small
taylor made products and benchmark issues
Emphasis on Mortgage Pfandbrief as strategic key funding instrument
In 2011 the issued volume was reduced due to Postbank´s comfortable liquidity situation
Page 24

Postbank Jumbo Pfandbriefe Maturity Profile
in €m
1,500
1,000
500
0
due
01/2013
due
05/2015
Outstanding Issues
Total: €7.00 bn
due
02/2014
due
07/2014
due due
03/2020 02/2021
Mortgage Pfandbriefe Public Sector Pfandbriefe
Comments
Aaa/AAA/AAA for all
Public and Mortgage
Pfandbriefe
After receiving the
Pfandbrief licence the first
Jumbo Pfandbrief
launched in January 2008
Today strategic
benchmark issues
amounts to € 7 bn
Strong Focus on Mortgage
Pfandbriefe in line with our
business model
Page 25

Postbank Mortgage Collateral Pool: Distribution by property type
Residential mortgage loans (% of numbers of loans)
27.6
(1) As of March 31, 2012
3.9
owner-occupied houses
owner-occupied apartments
Rented houses
Rented apartments
Total: 92,969 / € 7.82 bn (1)
66.1
Comments
Total pool size of € 8.56bn with
€ 7.82bn of residential mortgage
loans across Germany only
Almost 94% of the financed
properties are owner-occupied
residential homes
Substitute collateral of € 0.73 bn in
highly liquid State bonds
No exposure in Portuguese,
Italian, Irish, Greek or Spanish
Bonds
Page 26

Postbank Mortgage Collateral Pool: Distribution by region
Total: 92,969 / € 7.82 bn. (1)
(1) As of March 31, 2012
Residential Mortgage Loans (in %)
Thuringia
Mecklenburg Western
Pomerania
Hamburg
Saxony-Anhalt
Rhineland Palatinate
Saxony
Berlin
Brandenburg
Schleswig-Holstein
Hesse
Bremen
Saarland
Lower Saxony
North-Rhine
Westphalia
Bavaria
Baden -
Wuerttemberg
Comments
The collateral pool purely consists of
German residential assets (despite of
substitute collateral)
It is broadly diversified throughout
Germany, almost in line with the
general distribution of mortgage
loans in Germany
Granular Cover Pool: Average
Mortgage loan size EUR 84,128
Over 99% of the loans are smaller
than 250 tsd Euro
Loans valuate already longer than
58 months (weighted average)
Page 27

Postbank Mortgage Collateral Pool: Risk management features
Value of Mortgage Pool as of March 31, 2012
Mortgage
Assets
Mortgage
Pfandbriefe
in circulation
Overcollateralisation
(in €bn) (in €bn) (in €bn) (in %)
Nominal
(Pfandbrief Act) 8.56 7.26 1.30 17.90
NPV
(Net present value)
+ 100 bp
dynamic method
./. 100 bp
dynamic method
10.06 8.04 2.02 25.12
9.42 7.59 1.83 24.11
10.77 8.55 2.22 25.96
Comments
Results from stress tests
(dynamic method) show a
very comfortable overcollateralization
(2% required by law)
No non-performing loans in
the pool; they are
immediately removed once
they occur
Page 28

Postbank Public Sector Collateral Pool
Structure of Public Sector Pool (1) Comments
Total: ~ €2.7bn
KfW guaranteed residential
mortgage loans
(1) As March 31, 2012
~ 15.4 %
~ 84.6 %
Public Sector Bonds
Pool rating of
Comments
AAA by Standard & Poor's
Aaa by Moody's
AAA by Fitch Ratings
There are two components in the pool:
- KfW guaranteed residential mortgages
- Public Sector Bonds
Since the mortgage portfolio is containing
exclusively seasoned residential mortgages in
small sizes, Postbank opted for the KfW
guarantee as the most cost efficient way to
achieve cover pool eligibility for the portfolio
0% risk weighted pool
Page 29

Postbank Public Sector Collateral Pool
Structure of Public Sector Pool (1)
Total ~ €2.7bn The portfolio of public guaranteed
residential mortgage loans:
Public guaranteed
residential mortgage
loans
15%
Austria
German regional
authorities
1% 34%
Belgien
9%
EU
9%
(1) As of March 31, 2012
German institutions
32%
Comments
Purely German residential mortgages
Geographically diversified throughout
Germany
High granularity – ø loan size of € 52,074
Very low (WA) LTV of < 41%
(WA) seasoning of ø15 years
(WA) maturity of ø 3.6 years
Results in triple protection for the
investor:
Via Postbank directly
Via the collateral pool
Via KfW guarantee on residential mortgages
No exposure in Portuguese, Italian, Irish,
Greek or Spanish bonds
Page 30

Postbank Public Sector Collateral Pool: Risk management features
Value of Public Sector Pool as of March 31, 2012
Nominal
(German Mortgage
Bank Act)
NPV
(Net present value)
+ 100 bp
dynamic method
./. 100 bp
dynamic method
Public
Sector
Assets
Public Sector
Pfandbriefe
in circulation
Overcollateralisation
(in €bn) (in €bn) (in €bn) (in %)
2.70 1.90 0.80 42.11
2.88 2.04 0.84 41.18
2.79 1.98 0.81 40.91
2.97 2.10 0.87 41.43
Comments
Results from stress tests
(dynamic method) show
a very comfortable over- overcollateralization
(2% required by law)
Page 31

Agenda
Postbank at a glance
Key developments at Postbank
Funding
Appendix
Page 32

Selected non recurring items FY 2011
(€m) Q1 Q2 Q3 Q4 FY11
Total -96 -223 -384 -203 -906
Trading income +4 -1 +1 0 4
SCP +4 -1 +1 0 4
Income from investments +55 -222 -385 -121 -673
SCP +9 -23 -7 -2 -23
Other bonds and mutual funds -9 -13 -37 -14 -73
Greek sovereign bonds -186 -341 -105 -632
Divestment Indian subsidiary +55 +55
Admin. expenses -155 -82 -237
Staff related provisions -52 -90 -142
Accruals for partial retirement -103 26 -77
Write down of fixed assets -18 -18
Page 33

Balance sheet
(€m) 12/31/09 12/31/10 12/31/11
Assets
Loans and advances to other banks 14,467 12,140 20,322
Loans and advances to customers 111,043 111,783 110,740
Allowances for losses on loans and advances -1,641 -1,764 -1,826
Trading assets 20,471 24,150 6,892
Investment securities 72,359 58,980 46,480
Other items (1) 9,910 9,395 9,374
Total assets 226,609 214,684 191,982
Shareholders' equity and liabilities
Deposits from other banks 39,318 22,419 20,024
Due to customers 131,988 136,476 134,126
Securitised liabilities 16,722 12,860 12,727
Trading liabilities 22,434 26,174 8,591
Provisions 2,148 2,287 2,557
Other items (2) 8,478 8,841 8,248
Shareholders' equity 5,251 5,627 5,709
Total shareholders' equity and liabilities 226,609 214,684 191,982
(1) Cash reserve, Hedging derivatives, Property and equipment, Intangible assets, Deferred tax assets, Other assets
(2) Hedging derivatives, Other liabilities, Subordinated debt
Page 34

(€m)
P&L: quarterly overview
Group
Q4 11
Group
Q3 11
Group
Q2 11
Group
Q1 11
Group
Q4 10
Group
Q3 10
Group
Q2 10
Group
Q1 10
Net interest income 753 731 700 726 664 721 671 675
Net trading income
Net income from investment
63 -7 10 -2 -26 -92 -40 -83
securities
-105 -349 -182
82 -55 0 26
28
Net fee and commission income 301 318 310 323 339 318 316 343
Total income 1,012 693 838 1,129 922 947 973 963
Administrative expenses
Allowances for losses on loans
-841 -734 -738 -891 -788 -738 -716 -692
and advances
-102 -80 -106 -95 -112 -134 -175 -140
Other income / expenses -3 -11 8 -1 -3 -4 12 0
Profit before Tax 66 -132 2 142 19 71 94 131
Net profit 105 -92 -7 105 -80 65 57 96
Cost / income ratio 83.1% 105.9% 88.1% 78.9% 85.5% 77.9% 73.6% 71,9%
Return on equity before taxes 4,6 % -9.1% 0.1% 9.9% 1.3% 5.1% 6.8% 9,8%
Page 35

P&L: segment reporting
(€m) RB CB TB FM
CC /
Cons
Group
Net interest income FE 2011 2,448 567 2 -112 5 2,910
Net interest income FE 2010 (1) 2,341 624 2 -228 -8 2,731
Trading income FE 2011 -9 0 0 79 -6 64
Trading income FE 2010 (1) 15 0 0 -255 -1 -241
Income from investments FE 2011 -1 0 0 -612 59 -554
Income from investments FE 2010 (1) Income from investments FE 2010 -5 -14 0 18 0 -1
Net fee income FE 2011 1,041 106 327 -12 -210 1,252
Net fee income FE 2010 (1) 1,080 123 363 -5 -245 1,316
Total revenues FE 2011 3,479 673 329 -657 -152 3,672
Total revenues FE 2010 (1) 3,431 733 365 -470 -254 3,805
Admin expenses FE 2011 -2,259 -152 -295 -132 -366 -3,204
Admin expenses FE 2010 (1) -2,178 -151 -318 -106 -181 -2,934
Loan loss provisions FE 2011 -295 -85 0 -3 0 -383
Loan loss provisions FE 2010 (1) -355 -209 0 3 0 -561
Other income / expenses FE 2011 15 12 14 -3 -45 -7
Other income / expenses FE 2010 (1) 10 9 20 2 -36 5
Profit before Tax FE 2011 940 448 48 -795 -563 78
Profit before Tax FE 2010 (1) 908 382 67 -571 -471 315
(1) Figures restated
Page 36

Commercial real estate: reduction of loan volume and net addition ratio
95
Net addition ratio (1) (bps)
2008 restated 2009 2010 2011
127
83
42
Total portfolio
123
228
101
15
PB London (UK)
& PB Capital (US)
CRE loan volume (€bn)
18.0 17.6
(1) Annualized loan loss charges / average loan exposure
16.6
YE 2009 YE 2010 YE 2011
Comments
Annualised net addition ratio (NAR) for CRE
at 42 bps
Total CRE loan volume declined by 5.7%
since YE 2010 due to selective new business
activities
CRE loan volume by region 2011 (%)
Western
Europe
21
North
America
20
Other
9
UK
16
Germany
34
Page 37

For further details join us on our homepage (https://ir.postbank.de)
Page 38

Contact
Postbank: Credit & Capital Markets
Christian Herter
Abteilungsleiter Credit & Capital Markets
christian.herter@postbank.de
Tel. +49-(0)228/920-51550
Sabine Bosch
sabine.bosch@postbank.de
Tel. +49-(0)228/920-54103
Georg Briele georg.briele@postbank.de
Tel. +49-(0)228/920-54104
Claudia Burgner
claudia.burgner@postbank.de
Tel. +49-(0)228/920-54102
Marc Heimeroth
marc.heimeroth@postbank.de
Tel. +49-(0)228/920-54102
Richard von Heusinger
richard.vonheusinger@postbank.de
Tel. +49-(0)228/920-51551
Franziska Berndt
franziska.berndt@postbank.de
Tel. +49-(0)228/920-54101
Page 39