DHL 2000 Annual Report Download - page 75

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FINANCIAL SERVICES
67
Our retail outlets have achieved very high growth rates in the marketing and
sales of investment funds (+380%).
The private loan that Postbank has been offering since it received its full-
service bank license in 1995 has continued to establish a place for itself in
the market. The loans volume rose by around 37% from €435 million at
the end of 1999 to €596 million last year.
Postbank and DSL Bank’s building loans business developed positively in
2000,with the loans volume increasing from €1.3 billion at the end of
1999 to €12.4 billion.
Thanks to the merger with DSL Bank,Postbank was able to offer products
such as commercial financing,bank refinancing and international public-
sector lending for the first time in 2000.Together we were able to increase
DSL Bank’s loan portfolio by 16% from €14 billion in early 2000 to €16.3
billion.The growth resulted primarily from new business involving domes-
tic and international commercial real estate financing and foreign bank
refinancing.
A clear leap forw ard
The FINANCIAL SERVICES corporate division’s profit from operating
activities, before amortization of goodwill (EBITA) rose over the past year
from €58 million as per 1999 to €505 million. The clear EBITA growth
results from the integration of DSL Bank and above all from an improve-
ment in the original Postbank profits.
Investing in technology for the future
In 2000 we stepped up our investments in IT,for instance developing further
our banking software (SAP), concentrating our IT centers, expanding the
brokerage business and building a denser network ofATMs.We also invest-
ed in the integration of DSL Bank and the expansion of the retail outlets.
FINANCIAL SERVICES corporate division: EBITA
in millions
1999* 2000
505
58
* Restated, see Notes 6 and 7 to Consolidated Financial Statements.