DSL Bank signs agreement on KfW global loan worth EUR 700 million for private home owners

Frankfurt (ots) - This year DSL Bank will be providing private
housing loans backed with KfW funds. To this end Deutsche Postbank
AG, of which DSL Bank is a division, and KfW Bankengruppe signed
their first global housing loan agreement for EUR 700 million in
Frankfurt today. Global loan funds will thus be available to private
individuals for home purchase and for construction measures on
owner-occupied housing. The particular advantage of this arrangement
is that the global loan gives DSL Bank access to funds to which KfW's
favourable conditions apply.

"Through our cooperation partner, customers can benefit fully from
the advantages of KfW funding," emphasised Dr Wolfgang Klein, who is
the Postbank Board Member in charge of the DSL Bank brand. "This adds
another interest advantage to DSL Bank's comparatively favourable
conditions." Klein announced that he would be reviewing the
possibility of using KfW's promotional model for other marketing
channels at the Postbank. DSL Bank's financing products are marketed
solely through freelance agents and cooperation partners.

"With today's global loan, we are pleased to extend our successful
cooperation with the Postbank to the area of housing finance. The
Postbank is a strong partner for the marketing of our promotional
products in Germany," explained Dr Günther Bräunig, a member of Board
of Managing Directors of KfW Bankengruppe. "The global loan for
private housing construction is an up-to-date financing instrument
with a broad promotional impact," he went on to say. "It is of
particular advantage to private home owners/builders and also
benefits the construction industry in Germany, particularly
construction-related crafts." Further cooperation is planned between
KfW and the Postbank in the area of global loans.

The global loan is one of KfW Bankengruppe's promotional products
available to all credit institutions and comes in two variants - for
private housing construction and for SMEs. It offers banks
flexibility in structuring their lending and is easy to handle. Since
the global loan was introduced in 2002, KfW Bankengruppe has
committed just under EUR 18 billion to commercial banks and
Landesbanken for the purpose of promoting SMEs and private housing
construction.

Originaltext: KfW
digital press kits: http://presseportal.de/story.htx?firmaid=41193
press kits via RSS: feed://presseportal.de/rss/pm_41193.rss2

Press contacts:

Postbank: Hartmut Schlegel
Phone: +49 228 92012103
E-Mail: hartmut.schlegel@postbank.de

KfW Bankengruppe: Nathalie Drücke
Phone: +49 69 7431 2098
E-Mail: nathalie.druecke@kfw.de

KfW, Palmengartenstraße 5-9, 60325 Frankfurt
Kommunikation (KOM)
Tel. 069 7431-4400, Fax: 069 7431-3266,
E-Mail: presse@kfw.de, Internet: www.kfw.de