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Eurogiro - Your Global Payments Community

Eurogiro is a unique payments network that connects different payments "ecosystems", e.g. postal organisations, post banks, commercial banks and other payment service providers, focusing on cross border high volume - low value payments.

Eurogiro facilitates members' cooperation in the field of international payments and offers efficient solutions supporting their offering to clients. Thereby Eurogiro helps increasing the business of its members.

To learn more, contact us at [email protected] or read What Eurogiro can do for you.

Press release

Lisbon, October 26, 2007

New structure intended to support ambitious growth targets/Deutsche Postbank AG CIO becomes Chairman

Eurogiro, the world's second largest network provider for cross-border payment transactions, is repositioning itself. The Management Board and shareholders of the company, headquartered in Denmark, decided October 26 in Lisbon for transformation into a group. Under a holding company responsible for strategic management and cross-divisional tasks, there are three subsidiaries with clearly demarcated operative tasks. In addition to his mandate as CIO of Deutsche Postbank AG, Dirk Berensmann will act as Chairman of the new Eurogiro Holding A/S, The new structure means we can pursue our ambitious growth strategy much more efficiently and extend our worldwide business-to-business network. The focus will remain on cross-border payments for retail and wholesale financial services providers and business involving cross-border cash payments. Eurogiro intends to increase the number of financial service providers which use the network from the present 60 up to 100 by 2010, thus increasing the transaction volume from the current 30 million up to 45 million transactions annually.

The subsidiaries of Eurogiro Holding, founded October 26, will be spun off from the present Eurogiro Network A/S in May 2008 retroactively to January 1, 2008. Eurogiro Network remains a legal entity up to this time.

The new companies are:

- Eurogiro Holding A/S. Responsible for strategic management and services for the entire Group (HR, marketing, finance, law etc.) Chairman: Dirk Berensmann (Deutsche Postbank), Chief Executive Officer: Tjeerd Rienstra

- Eurogiro A/S. Responsible for worldwide network coverage and client management. Current clients and contractual partners will be transferred to the new company on the same conditions. Chairman: Henk Kruidenier (until 2005 ING Bank), Chief Executive Officer: Søren Rose.

- NewCo A/S. Responsible for the development of new, multilateral solutions for large banks and large payment transactions service providers. Chairman: Paul Camp (Deutsche Bank), Chief Executive Officer: Tjeerd Rienstra

- IT/OPS A/S. Responsible for system infrastructure including cooperation within the IT and Operations division. Chairman: Dirk Berensmann (Deutsche Postbank), Chief Executive Officer: Uwe Holmsgaard

Henrik Parl, CEO at Eurogiro Network for 11 years, will remain as CEO of Eurogiro Network AS until its conclusion in May 2008. He will subsequently be leaving the company of his own accord to take on new responsibilities.

About Eurogiro Eurogiro Network A/S, headquartered in Denmark, is a worldwide affiliation of post-banks and financial institutions for the support of their international payment transactions. Eurogiro offers its clients and partners rapid, secure and economical solutions for cross-border payments including payment instructions. The network currently comprises more than 60 postbanks, postal organizations, banks and contractual partners. Further information available at



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