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Quarterly result reflects challenges facing Swiss Post

Swiss Post generated a lower result in the first quarter of 2019 than in the prior-year period. At 130 million francs, Group profit was down 17 million francs year-on-year. At 172 million francs, operating profit (EBIT) was also 35 million lower than in the previous year.

LEND acquires Lendico and enters into partnership with PostFinance

PostFinance and Switzerlend AG − the parent company of the crowdlending platform LEND.ch − have agreed to enter into a close partnership: LEND will take over 100% of the PostFinance subsidiary Lendico Schweiz AG. In return, the financial service provider will acquire a participation in LEND and will bring its strong brand to the relationship.

E-finance restrictions over the weekend of 18/19 May 2019

We are further enhancing e-finance and e-trading for you. On Saturday 18 and Sunday 19 May 2019, both online services are therefore only available to a limited extent.

Attention phishing

Cyber-criminals regularly attempt to gain access to computers and online banking via fraudulent e-mails. There is currently a phishing e-mail in circulation that asks the recipient to update their E-Finance login account.

Despite lower result: Swiss Post on the right track in challenging environment

In the year under review 2018, Swiss Post achieved good results in many units. However, at 405 million francs, Group profit was down 122 million francs year-on-year. In particular, the difficult operating framework at PostFinance and the settlement for repayments following the events at PostBus contributed to the lower result. At 501 million francs, operating profit (EBIT) was 217 million lower than in the previous year. This confirmed Swiss Post’s expectations.

PostFinance launches digital mortgage brokerage platform

With the Valuu app, PostFinance has launched the first fully digital mortgage brokerage platform. It provides users with easy, fast access to a suitable mortgage from various providers, regardless of time or location – whether it be a new purchase or replacement.

Interest statements now available to download in e-finance

The interest statements for the year 2018 have been available to download in e-finance under “Documents” since 3 January.

Q3 2018: Quarterly figures confirm Swiss Post’s forecasts

Swiss Post achieved good results in many units again in the third quarter of 2018. At 317 million francs, Group profit, however, was down 186 million francs year-on-year, confirming Swiss Post’s forecasts. The difficult operating framework at PostFinance and corrections at PostBus are the main factors which continue to impact Group figures. This is also reflected in the operating profit (EBIT) of 384 million francs.

COMCO investigation regarding mobile payment solutions

The Competition Commission (COMCO) has launched an investigation in which PostFinance is also involved. PostFinance is cooperating with the competition authority to clarify the matter.

Isabella Stalder appointed new Head of Internal Auditing at PostFinance

PostFinance Ltd’s Board of Directors has appointed Isabella Stalder as the new Head of Internal Auditing at PostFinance. She will take up her position on 1 February 2019 and succeeds Robert Thommen, who is retiring.

Giulia Fitzpatrick and Jürg Brun named as new members of the PostFinance Board of Directors

The extraordinary PostFinance Ltd General Meeting has elected Giulia Fitzpatrick and Jürg Brun, both of whom were nominated by the Swiss Post Ltd Board of Directors, as new members of the PostFinance Ltd Board of Directors. They succeed Susanne Ruoff and Adriano P. Vassalli, who have left the Board.

PostFinance chatbot now available in French

PostFinance has set up a virtual assistant on its website – the first Swiss financial institution to do so. It automatically and quickly answers questions that customers frequently ask whilst maintaining the same level of quality. The virtual assistant has also recently learned French. PostFinance worked together with the IT service provider, ELCA, for the development of the chatbot.

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