Press Release

Annual result 2007 181,000 new postal accounts opened

PostFinance continues to grow. Last year, Swiss Post's financial arm chalked up significant growth in both accounts and new money. The number of accounts rose by 181,000 to over 3.3 million (+5.7%). Over half of these are Deposito accounts for savings: PostFinance's strong growth in this area bucked the market trend. New money accounted for 3.4 billion Swiss francs. Thanks to this expansion, PostFinance has been able to create 183 full-time jobs throughout Switzerland. PostFinance operates in the retail banking sector and specializes in payment transactions. Last year, Swiss Post's financial arm posted strong growth again. PostFinance saw 181,000 new postal accounts opened – a record figure that brought the total to 3.3 million by the end of the year (+5.7%). Over half of the new accounts were opened in the savings segment, an area in which PostFinance again positioned itself as a financial institution for savers. The number of Deposito accounts rose by 100,000 to 950,000 and the savings volume soared to 12.2 billion Swiss francs. Compared with the year-back period this corresponds to an increase in volume of 8.5 percent, whereas the Swiss savings market declined by 9.3%, according to Swiss National Bank figures. The inflow of new money also increased significantly to 3.4 billion Swiss francs. Customer deposits rose by 7.5% to 43.7 billion francs. Thanks to this growth, PostFinance was able to create 183 full-time jobs throughout Switzerland.

Market position in e-finance and payment transactions consolidated

Growth in the electronic account management segment continues uninterrupted with e-finance. 98,000 persons registered for e-finance last year, which corresponds to over 8,000 customers per month. With around 850,000 e-finance customers, PostFinance is the clear market leader in the Swiss online-banking field. It has also consolidated this position in payment transactions in Switzerland. Processed transactions rose from 803 million in 2006 to 823 million in 2007.

Substantial increase in earnings

For 2007 PostFinance will post a profit that is well above the previous year's figure.

Key figures for PostFinance 2007 2006
Key figures for PostFinance
Number of customer accounts (thousands)
2007
3'335
2006
3'154
Key figures for PostFinance
Customer deposits (CHF m)
2007
43'667
2006
40'604
Key figures for PostFinance
Influx of new money (CHF m)
2007
3'409
2006
2'548
Key figures for PostFinance
Volume of funds and securities (CHF m)
2007
2'818
2006
2'605
Key figures for PostFinance
Volume of mortgages for private customers (CHF m)
2007
1'944
2006
1'819
Key figures for PostFinance
Volume of loans to business customers (CHF m)
2007
3'160
2006
2'649
Key figures for PostFinance
E-finance users
2007
858'587
2006
760'585
Key figures for PostFinance
Headcount (annual average)
2007
2'709
2006
2'526
Key figures for PostFinance
Processed transactions (in millions)
2007
823
2006
803


The exact results of all units of Swiss Post will be published at the press conference for analysts on 19 March 2008.