PostFinance enjoys a high level of confidence among its customers. In 2008 it posted unprecedented growth. 120,000 customers decided to do business with PostFinance last year. The financial arm of Swiss Post also increased the number of customer accounts by 311,000, and the inflow of new money totalled CHF 5.9 billion on average over the year. Profit amounts to around CHF 235 million. Given the financial crisis and the necessary writedowns, the result is solid.
PostFinance is a secure financial institution that enjoys a high level of confidence among the Swiss public and in the corporate sector. In 2008 it posted growth at an unprecedented level. The financial arm of Swiss Post acquired 120,000 new customers last year and raised the number of accounts by 311,000. Compared with the record year 2007, this corresponds to a 55% increase in new customers (2007: 77,000) and growth of as much as 71% for accounts (2007: 182,000). Thanks to the considerable inflow of new money of CHF 5.9 bn on average (2007: CHF 3.4 bn), customer deposits increased to CHF 49.3 bn on average for the year. This corresponds to a 12.8% increase. At the end of 2008, customer deposits amounted to CHF 64.2 bn as a result of the extraordinarily strong fourth quarter. Last year, PostFinance created 180 new full-time jobs in Switzerland.