Press Release

PostFinance’s success

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PostFinance has been successful in the first semester of 2012. Profit amounted to CHF 296 million. Swiss Post’s financial institute gained 63,000 new customers who opened 134,000 new accounts. The administered customer assets amounted to CHF 102 billion. In a difficult context, PostFinance created 42 new full-time jobs. Preparatory work for assigning PostFinance under the FINMA are going as planned.

PostFinance generated a profit of CHF 296 million in the first semester of 2012. This was 9.5 percent lower compared to the same period of the previous year (CHF 327 million). This result was primarily due to the historically low interest rates on the financial markets. PostFinance sometimes deposits customer’s money interest-free at the Swiss National Bank, which heavily pressures the interest margin. The administered customer assets amounted to CHF 102 billion at the end of June.

New postal accounts and jobs

In the first semester of this year, PostFinance opened 134,000 new accounts and gained 63,000 new customers. All together, the financial institute had a total of over 2.85 million customers with almost 4.5 million accounts by the end of June. Half of the customers manage their finances electronically with e-finance: 1.4 million users have made PostFinance the number one in Swiss online banking. PostFinance once more increased the amount of full-time jobs between January and June 2012 - this time by 42 positions to 3,464.

On the way to PostFinance AG

The Swiss parliament had adopted a new Postal Organisation Act at the end of 2010. Amongst other things, it contains Post Finance’s transformation into a public limited company as well as assigning it under the Swiss Financial Market Supervisory Authority (FINMA). The start as a public limited company is planned for the next year. The preparatory works are currently in progress. PostFinance will have a Board of Directors and its own internal auditing department. PostFinance AG will be provided with equity in accordance with the financial market requirements. The FINMA will determine its amount and the time of provision as part of the authorisation process.

PostFinance key figures Q2/2012

Q2/2011

2011
PostFinance key figures
Company profit EBT (CHF million)
including associated companies (SIC, SECB)
Q2/2012
296
Q2/2011
327
2011
591
PostFinance key figures
Operating income (CHF million)
- Net interest income after losses
- Income from the commission and service business
- Income from the trade business
Q2/2012
745
533
146
66
Q2/2011
760
541
147
69
2011
1'474
1'024
301
147
PostFinance key figures
Operating expenses (CHF million)
- HR expenses
- Material expenses
Q2/2012
446
239
207
Q2/2011
424
225
199
2011
872
446
426
PostFinance key figures
Amount of customers (effective day, in thousands)
Q2/2012
2'874
Q2/2011
2'738
2011
2'811
PostFinance key figures
Amount of customer accounts (effective day, in thousands)
Q2/2012
4'470
Q2/2011
4'182
2011
4'336
PostFinance key figures
Customer assets (annual average, CHF million)
Q2/2012
102'062
Q2/2011
89'878
2011
92'225
PostFinance key figures
Funds and securities (effective day, CHF million)
Q2/2012
4'367
Q2/2011
3'979
2011
3'998
PostFinance key figures
Mortgages from private customers (effective day, CHF million)
Q2/2012
3'918
Q2/2011
3'444
2011
3'684
PostFinance key figures
Loans to business customers (effective day, CHF million)
Q2/2012
6'216
Q2/2011
6'139
2011
6'842
PostFinance key figures
E-finance users (effective day, in thousands)
Q2/2012
1'415 
Q2/2011
1'280
2011
1'350
PostFinance key figures
Staff (full-time positions, annual average)
Q2/2012
3'464
Q2/2011
3'395
2011
3'422
PostFinance key figures
Millions of processed transactions (deadline, accumulated)
Q2/2012
458
Q2/2011
446
2011
907