The fall of 276 million francs year-on-year was due in part to the 164 million franc decline in the result from the interest differential business. In addition, a one-off gain from the sale of two equity portfolios amounting to 109 million francs had a positive effect in the prior-year period. You can find detailed information on the previous financial year in the Annual Report 2018.
Annual Report
The current PostFinance Ltd Annual ReportIn the financial year 2018, PostFinance generated earnings before tax (EBT) as per Group IFRS guidelines of 187 million francs.
Annual report and overview of key figures
Here you can find an overview of the key financial figures for financial year 2018.
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Interview with the CEO
In this interview, CEO Hansruedi Köng explains how he intends to make PostFinance the number one digital retail bank in Switzerland, why the lending prohibition should be lifted quickly, and the measures he is taking to combat falling interest margins.
Strategy
PostFinance wants to become the number one digital retail bank in Switzerland. It is therefore evolving from a traditional financial service provider into a digital powerhouse. By creating the ideal combination of the physical and digital worlds, it offers its customers a consistently positive customer experience.
Lifting of the lending prohibition
In the future, PostFinance should be allowed to issue its own loans and mortgages. To this end, the Federal Council has instructed DETEC and the FDF to draw up a consultation draft on a partial revision of the Postal Organization Act. Felicia Kölliker, Head of Risk, Legal & Compliance and Member of the PostFinance Executive Board, gives her view of the Federal Council’s policy decision.
Replacement of the core banking system
After adapting more than 60 applications and hundreds of interfaces, simulating tens of thousands of test cases over many months and rehearsing the go-live around the clock several times, the moment of truth finally arrived at Easter 2018 – PostFinance introduced its new core banking system. During this modernization, Business Development and IT worked hand in hand. Beat Jaccottet and Markus Fuhrer, the heads of these two units, take stock.
Financial investment
Anyone looking to save money over the medium and long term is well served by the funds on offer from PostFinance. They allow private individuals to become investors, even with relatively small amounts of money. PostFinance offers around 50 products which it has selected itself and reviews carefully on a regular basis, sometimes in conjunction with external partners.
PostFinance as an employer
PostFinance is transforming itself into a digital powerhouse. Its employees play a key role in this. To prepare themselves as best they can for the upcoming challenges, they are acquiring new skills or continuing to develop existing skills. The move2digital project supports them in this.
Digital banking
Many customers still carry out their banking transactions non-digitally. PostFinance wants to reduce the share of these customers and support them in their transition from the analogue to the digital world. The goal is “digital banking – easy and for everyone”.
Blockchain
PostFinance is following the development of blockchain technology with great interest. In 2018, together with Energie Wasser Bern (ewb), it launched the blockchain-based pilot project “B4U” for simple and efficient electricity billing.
Esports
Five gamers are spending a year training their skills in the online strategy game League of Legends: this is Esports Experiment, launched by PostFinance in summer 2018. PostFinance is looking to use its commitment to digital sports to gather valuable experience in an exciting market.
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