Swiss Post delivers solid result and increases investments amid growing pressure on its core business
Swiss Post is continuing to face pressure in its core business due to the accelerating pace of structural change. As a result, Swiss Post recorded an operating profit (EBIT) of 704 million francs for 2016. That is 119 million francs less than in the previous year. Operating income is solid at 8,188 million francs.
PostFinance Top Scorer: 345 400 francs for ice hockey juniors
Payday for Swiss junior ice hockey: The 24 PostFinance Top Scorers in the National Leagues A and B have earned 172 700 francs for their clubs’ junior teams during the 2016/2017 qualification round.
Online banking: Update – Disruption in e-finance
The situation has improved: Access to e-finance is currently possible in most cases. However, the disruption has not been fully resolved yet. Errors may continue to arise. Our specialists are still working with highest priority on solving the problem and stabilizing the systems. We apologize for any inconvenience. The next update is scheduled for around 4 p.m.
Q3 2016: Swiss Post’s profit declines in third quarter
In the first three quarters of 2016 Swiss Post generated a Group profit of 466 million francs (previous year: 503 million francs). Operating profit (EBIT) decreased from 640 million to 593 million francs.
Financial services: PostFinance makes changes to interest rates and fees
Interest rates on national and international markets continue to be at historic lows and are mostly even in the negative. Due to the lending prohibition, it is becoming increasingly difficult for PostFinance to find profitable investments for the customer deposits entrusted to it. As a result, it loses out on income equivalent to a figure in the double-digit millions each year. At the same time, ever stricter regulations are leading to higher expenses and costs. The financial service provider has therefore decided to increase the fees for individual products which are no longer covering costs, to reduce interest rates on accounts and interest limits, and to extend the fee on the credit balance.