Poste Italiane to invest EUR 2.7 Bln 2004-2006
Italian state-owned postal operator Poste Italiane will invest some 2.7 bln euro (USD 3.298 bln) for the period 2004 to 2006, it was reported on March 4, 2004. The funds will be invested for development of the company’s banking services. Poste Italiane will allocate funds for further expansion of its products and services including credit cards, cheques, loans, mortgages and insurances.
The company targets an increase in the managed savings, according to the strategic guidelines of its plan for 2004 to 2006, presented by Poste Italiane’s chairman, Enzo Cardi, and chief executive officer, Massimo Sarni, on March 4, 2004. The strategic plan’s objectives also include consolidation of the company’s profitability as of 2004.
