PostFinance profits up 29%
PostFinance has announced a profit of CHF 456m for the first nine months of the year. This corresponds to a rise of 29% over the prior-year period, with the company attributing customer assets and strict cost management as key to the increase.
These figures mean that the financial arm of Swiss Post has already surpassed 2009’s total profit of CHF 448m.
Furthermore, the company’s average assets under management rose to CHF 83bn, for the period.
PostFinance continues to grow and now has more than 4m customer accounts. A spokesman said: “This is an impressive indication of the trust that PostFinance enjoys among the public and SMEs. We won a further 91,000 new customers and raised the total number of customers to over 2.7m.”
In nine months, PostFinance has also created 190 new full-time jobs throughout Switzerland.
The business revealed that its customers had placed over CHF 5.3bn of the CHF 9.8bn in new money into PostFinance Deposito accounts.
|
PostFinance key figures |
09/2010 |
12/2009 |
09/2009 |
| Company profit EBT (CHF million) incl. associated companies (SIC, SECB) | 456 | 448 | 355 |
| Number of customers (cut-off date, in thousands) | 2,722 | 2,631 | 2,604 |
| Number of customer accounts (cut-off date, in thousands) | 4,033 | 3,881 | 3,845 |
| Customer deposits (in CHF m, yearly average) | 83,079 | 73,273 | 72,286 |
| Volume of funds (cut-off date, CHF m) | 1,908 | 1,723 | 1,682 |
| E-trading volume (cut-off date, CHF m) | 1,830 | 1,629 | 1,556 |
| Volume of mortgages for private customers (CHF m) | 3,043 | 2,673 | 2,482 |
| Volume of loans to business customers (cut-off date) | 5,616 | 5,423 | 4,666 |
| E-finance users (cut-off date, in thousands) | 1,187 | 1,102 | 1,075 |
| E-trading users (cut-off date) | 41,701 | 38,560 | 37,168 |
| Headcount (annual average) | 3,232 | 3,042 | 3,008 |
| Transactions processed in millions (cut-off date, cum.) | 651 | 865 | 629 |
