Tag: France

French Post Office reveals financial ambitions

The French post office (La Poste) has unveiled plans to expand its range of financial services. In an internal document intended for its staff, La Poste claims, for example, that it is considering credit facilities for its customers – an initiative which would involve the creation of a postal bank. The organisation deplores the fact that, at present, it can only offer its customers housing loans.

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French Post Keeps Financial Services

La Poste, France’s state-owned post office, has no intention of spinning off its financial services, the institution’s chairman is quoted as saying Monday. Aside from its mail delivery activity, La Poste is France’s second- or third-largest retail banking institution, and can’t function without its financial services activity, Martin Vial is quoted as saying in an interview in Le Figaro.

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