Tag: Germany

Hermes Logistik Gruppe to enter German letter market in 2008

Posted by | Aug 28, 2007 | |

Hermes Logistik Gruppe, a Hamburg-based logistics groups, plans to enter the German letter market in 2008, its Managing Director Hanjo Schneider told Hamburger Abendblatt.

He said that from January customers could use the company’s 13,500 parcel stations to post letters.

Schneider added that prices will be 15-20 pct below current postal tariffs of incumbent Deutsche Post World Net AG.

The letters, which will take two days to deliver, will be distributed by TNT NV’s TNT Post, in which Hermes owns a 29 pct stake.

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Polish Postal Bank Pocztowy signs agreement for Market Risk and Asset Liability Management with IRIS

Posted by | Aug 28, 2007 | |

Bank Pocztowy, a subsidiary of the State savings bank PKO BP, has signed for riskpro Market Risk and ALM. The scope of the project will include Basel II Standard approach in a later stage.

The Postal bank, which caters to small, village clients providing simple banking products, chose riskpro over other competitors because of the ease of use and flexibility of the software. “We required a tool that could help us to efficiently solve our issues in a cost efficient manner, and we didn’t want to spend a long time learning to program complex scenarios. riskpro has fulfilled our expectations in this and many more aspects” said Katarzyna Dresler, project lead of the riskpro implementation.

riskpro is currently being implemented at the bank by IRIS’ local partner in Poland, Bazy i Systemy Bankoe. In a second phase of the project Bank Pocztowy will also use riskpro to address the bank’s needs in the areas of IFRS and Impairment.

“It is an honor for us to serve Polish Post Bank besides the German Post Bank and the earlier Austrian Post Bank. Once again riskpro’s qualities for analysis and simulation of large retail operations are confirmed”, expressed Andreas Jaek, Head of IRIS Sales & Marketing.

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PIN opens first Post Shop in Germany

Posted by | Aug 28, 2007 | |

PIN Group German private mail operator PIN Group will open its first Post Shop in a regional bank to test whether to develop a nationwide network of retail outlets. This would be Germany’s third postal network behind Deutsche Post and the planned opening of 13,000 Hermes parcel shops to TNT Post.
In a pilot project, PIN Mail will offer postal services in the savings bank of Siegen in North Rhine-Westphalia from 1 September 2007. Further Post Shops will follow in other savings banks in the north-west German state over the following few weeks. If the tests are successful, the cooperation will be extended to other savings banks across Germany.
The Post Shops will sell PIN Mail stamps and accept items for delivery through PIN Mail. The new partnership will also be represented in a joint stamp to be issued on 1 September 2007.
The pilot project is a strategically important step for PIN to make its services available to consumers and small businesses. So far, it has focused on large companies and organizations with regular mail volumes. The move is similar to that of TNT Post which will start to market its services through the 13,000 Hermes Parcel Shops in Germany from January 2008.
PIN Group, now majority-owned by the Axel Springer publishing group, is aiming to increase revenues from EUR 168 million last year to some EUR 350 million this year. Earlier this month, it was announced that Axel Springer’s logistics chief Karsten Böhrs would join the company’s board as COO with responsibility for logistics and sales, and Julian Deutz, CFO for Springer’s magazines division, would become CFO.

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UPS expresses interest in Deutsche Post

Posted by | Aug 24, 2007 | |

Rumors are rife that UPS and private-equity firm Apax Partners Worldwide may bid for a stake in Deutsche Post.

The operator’s share value rose on the back of the speculation and 2Q results. “Deutsche Post are boosted by the rumor Apax and UPS might bid 28 euros a share for about 30 per cent in the company,” said Thomas Nagel, a trader at Equinet AG in Frankfurt.

2Q profit rose 13 per cent as the DHL express division increased package volumes in Asia and earned more per shipment in the US.

Net income rose to 285 million euros, from 252 million euros, or 21 cents, a year earlier.

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Postbank hoping to boost profits with new strategy

Posted by | Aug 24, 2007 | |

Deutsche Postbank, the banking subsidiary of German postal service operator Deutsche Post, is hoping to boost its profits thanks to a new strategy, which is to be presented in December. In its retail banking business, the bank wants to have a sales system that will increase profits through the involvement of partners. Postbank is Germany’s largest multi-branch bank, with 14.6 million customers, according to the latest figures.

The bank has already said that it is aiming to increase profits in business with corporate customers by 50 per cent by 2010. This would bring the profit in this division to almost 560m euros, compared with 372m euros last year. Despite increasingly tough competition, Postbank is confident that it will meet its target of gaining over 1 million new private customers this year. Almost 60,000 new current accounts are reported to have been opened in July.

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