In French banking, La Poste (F.PST) – the national post office – has always been a force to be reckoned with. It has a 10% slice of the retail market and 15% of all checking accounts, putting it ahead of better-known rivals BNP-Paribas SA (F.BNP) and Societe Generale SA (F.SGF). But it also has a severe handicap: It has no banking license. Without one, it can’t lend money
Read MoreLa Poste, the French post office, has just set up a new product called Esipost, which aims to help small to medium sized enterprises (SMEs) get involved in electronic commerce
Read MoreThe French post office, La Poste, has decided to bring in
restrictive measures for its service in the area of the
transportation of valuable items, including money. The banks have
been irritated by what they see as an abrupt and unreasonable
change
The French deposit office CDC is said to have agreed to acquire a stake in the French post office (La Poste)’s new holding company, SR2, if La Poste asks it to do so. The ball is believed to be in the court of the post office, which says that it has nothing to announce for the moment. Patrick Werner, La Poste’s managing director, points out that his organisation has already formed partnerships with CDC within the insurance company CNP Assurances and Sogeposte, in centralising La Poste’s Livret A savings account, and in refinancing its property loans.
Read MoreAccording to Martin Vial, chairman of French state postal services company La Poste, the signing of an express parcel delivery agreement with Spanish counterpart Correos could be followed by others in areas such as e-mail and hybrid mail
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