Tag: Mail Services

Irish An Post plans for range of bank services

Posted by | Feb 6, 2005 | |

An Post will soon be competing with credit unions when it starts offering a range of banking and financial services, if proposals by senior management are accepted by the board of the company. In a significant shake-up of its commercial strategy, An Post management believes it should offer banking and credit facilities, ATM services and financial products such as home and life insurance to customers. The new financial services portfolio will be put to the board of An Post in the coming months. It is unlikely to include mortgages, opting instead to compete at the lower end of the scale with credit unions.
Donal Curtin, the chief executive of An Post, told a Dail committee on communications last week that he aimed to “capitalise on the footfall in our offices and, in particular, develop a financial services portfolio capable of delivering significant levels of profitable business'”.

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DHL says it is not keen to provide mail services in Singapore

Posted by | Feb 4, 2005 | |

DHL says it is not keen to provide mail services in Singapore when the market is liberalised in 2007. Currently, SingPost holds a monopoly on mail services in Singapore, which will end on March 31, 2007. But DHL is setting its sights elsewhere. Dr Klaus Zumwinkel, Chairman, Deutsche Post World Net, said: “No, not looking at coming into this market. Now Europe is being liberalised too – the whole of Europe in the mail market and therefore we are investing in the mail market in Europe, not in Asia. New Zealand has liberalised in the Asia Pacific, Japan is going to liberalise its market, it’s going to take a bit longer, and then Singapore – that’s the only 3 markets I’m aware of going to liberalise but Europe is going to liberalise in all the 25 member states of the European Union liberalising the mail market that’s where we are investing.”

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Deutsche Post stamps monopoly to be scrapped in 2006

Posted by | Feb 4, 2005 | |

Deutsche Post AG’s monopoly on stamps is to be scrapped two years early on Jan 1, 2006 under a draft law to be presented by two German states at the Upper House parliament Bundesrat, Die Welt said.

The date was originally the end of 2007.

The newspaper said a majority of the states are expected to approve the legislation being proposed by Lower Saxony and Hessen states.

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German Deutsche Post rules out Postbank stake sale

Posted by | Feb 4, 2005 | |

German Deutsche Post AG categorically rules out the possible sale of its stake in its banking arm Deutsche Postbank AG, Deutsche Post CEO Klaus Zumwinkel said on February 4, 2005.

Postbank’s strength lies in the fact that it focuses on the German market and Deutsche Post had absolutely no plans to expand the bank abroad, Zumwinkel said.

Deutsche Post is open to acquisitions in Asia, Zumwinkel said but stressed that those were not expected to follow soon.

Zumwinkel declined to comment on whether Deutsche Post was interested in buying the British logistics firm Exel Plc, and dismissed the issue as pure speculation and rumours.

Deutsche Post generated a 3.3 bln euro (USD4.283 bln) operating profit on a turnover of substantially over 40 bln euro (USD51.916 bln) in 2004.

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