Tag: Mail Services

French banks resist post office expansion

Posted by | Oct 12, 2003 | |

French banks are resisting plans by the state-run post office to extend its financial services products.The chairmen of Frances three largest listed banks, Crédit Agricole, BNP Paribas and Société Générale visited Francis Mer, the finance minister, last week to voice their opposition to plans by La Poste to market stand-alone mortgages through its network of more than 17,000 offices. Under its current statutes, the post office can only offer mortgages to holders of special property-linked saving schemes.

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La Poste coming under pressure to modernise

Posted by | Oct 10, 2003 | |

La Poste, the French state postal service operator, is coming under increasing pressure to modernise, reduce costs and debts, and improve services in the face of increasing competition from rivals using new technologies. Currently, the company’s debt amounts to 2.4 times its equity capital, excluding off-balance-sheet items, and its turnover is showing only sluggish growth.

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Sweden Post To Begin Operations In Australia

Posted by | Oct 10, 2003 | |

Sweden’s Posten AB intends to take up business operations on the Australian letter market in conjunction with the UPS subsidiary Mailboxes Etc. (MBE). Last week saw the announcement of a co-operation between Direct Link, a subsidiary specialising in international mail, and MBE.

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USPS eases rule for non-profit fund raising associated press

Posted by | Oct 10, 2003 | |

USPS has announced a rule change to permit non-profit organizations to have professional fund-raisers handle their mailings.

Use of the lower postage rates allowed for non-profit groups had been limited to mail sent by those organizations themselves.

Under the change, effective Nov. 13, professional fund-raising businesses will be allowed to mail at the lower rates when they are sending mail for qualified charities.

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