Tag: Mail Services

UK Post Office and bank of Ireland announce joint venture

Post Office Ltd and Bank of Ireland Group have announced that they have agreed the key commercial terms for a financial services joint venture. The new company will launch Post Office branded financial services products early in the New Year through the Post Office branch network, via the telephone and website.

The product range will include personal loans, savings accounts, credit cards, personal insurance and mortgages.

Post Office Ltd carried out extensive market research over the past 18 months among 20,000 customers. The research clearly indicated a market for financial services products offering a combination of trust, simplicity, reliability, convenience and security – characteristics all associated with the Post Office Ltd brand.

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TPG eyeing stake in Belgian Post

TPG, the Dutch mail and logistics firm, said it could be interested in buying a majority stake in the struggling Belgian postal service.

Belgian media reports quoted TPG Chief Executive Peter Bakker as saying his firm was eyeing a stake in the publicly owned loss-making De Post/La Poste.

“Belgium is a very important market in Europe and if something is moving there, we owe it to ourselves,” Bakker was quoted as saying. He added that TPG was not currently in talks on buying a stake. A TPG spokesman confirmed the reports.

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Australia Post 'most reliable service'

The nation’s postal service is the most reliable and one of the cheapest in the world, according to Australia Post’s annual report.

The report, tabled in federal parliament today, showed Australia Post’s on-time letter delivery reached an all time high of 96.5% in the 2002/2003 financial year.

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