Tag: Mail Services

NetApp delivers for Belgian Post Office

Posted by | Apr 21, 2008 | |

The Belgian Post Office recently collaborated with NetApp for its data backup and archival. To manage this data, the post office is switching to a virtual infrastructure developed by NetApp in combination with conventional physical tape. In doing this, the post office is keeping pace with the current trend of virtualization in the storage environment, minimizing risk, and maximizing its return on investment in IT spend.

Because of the increasing quantity of data and activity on the post office’s network, implementing a more flexible system became a critical business need. After researching its options, the Belgian Post Office decided to partner with NetApp to create an archival and backup system that took advantage of the flexibility of disk-to-disk speed and flexibility and integrated with its existing tape infrastructure. The resulting system allows for near-constant availability of backed up data, more robust disaster recovery, and the ability to grow the system in the future with less overall cost.

The NetApp NearStore Virtual Tape Library is a disk-to-disk backup appliance that appears like a tape library to a backup software application but provides the superior speed and reliability of disk technologies. Developed specifically to address the requirements of backup administrators, NearStore VTL solutions increase the performance and reliability of backups, simplify backup management, and reduce D2D storage costs by up to 67 pct through the use of high-performance disk compression.

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Greek National Bank confirms buy of 5.16 pct stake in Greek Postal Savings Bank

Posted by | Apr 21, 2008 | |

National Bank of Greece (NBG) said it acquired 5.16 percent of Greek Postal Savings Bank via block trades on the Athens Exchange, confirming what sources had said earlier to Thomson Financial News.

NBG explained that it bought 7.34 million shares in four block trades at 13.25 euros per share, taking its total holding in Greek Postal Savings Bank to 5.73 percent.

On March 28, EFG Eurobank Ergasias SA raised its stake in Greek Postal Savings Bank to 5.7 percent by acquiring 5.55 million shares at 10.5 euro per share.

Brokers recently told Thomson Financial News that several banks would be interested in Greek Postal Savings Bank’s further privatisation, should the Greek state decide to reduce its stake from its direct and indirect roughly 44 percent holding.

The brokers explained this was because in times of tight liquidity, Postal Savings Bank rich cash reserves and extensive deposit gather network would command a premium.

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Swiss Post once again reports exceptionally fast delivery times

Posted by | Apr 21, 2008 | |

Swiss Post is one of the fastest postal organizations in Europe. This is the result of independent measurements carried out on international delivery times. Last year, Priority-class letters coming into Switzerland from Europe reached their destination in an average of just two days. Once again, that’s faster than the European average.
In 2007, Swiss Post managed to retain its high standard in the mailing of its international letters. In tests conducted by the International Post Corporation (IPC), the company once again achieved a relatively high ranking, thus living up to its reputation as one of the fastest and most reliable postal operators in Europe. Priority letters mailed from Europe to Switzerland in 2007 took two days on average to reach their destination – the same as the previous year. In general, priority mail from Switzerland to other European destinations also reached the intended recipient within an average of just 2.1 days of posting. Swiss Post International (SPI), the international arm of Swiss Post, once again beat the typical delivery time of 2.2 days for all the countries surveyed.
29 European nations participate in the IPC’s international measurement system, known as the UNEX study. The IPC determines international delivery times by introducing around 400,000 test letters to international mail flows. The involvement of external, independent measurement contractors guarantees the validity of the results.

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Citi Joins With Bangladesh Post Office to Expand Distribution Network

Posted by | Apr 20, 2008 | |

A new partnership in Bangladesh between the post office and Citibank will help citizens working abroad send money safely home.

Citibank, N. A. Bangladesh and the Bangladesh Post Office on Sunday signed a correspondent network arrangement to help facilitate payments for the banks clients, specially the remittances of Bangladeshis working abroad.

This is the first time that a commercial bank is setting up such a unique correspondent network arrangement with the Bangladesh post office, a Citibank press statement says in the capital, Dhaka on the day.

The agreement was signed by AKM Rafiqul Islam, director (mails), on behalf of Bangladesh Post Office and Parvez Murshed, vice-president and acting head of transaction services of the Citibank NA, Bangladesh.

The signing ceremony was also attended by Mobasherur Rahman, Director General, Bangladesh Post Office, Mamun Rashid, Managing Director and Citi Country Officer- Bangladesh and other senior officials.

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