Newsletter 2013-01 (PDF) - PostFinance
Newsletter 2013-01 (PDF) - PostFinance
Newsletter 2013-01 (PDF) - PostFinance
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1 March <strong>2<strong>01</strong>3</strong><br />
<strong>PostFinance</strong> annual results 2<strong>01</strong>2<br />
Customer assets of over 100 billion francs<br />
111,000 new customers put their trust<br />
in the financial institution and opened<br />
213,000 new accounts last year. The<br />
total number of accounts at the end of<br />
December was therefore 4.55 million<br />
(+ 4.9 percent). The associated inflow of<br />
new money of about 12 billion francs<br />
increased customer assets to 104 billion<br />
francs (+ 12.6 percent).<br />
Last year, <strong>PostFinance</strong>’s earnings<br />
before taxes compared to the previous<br />
year increased by 40 million francs to<br />
631 million francs (+ 6.8 percent).<br />
The main reasons for the good results<br />
were interest income and reversals<br />
of previous years’ flat-rate writedowns<br />
amounting to 25 million francs. Onetime<br />
profit of 17 million francs from<br />
<strong>PostFinance</strong> key figures 2<strong>01</strong>2 2<strong>01</strong>1 Delta<br />
Annual earnings before taxes (CHF m)<br />
incl. associated companies (SIC, SECB)<br />
631 591 40<br />
Operating income (CHF m)<br />
1,534 1,474 60<br />
– Net interest income after writedowns<br />
1,062 1,024 38<br />
– Service and commission income 303 3<strong>01</strong> 2<br />
– Trading income 148 146 2<br />
Operating expenses (CHF m)<br />
– Staff costs<br />
– Material expenditure<br />
– depreciation<br />
Number of customers (reference date, thousands) 2,922 2,811 111<br />
Number of customer accounts (reference date, thousands) 4,549 4,336 213<br />
Customer assets (annual average, CHF m) 103,850 92,225 11,625<br />
Funds and securities (reference date, CHF m) 4,524 3,988 536<br />
Mortgages (reference date, CHF m) * 4,167 3,684 483<br />
Loans to business customers (reference date, CHF m) 6,514 6,842 –328<br />
E-finance users (reference date, thousands) 1,463 1,350 113<br />
Headcount (full-time equivalent, annual average) 3,473 3,422 51<br />
Millions of transactions processed (reference date, accumulated) 932 907 25<br />
* <strong>PostFinance</strong> offers mortgages through its partner banks.<br />
905<br />
471<br />
426<br />
8<br />
882<br />
446<br />
426<br />
10<br />
New <strong>PostFinance</strong> head office to<br />
open its doors in May <strong>2<strong>01</strong>3</strong><br />
<strong>PostFinance</strong> has been one of Switzerland’s<br />
biggest job creators for many<br />
years. Since 1998, the number of fulltime<br />
positions has risen from 1,602<br />
to over 3,400. The growth of the company’s<br />
workforce has also impacted<br />
on its space requirements. The majority<br />
of the 1,800 employees currently<br />
based in five different locations across<br />
Berne will be brought together in the<br />
new, modern head office building.<br />
The first employees will be relocating<br />
to the new 13-storey head office on<br />
Mingerstrasse in the north of Berne as<br />
of May <strong>2<strong>01</strong>3</strong>.<br />
The 55-metre-high new head office,<br />
which will have capacity for 1,200<br />
employees and 15,000 m 2 of gross floor<br />
space, is one of the largest buildings<br />
in Berne, reflecting the company’s successful<br />
business development story.<br />
The building has been constructed in<br />
line with MINERGIE-ECO standards<br />
(minergie.ch).<br />
23<br />
25<br />
0<br />
–2<br />
News from <strong>PostFinance</strong><br />
the cancellation of a financial investment<br />
also contributed to the results.<br />
Net interest income after writedowns<br />
increased by 38 to 1,062 million<br />
francs (+ 3.8 percent) in spite of the<br />
difficult financial market situation.<br />
At the same time, <strong>PostFinance</strong> benefited<br />
from current long-term investment<br />
income last year. Constantly falling<br />
interest margins will adversely affect<br />
<strong>PostFinance</strong>’s results next year.<br />
<strong>PostFinance</strong> well capitalized<br />
As a public limited company,<br />
<strong>PostFinance</strong> needs to be funded with<br />
equity, the amount of which will be<br />
determined by the Capital Adequacy<br />
Ordinance (CAO). The same legal<br />
framework will apply as for banks.<br />
<strong>PostFinance</strong>’s compliance will be monitored<br />
by FINMA. <strong>PostFinance</strong> Ltd<br />
will have equity of around 4.6 billion<br />
francs. Risk-weighted assets amount<br />
to around 24 billion francs. This gives<br />
a tier 1 equity share (hard equity)<br />
of over 19 %. For a category 2 bank,<br />
which is the category <strong>PostFinance</strong> Ltd<br />
will be allocated to, FINMA requires<br />
a tier 1 equity share of between<br />
13.6 % and 14.4 %. <strong>PostFinance</strong> Ltd<br />
will therefore be well capitalized.<br />
Right from the start, it will meet<br />
the strict equity require-ments set<br />
by Basel III and the new Capital<br />
Adequacy Ordinance – in terms of<br />
equity quantity and quality alike.<br />
Watch the new <strong>PostFinance</strong> head office<br />
being built on Minger strasse in Berne<br />
via webcam 1 and webcam 2.<br />
– http://w w w.bildersammlung.ch/<br />
bern-webcam-wetter-bern-5/ webcam.php<br />
– http://w w w.bildersammlung.ch/<br />
bern-webcam-wetter-bern-6/ webcam.php<br />
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