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postfinance seeks to fill corporate financing gap after credit suisse collapse
Beat Röthlisberger, head of Postfinance, aims to invest CHF 25 billion in Swiss SMEs to fill the financing gap left by Credit Suisse's collapse. However, he requires political support to amend the Postal Organization Act, which currently prohibits Postfinance from granting corporate loans. Despite structural challenges, Röthlisberger believes this move could enhance competition and provide reasonably priced financing for SMEs.
postfinance faces challenges amid losses and calls for lending reforms
Postfinance aims to fill the corporate financing gap left by Credit Suisse, leveraging its substantial CHF 25 billion investment in foreign bonds. Despite its potential to enhance SME financing, legal restrictions prevent it from granting loans, a situation exacerbated by rising bank margins post-Credit Suisse's collapse. The need for regulatory change is urgent, as Postfinance remains crucial for the financial health of the Swiss postal group amidst ongoing structural challenges.
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