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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 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.
Sergio Ermotti dominated Swiss media in 2024 with 4,755 mentions, significantly outpacing other business leaders. Despite a 29% drop from 2023, he remains the most prominent figure, while Thomas Jordan and Thomas Schlegel follow with 3,973 and 2,608 mentions, respectively. The media landscape also saw notable mentions related to the Benko scandal and political initiatives against the EU.
Swiss Post CEO Roberto Cirillo defends the company's strategy, asserting that the CHF100 million investment in branch renovations will ensure relevance and stability. He emphasizes the need for new services, citing public trust in traditional postal services amid a reduction of the branch network, with plans to consult municipalities on changes. The Syndicom trade union opposes the branch reductions, advocating for the retention of the existing network to maintain access to postal services.
Roberto Cirillo, head of Swiss Post, defends the outsourcing of 170 branches, asserting it strengthens public service and ensures continued access to postal services. Despite declining customer numbers, he emphasizes a commitment to invest over 100 million francs in modernizing branches and expanding service offerings, aiming to maintain relevance and trust in the community.
Swiss Post plans to outsource the management of 170 branches while retaining 600 locations under its control, responding to changing customer behaviors and digitalization. The company aims to invest 100 million francs in modernizing its network over the next four years, despite criticism from the Syndicom trade union regarding potential job losses and community impacts.
Roberto Cirillo
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postfinance seeks to fill corporate financing gap after credit suisse collapse
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