PostFinance AG

PostFinance AG was established 1906 as a financial services division of Swiss Post. In 2013 PostFinance obtained its banking license. PostFinance offers retail banking products and services to private and corporate customers.

Contacts 
    Address  Mingerstrasse 20, 3030, Bern, Switzerland
    Phone  0848 800 007
Bank Category  Other banks
Start Date  2013
Financial Positions
    Total Assets (2015)  115.69 bln CHF ↓ (-3.95%)
Credit Ratings (as of Apr 2016)
    Fitch  - (not rated)
    Moody's  - (not rated)
    S&P's  AA+ (very strong capacity to meet its financial commitments)
Deposit Guarantee  Yes (up to 100 000 CHF per depositor)
Bank Identifiers
    BIC (SWIFT)  POFICHBEXXX
    Company Number  CHE-114.583.749

Financial Positions

In 2015 total assets of PostFinance AG were 115.69 bln CHF. Decline compared to the previous period (2014) was -3.95%. The evolution of the total assets of PostFinance AG is shown at Chart 1 below.

Total Assets of PostFinance AG.
Chart 1. Total Assets of PostFinance AG.

Credit Ratings

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.
Of the 'Big Three' rating agencies, PostFinance AG is rated by Standard & Poor's.

Credit ratings assigned to PostFinance AG as of April 2016 are shown in details in the following sections.

Standard & Poor's

Long-term foreign currency rating for PostFinance AG is set to AA+ (very strong capacity to meet its financial commitments). Long-term local currency rating is set to AA+ (very strong capacity to meet its financial commitments).

Long-Term Foreign Currency Rating  AA+
    Outlook  stable (not likely to change)
    Credit Watch  -
Long-Term Local Currency Rating  AA+
    Outlook  stable (not likely to change)
    Credit Watch  -
Short-Term Foreign Currency Rating  A-1+
Short-Term Local Currency Rating  A-1+

Short-term foreign currency rating for PostFinance AG is set to A-1+ (strong capacity to meet its financial commitments). Short-term local currency rating is set to A-1+ (strong capacity to meet its financial commitments).

Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.

In the case of PostFinance AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, commercial enterprises and public-sector offices
Covered Accounts  credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)
Covered Currencies  all
Maximum Protected Amount  100 000 CHF
Paid In Currency  CHF

Further Information: Deposit Guarantee Scheme in Switzerland

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of PostFinance AG and its components are shown in the table below.

BIC  POFICHBEXXX
Bank BIC Code  POFI
Country Code  CH (Switzerland)
Location Code  BE
Branch Code  XXX

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  CHE-114.583.749

Related Information on Switzerland

  Economy and Banking Sector of Switzerland

  List of Banks in Switzerland

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