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.
PostFinance AG is the 7th largest bank in Switzerland in terms of total assets. In 2016 its total assets were 120,38 bln CHF, providing the bank with the market share of 3.89%.
PostFinance AG participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
PostFinance AG is headquartered in Bern.
|Total Assets (2016)|
|120.38 bln CHF (+4.05%)|
In 2016 total assets of PostFinance AG were 120.38 bln CHF. Growth compared to the previous period (2015) was 4.05%. The evolution of the total assets of PostFinance AG is shown at Chart 1 below.
Chart 1. Total Assets of PostFinance AG.
|Yes (up to 100 000 CHF per depositor)|
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)|
|Maximum Protected Amount||100 000 CHF|
|Paid In Currency||CHF|
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.
|Bank BIC Code||POFI|
|Country Code||CH (Switzerland)|
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.