Published February 28, 2018 | View complete press releases list |
Date: February 28, 2018
Categories: fi, Financial Technology, Internet Banking, Technology, technology, Transaction Banking
Keywords: Banque Postale, Online Bank
French state-owned Banque Postale, part of the French postal service, said it would launch its online bank “Ma French Bank” in spring 2019.
This comes as French banks are boosting their online business to counter low-cost Internet competitors, and a drop in the numbers of clients coming into their branches, both of which are hurting profits.
La Banque Postale said its online bank will offer “everyone an opportunity to open an account, without condition of resources” via a mobile phone or a post office.
The bank reported a 10.1 percent rise in 2017 net profit to 764 million euros, while its balance sheet stood at 231.5 billion euros as of end-2017.
Re-disseminated by The Asian Banker from Reuters
French state-owned Banque Postale, part of the French postal service, said it would launch its online bank “Ma French Bank” in spring 2019.
This comes as French banks are boosting their online business to counter low-cost Internet competitors, and a drop in the numbers of clients coming into their branches, both of which are hurting profits.
La Banque Postale said its online bank will offer “everyone an opportunity to open an account, without condition of resources” via a mobile phone or a post office.
The bank reported a 10.1 percent rise in 2017 net profit to 764 million euros, while its balance sheet stood at 231.5 billion euros as of end-2017.
Re-disseminated by The Asian Banker from Reuters
