Financial Services Our financial services feature a wide range of current accounts, mortgage loans, consumer loans and savings instruments.

BancoPosta is one of Italy’s biggest financial service providers, a major player that is constantly expanding its range of services for households. It is mainly engaged in:
 

• the active management of the banking book, consisting of public and private customer deposits and relative lending activities;

 

• promotion and management of the postal savings instruments issued by Cassa Depositi e Prestiti (bonds and savings books); 

 

• transaction banking services (payments and collections), such as postal payment slips, F24 tax forms, national and international postal money orders, Moneygram and Eurogiro services;

 

• promotion and distribution, through its own distribution platform, of financial products issued by third parties or other group companies, such as:

 
                      - asset management products (units of open-ended mutual funds established by BancoPosta Fondi SGR)
 
                      - asset administration products
 
                      - Poste Vita and Poste Assicura insurance policies
 
                      - third-party financing products and credit cards.

 

• As concerns asset management, BancoPosta Fondi SGR manages open-ended mutual investment funds, delivering significant returns over the years. It is also specialised in the management of Eurozone sovereign bonds and corporate bonds. Asset management is a business we are targeting to drive our future growth, with a view to offering simple, clear and well-structured products, building on the relationship of trust we have with our customers. To this end, Poste Italiane has forged The embedded asset does not exist:
  Asset Type: PC_ModuloLink
  Asset Id: 1476484757144
  PAGENAME: PosteCorporate/PC_ModuloLink/PC/ModuloLinkTemplate. Under the Deliver 2022 Plan, BancoPosta Fondi SGR has become a competency centre for the management of all group financial investments.

 

FY 2020 Total Revenues from Financial Services (€m)	4.945
Collection and payment services	904
Distribution of third-party products	191
Asset management	97
Postal savings deposits	1,851
Net interest income	1,537
Net capital gains	365

Data source: Annual Report 2020