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Poste has 13K post offices, manages 580bn in savings

Poste has 13K post offices, manages 580bn in savings

Presence unchanged since 2017 says CEO Del Fante

ROME, 13 March 2024, 18:07

ANSA English Desk

ANSACheck

- ALL RIGHTS RESERVED

The presence of Poste Italiane at local level has remained unchanged under the current board of directors, CEO Matteo Del Fante said Wednesday.
    "Since this board of directors took office in 2017, our presence across the territory has remained intact: we still have 13,000 post offices," Del Fante told the Lower House Transport Committee during a hearing on the planned part-privatisation of the company. "Last year, we have delivered 256 million parcels using a fleet of 30,000 vehicles.
    "We currently have 30 million payment cards issued and we manage Italians' savings to a value of 580 billion euro," he continued.
    "Again in 2023, in the insurance sector we took18 billion euro gross. "We are the number one digital identity provider under the Public Didital Identity System (Spid)," said Del Fante.
    "Our direct and indirect impact in the period 2018-2023 can be quantified at 65 billion euro, through our purchasing and investment activity, but also through the salaries that the company pays," he added.
    Under the part-privatisation plan the state is to retain control of Poste Italiane, with a stake of no less than 35%.
    The economy ministry currently holds a 29.26% stake in the company, Cassa Depositi e Prestiti 35% and the treasury 0.82%, to a total of just over 65% The ministry has said the operation "may be carried out, also in several stages, through single and/or joint recourse to a public offer addressed to the public of savers in Italy, including the employees of the Poste Italiane group, and/or to Italian and international institutional investors, or through placement on the market, also through accelerated sale modalities or through block sale".
   

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