Austrian Post Getting into Banking

At a time when many banks are scaling back their footprint, Austria’s state-controlled mail operator is starting to offer banking services; the goal is to capitalize on a network already in place and diversify offerings as the internet has had a significant impact on the mail business; the Austrian Post is buying Bruell Kallmus Bank to offer current accounts, payment services and deposits; they will partner to offer other services like mortgages, insurance and savings. Source

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