PostFinance expands mortgage business

Bern , June 2022

From September, PostFinance will also broker mortgages via its own comparison platform Valuu. The company is thus reacting to the reduced chances of being able to offer loans itself in the near future. The offer of yellow mortgages from partner banks will remain in place.

PostFinance is expanding the mortgage business. So far, the company has only offered so-called yellow mortgages in cooperation with partner banks. As of September 1, PostFinance will also broker mortgages via the company ‘s own Valuu platform if desired, PostFinance announced in a statement . The company’s own customers should be given comprehensive advice. The comparison platform Valuu is also available for the independent comparison of mortgages from different providers.

With the new offer, PostFinance is reacting to the reduced chances of being able to offer loans itself in the near future. The company does not expect that the necessary partial revision of the Postal Organization Act will be carried out, the company writes.

“Our strategy for 2021 to 2024 already assumes that the credit ban will remain in place,” Hansruedi Köng is quoted as saying in the statement. However, the PostFinance CEO does not want to pass on this disadvantage for his own company to his customers: “By realigning the mortgage business, we are optimizing the service for our customers on the one hand,” says Köng. “On the other hand, we adapt to the general conditions and make a virtue out of necessity.”

More articles