Poste Italiane
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| listed Società per Azioni | |
| Traded as | BIT: PST |
| Industry | |
| Headquarters | 190 viale Europa, Rome, Italy |
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Key people
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| Services |
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| Revenue |
 €30.739 billion (2015) |
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€880.008 million (2015) |
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| Profit |
€552.0 million (2015) |
| Total assets |
€175.836 billion (2015) |
| Total equity |
€9.658 billion (2015) |
| Owner | |
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Number of employees
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142,268 (2014 average) |
| Parent | Italian Ministry of Economy and Finance (MEF) |
| Divisions | BancoPosta |
| Subsidiaries | |
| Capital ratio | 14.65% (CET1, BancoPosta division only) |
| Website | Official website |
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Footnotes / references in consolidated balance sheet excluding minority interests |
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Poste italiane SpA is an Italian postal services provider. It was partially privatized by selling 35% of its shares to the public.
Besides providing core postal services, Gruppo Poste Italiane offers integrated products, such as postal savings, communication, logistics and financial services in Italy.
Gruppo Poste italiane subsidiaries include: SDA Express Courier which provides express mail and package delivery; Postecom managing Internet services; BancoPosta Fondi offering life insurance and investment solutions, Postel offering hybrid electronic mail and document processing, and PosteMobile, a mobile virtual network operator.
National law n. 604 of 5 May 1862 n. 604, the so-called postal reform, created a national, centralized organization for postal services within the newly formed kingdom of Italy, which encompassed several pre-existing countries with their separate postal systems. Subsequently, with the Royal Decree 5973 of 10 March 1889, the Directorate General of Posts and Telegraphs was separated from the Ministry of Public Works and thus transformed into the Ministry of Posts and Telegraphs, in charge of providing Italy with a network of offices to forward and receive mail and telegrams, to make and receive telephone calls, and to carry out financial transactions and asset management. It also for a time worked as branch offices for the nascent electric services.
In 1917 the service giro was founded (since 2000 commonly known as BancoPosta), and branches of the Italian Posts and Telegraphs ("PT") were also opened outside of Italy.
In 1924, during the Fascist period, the Ministry of Posts and Telegraphs was renamed Ministry of Communications and became an important center of power, partly due to its ability to control citizens. The service network was expanded with the acquisition and implementation of new logistics facilities. New buildings in the Functionalist style were built in major cities.
With the development of telephony and radio, the ministry incorporated the State Company for Telephone Services (ASST) and the nascent EIAR (which would become RAI later and run both public radio and television).
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Wikipedia