Correos will use its offices for Traffic, Finance and as a bank in villages without branches | Economy

Correos will use its offices for Traffic, Finance and as a bank in villages without branches | Economy



Post It will use its network of 2,396 offices throughout Spain to carry out administrative procedures for both public bodies such as the Treasury or the General Directorate of Traffic and private companies such as banks, as announced today by the President of the Post Office, Juan Manuel Serrano.

It is about following the example of the agreement carried out with the DGT for the distribution of more than one million environmental badges in the post offices that has taken place this Christmas. "Everything that Public Administrations or private companies want to do, we can assume," Serrano announced.

Between the managements with the Administration, they appear the processing of licenses like those of fishing or hunting, the delivery of documents to respond to the requirements of Property without having to go to the headquarters or to request previous appointment, or the renovation of the driving license.

In the private sector, the most ambitious project is for Correos to become a banking agent in those small towns that have seen branches disappear due to lack of profitability. In these, the public entity through its offices would provide cash delivery services, opening current accounts and other more usual procedures, although Correos renounces being a bank (it would not have a license from the Bank of Spain). Serrano clarified that they are already in negotiations with several banking entities to launch this project.

Former head of the Cabinet of the President of the Government Pedro Sánchez He indicated that Correos wants to start a new stage of growth at an international level and to improve its income to achieve profitability in the shortest possible time, which is expected to be achieved in the coming years.

In this sense, Serrano has announced the creation of an International Business Commission, with the aim of initiating its external expansion, with Portugal and Southeast Asia as the most outstanding places. "We need to grow internationally," announced Serrano, who has cited Southeast Asia as "one of the main points of origin of the parcel worldwide, with an increasing volume".

In the closest environment, the strategy begins by providing service on a peninsular level with the most efficient parcel network to cover any shipment in the Iberian Peninsula in less than 24 hours.

In 2019, the forecast is for the Correos business to reach 1,966 million euros, which represents an increase of 10% compared to last year (1,784 million).

Public subsidies

In order to achieve this profitability objective, it must negotiate with the Government the considerations of the Universal Postal Service (SPU), it is the set of postal services whose provision the State guarantees permanently throughout the national territory and at an affordable price for all users. Under the current Postal Law, the State entrusted Correos with the provision of the SPU for a period of 15 years (up to 2025, inclusive), in exchange for a consideration provided for in the General State Budgets.

According to Correos, this amount has not always followed "a consistent evolution". In fact, in fiscal year 2018, Correos only received 120 million (representing 6.7% of total Correos billing), a figure 60 million lower than originally planned, and by 2019 it will receive 150 million.

Therefore, another of the key points for Correos in this new stage lies precisely in achieving sufficient and stable funding for the SPU. The European Commission is currently reviewing the methodology for calculating the net cost of the SPU proposed by the Ministry of Development, which is part of the Postal Services Provision Plan foreseen in the Postal Law of 2010. Once that Plan is approved and implemented, through a regulatory contract between the Government and Correos, the company will have the capacity to undertake its future with greater security and confidence, with the certainty of a stable income stipulated according to the European framework.

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