LONDON, Oct. 8 (UPI) -- Although British post offices have long provided savings accounts, customers will soon be able to get an insurance policy, a credit card or mortgage.
In a joint venture with the Bank of Ireland, the Post Office in the United Kingdom will offer a wide range of financial services beginning early next year, the London Daily Mail reported.
"Our new range of products will have great appeal and I expect Post Office Ltd. to become a major provider of personal finance services," said David Mills, chief executive of Post Office Ltd., a subsidiary of the Royal Mail group.
"This is great news for our customers. Our employees and sub-postmasters throughout the United Kingdom will be able to offer a much-enhanced range of services."
The British Post Office, which dates back to the 16th century, has more than 16,900 branches across the United Kingdom -- more than all the banks and building societies combined.