Groupe BPCE and La Banque Postale enter into discussions aimed at deepening and expanding their business partnership
In the context of the creation of a major state-owned alliance in the bancassurance sector, Groupe BPCE and La Banque Postale have agreed on the principles of an enhanced business partnership.
Groupe BPCE, the second-largest banking group in France, includes two independent and complementary cooperative commercial banking networks: the network of 14 Banque Populaire banks and the network of 15 Caisses d’Epargne. The Group is active in the fields of medium-sized company financing and private banking, notably through Banque Palatine. It is a major player in Asset & Wealth Management, Insurance, Corporate & Investment Banking and Specialized Financial Services with Natixis. Through its 105,000 employees, Groupe BPCE serves a total of 30 million customers and enjoys a strong local presence in France with 7,800 branches and 9 million cooperative shareholders. The Group’s long-term senior preferred debt is rated by four financial rating agencies: Moody’s (A1, stable outlook), S&P (A+, stable outlook), Fitch (A+, stable outlook) and R&I (A, positive outlook).
La Banque Postale, a subsidiary of Le Groupe La Poste, is present in the retail banking, insurance and asset management markets. As a civic-minded bank, it supports its customers by offering a sustainable banking relationship with an extensive range of reasonably priced and accessible products and services. As a local bank providing a public service, La Banque Postale meets the needs of everyone: private individuals, businesses, professionals, associations and the local public sector. It strives to serve its customers through the network of post offices, online and over the telephone as part of a fully multi-channel relationship.
Press contacts
Daniel Wilson
Head of Press Relations and Social Media, Natixis
+33 1 58 19 10 40
press@communication.natixis.com
Sonia Dilouya
Press Relations, Natixis
+33 1 58 32 01 03
press@communication.natixis.com
Vanessa Stephan
Press Relations, Natixis
+33 1 58 19 34 16
press@communication.natixis.com