Golden Recursion Inc. logoGolden Recursion Inc. logo
Advanced Search
Groupe BPCE

Groupe BPCE

Groupe BPCE is a Paris-based company founded in 2009.

Groupe BPCE is a French banking group formed by the 2009 merger of CNCE (Caisse nationale des caisses d'épargne) and BFBP (Banque fédérale des banques populaires). It is France's fourth largest bank, the seventh largest in Europe and the nineteenth in the world by total assets. It has more than 8,200 branches nationwide under their respective brand names serving nearly 70 million customers. Through its subsidiaries (including Natixis), it provides banking, financial, and real estate financing services to individuals, professionals, small and medium enterprises, large enterprises, and institutions in France and internationally. It is considered a systemically important bank by the Financial Stability Board.

It provides various deposit and loan products to small and medium enterprises, craftspeople, franchisees, and franchisers; savings collection and management, credit, payment, and wealth management services; and real estate financing and corporate banking services. The company also offers bancassurance products, including life assurance and pensions that comprise automobile and home insurance, legal protection, the guarantee of life accidents, the supplementary health care insurance, welfare professionals and the collective retirement pensions and health, as well as credit insurance and guarantees to individuals, professionals, real estate professionals, and businesses.

In July 2016, the group announced the purchase of Fidor Bank, a Fintech challenger bank, operating in the UK and Germany; in November 2018 it began work on selling it again.

The current CEO of Groupe BPCE is Laurent Mignon.

Financial highlights as of June 2010

Tier-1 capital: €41 billion

Tier-1 ratio: 9.6%

Total assets: €1,124 billion

Banque Populaire and Caisse d'épargne networks

Loans outstanding: €288 billion

Saving deposits: €511 billion

Controversy

In 2010 the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven banks, including Groupe BPCE, the sum of 384,900,000 Euros for colluding to charge unjustified fees on cheque processing, especially for extra fees charged during the transition from paper cheque transfer to "Exchanges Check-Image" electronic transfer.

Timeline

Patents

Further Resources

Title
Author
Link
Type
Date

News

Title
Author
Date
Publisher
Description
Samantha Hurst
May 28, 2020
Crowdfund Insider
Click HERE to find out ⭐ Digital Banking Solution Meniga Secures €8.5 Million Through Latest Strategic Investment Round Led By Groupe BPCE. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Steve O'Hear
May 28, 2020
TechCrunch
Meniga, the London-headquartered fintech that provides digital banking technology to some of the world's largest banks, has closed a €8.5 million in additional funding. Described primarily as a "strategic investment," the round is led by Groupe BPCE, the second-largest banking group in France, alongside Portugal's Grupo Crédito Agrícola and long-standing strategic partner UniCredit. All three [...]
Natixis
Invalid Date
www.prnewswire.com:443
PARIS, Feb. 13, 2019 /PRNewswire/ -- Natixis (Bloomberg: KN@FP) (EuronextParis: KN) (ISIN: FR0000120685), the international corporate and investment banking,...

References

Golden logo
By using this site, you agree to our Terms & Conditions.