September 27, 2016 11:59 PM ET

Banks

Company Overview of BPCE SA

Company Overview

BPCE SA, through its subsidiaries, provides various banking and financial services to individuals, craftsmen, small retailers, franchise holders, self-employed professionals, farmers, corporates, financial institutions, and institutional investors in France and internationally. The company offers deposits and loans; savings, placement, cash management, financing, insurance, investment, and risk management and advisory solutions; and business banking, wholesale banking, and wealth management services. It also provides corporate and investment banking services; private banking services; and asset management services. In addition, it offers specialized financial services, such as consumer finan...

50, avenue Pierre Mendès

Cedex 13

Paris,  75201

France

Founded in 1818

102,886 Employees

Phone:

33 1 58 40 41 42

Key Executives for BPCE SA

Chairman of Management Board and Chairman of Internal Control Coordination Committee
Age: 53
Executive Chief Financial Officer
Age: 47
Member of the Management Board and Chief Executive Officer of Natixis
Age: 53
Chief Executive Officer of Transformation and Operational Excellence
Age: 55
Chief Executive Officer of Commercial Banking & Insurance and Member of the Management Board
Age: 46
Compensation as of Fiscal Year 2016.

BPCE SA Key Developments

Groupe BPCE Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Groupe BPCE announced consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net banking income of EUR 5,841 million, down by 2.2% compared to same period last year. Gross operating income was EUR 1,816 million, decreased by 11.2% compared to same period last year. The contribution of the core business lines is equal to EUR 2,045 million, down 6.1% on a year-on-year basis. The Group`s income before tax came to EUR 1,561 million, down 8.1% year-on-year. For the core business lines, income before tax stands at EUR 1,814 million, down 0.7% compared with the second quarter of 2015. Net income attributable to equity holders of the parent has increased by 21.1% to EUR 1,016 million. The same item for the core business lines has risen by 12.8% to EUR 1,121 million. The Group`s ROE stands at 7.0%, up 0.7 point. It is equal to 12% for the core business lines, up 2 points compared with the second quarter of 2015. published net income attributable to equity holders of the parent has increased by 77.6% year-on-year to EUR 1,849 million, which includes for a total of EUR 797 million the capital gains realized on the disposal of Visa Europe securities, completed during the quarter. Published net income attributable to equity holders of the parent posted by the core business lines increased by 11.2% to reach a total of EUR 1,148 million in the second quarter of 2016. For the six months, the company reported net banking income EUR 11,628 million, down 2.8% compared with the first half of 2015. The core business lines contributed EUR 11,510 million to net banking income, down 1.9% compared with the first half of 2015. Gross operating income stands at EUR 3,215 million, down 14.8% compared with the first half of 2015. The contribution of the core business lines came to EUR 3,848 million, down 7.2% on a year-on-year basis. Income before tax has declined by 9.7% to EUR 2,702 million in the first half of 2016. For the core business lines, income before tax stands at EUR 3,367 million, down 0.7% compared with the first half of 2015. Net income attributable to equity holders of the parent has risen by 12.0% compared with the first half of 2015 to reach a total of EUR 1,897 million. The corresponding metric for the core business lines enjoyed growth of 7.9% to EUR 2,143 million. ROE stands at 6.6%, equal to a 0.4 point decline compared with the first half of 2015. ROE is 11% for the core business lines, up one point compared with the first half of 2015. Published net income attributable to equity holders of the parent increased by 45.8%, to EUR 2,427 million. The published net income of the core business lines rose by 7.1% to stand at EUR 2,040 million for the first half of this year.

Groupe BPCE Announces Management Changes

Yves Tyrode, currently Chief Digital Officer at SNCF, will be joining Groupe BPCE in September to serve as the groups Chief Digital Officer. As a member of Groupe BPCEs Senior Management Committee, he will be responsible for accelerating the rollout of the groups digital strategy and will work alongside Franois Prol, Chairman of Groupe BPCEs Management Board. Yves will join the Groupe BPCE Senior Management Committee as CEO from September 2016.

Groupe BPCE Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2016

Groupe BPCE announced consolidated earnings results for the first quarter ended March 31, 2016. For the period, the company reported net banking income of EUR 5,787 million, decreased by 4% compared to same period last year. Gross operating income was EUR 1,393 million, decreased by 21% compared to same period last year. The contribution of the core business lines came to EUR 1,774 million, down 11.6% on a year-on-year basis. Income before tax has declined by 14.7% to EUR 1,136 million in the first quarter of 2016. For the core business lines, income before tax stands at EUR 1,524 million, down 4.8% compared with the first quarter of 2015. Net income attributable to equity holders of the parent remains stable compared with the first quarter of 2015 and stands at EUR 872 million. The corresponding metric for the core business lines has declined by 1.2% and currently stands at EUR 1,003 million. ROE was 6.2% decreased by 0.1% a year ago. After accounting for non-economic and exceptional items, and cancelling restatements made to account for the impact of IFRIC 21, published net income attributable to equity holders of the parent declined by 10.5% in the first quarter of 2016, to EUR 578 million. The published net income of the core business lines is down 1.2% to stand at EUR 883 million for the first quarter of this year. However, if the estimated increase in the SRF contribution is excluded, the published net income attributable to equity holders of the parent rose by 5.4%.

Similar Private Companies By Industry

Company Name Region
Banque BIA Europe
Banque CIN Europe
Banque Cooperative Mutuelle Nord Europe
Banque d'Escompte Europe
Banque De L'union Europeenne Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 28, 2016
Fidor Bank AG
Merger/Acquisition
April 13, 2016
CIFG Holding Inc.
Merger/Acquisition
April 5, 2016
Norscut, Concessão de Auto-Estradas, S.A.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact BPCE SA, please visit www.bpce.fr. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.