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May 06, 2015 6:07 AM ET

Banks

Company Overview of BPCE SA

Company Overview

BPCE SA, through its subsidiaries, provides various banking and financial services to individuals, self-employed professionals, SMBs, business organizations, 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; asset management, factoring, and leasing services; and cash flow management and payment processing services. In addition, it offers specialized fi...

50, avenue Pierre Mendès

Cedex 13

Paris,  75201

France

Founded in 1818

103,199 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: 51
Chief Executive Officer for Finance, Risks & Operations and Member of the Management Board
Age: 53
Member of The Management Board and Chief Executive Officer of Natixis
Age: 51
Chief Executive Officer of Commercial Banking & Insurance Division and Member of the Management Board
Age: 53
Chief Executive Officer of Crédit Foncier
Age: 51
Compensation as of Fiscal Year 2014.

BPCE SA Key Developments

Groupe BPCE Announces Executive Changes, Effective May 4, 2015

Jacques Beyssade has been appointed Chief Risk Officer and member of the Executive Committee of Groupe BPCE, replacing Isabelle Maury in this position. He will report to Daniel Karyotis, Chief Executive Officer responsible for finance, risks and operations and member of the Management Board of Groupe BPCE, and assumes his new responsibilities on May 4, 2015.

Groupe BPCE and CNP AssuranceS Announce Renewed Partnership

Groupe BPCE and CNP Assurances announced that they have signed definitive agreements relating to the implementation of a renewed partnership as of 1 January 2016. This renewed partnership, for an initial period of seven years, opens a new chapter in the relationship between Groupe BPCE and CNP Assurances. As of 1 January 2016, Natixis Assurances will underwrite all savings and retirements products distributed by the Caisses d'Epargne networks. In parallel, the renewed partnership will include the implementation of an exclusive group creditor insurance partnership with Natixis Assurances covering the entire Groupe BPCE network, as well as specific partnerships in personal and group protection, including health care. It will also include the introduction of mechanisms designed to align the interests of both partners regarding the management of insurance assets within CNP Assurances relating to Caisses d'Epargne client contracts taken out until 31 December 2015, as well as a 10% quota-share reinsurance provided by Natixis Assurances.

Groupe BPCE Reports Consolidated Earnings Results for the Year Ended December 31, 2014

Groupe BPCE reported consolidated earnings results for the year ended December 31, 2014. For the year, the net banking income generated by the company came to EUR 23,609 million, up 2.3% compared with 2013. The core business lines contributed EUR 21,988 million to net banking income, equal to 2.3% growth year-on-year. Gross operating income stands at EUR 7,279 million, up 4.8% compared with 2013. The contribution made by the core business lines rose 1.9% year-on-year to reach a total of EUR 7,445 million. Income before tax rose 9.5% during the year and stood at EUR 5,630 million at December 31, 2014. For the core business lines, income before tax came to EUR 5,967 million, representing growth of 6.6% compared with 2013. Net income attributable to equity holders of the parent ­ excluding the revaluation of the Group's own debt and excluding the introduction of the Funding Valuation Adjustment (FVA) ­ is up by 5.9% and came to EUR 3,080 million in 2014. If account is taken of the revaluation of the Group's own debt and the introduction of the FVA, net income attributable to equity holders of the parent has risen by 4.4% to reach a total of EUR 2,907 million. Net income attributable to equity holders of the parent of the core business lines has risen by 4.8% and stands at EUR 3,423 million for the 2014 financial year. The Group's ROE stands at 5.4%, down 0.3 percentage points. Return on equity stands at 10% for the core business lines, up one percentage point compared with 2013.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 23, 2014
Nexity
Merger/Acquisition
December 10, 2014
Volksbank Romania S.A.
Merger/Acquisition
November 12, 2014
18% Stake in Foncia Holding SAS and 1.9% Stake in FONCIA Groupe SA
 

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