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February 07, 2016 7:39 PM 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

108,000 Employees

Phone:

33 1 58 40 41 42

Key Executives for BPCE SA

Executive Chief Financial Officer
Age: 46
Chief Executive Officer of Finance, Risks & Operations and Member of the Management Board
Age: 54
Member of the Management Board and Chief Executive Officer of Natixis
Age: 52
Chief Executive Officer of Commercial Banking & Insurance Division and Member of the Management Board
Age: 54
Chief Executive Officer of Crédit Foncier
Age: 52
Compensation as of Fiscal Year 2015.

BPCE SA Key Developments

Groupe BPCE Announces Executive Changes

On a proposal by François Pérol, the Supervisory Board of Groupe BPCE convened a meeting on November 16, 2015 chaired by Pierre Valentin to appoint the new members of the Group's Management Board. The new Board will be chaired by François Pérol for a further four-year term ending in May 2020, when the full-year 2019 financial statements are approved by the Annual Shareholders' Meeting. Catherine Halberstadt, Chief Executive Officer in charge of Group Human Resources, whose appointment will be effective as of January 1, 2016. It is also planned to entrust her with the position of Corporate Secretary of BPCE SA, subject to the information/consultation process with the Works Council. Catherine Halberstadt, who currently serves as Chief Executive Officer of Banque Populaire Massif Central, will assume the position of Chief Executive Officer in charge of Human Resources following the resignation from the Group of Anne Mercier-Gallay after four particularly intense years at BPCE during which she introduced the Group's human resources policy. In addition to the Management Board members, the Group's Executive Management Committee includes Marguerite Bérard-Andrieu, Deputy Chief Executive Officer, in charge of Strategy, Legal affairs and Compliance and Secretary to the Supervisory Board.

Groupe BPCE Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Groupe BPCE announced consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported the net banking income stands at EUR 17,875 million, up 4.6% compared with the first nine months of 2014. The core business lines contributed EUR 17,494 million to net banking income, up 5.9% compared with the first nine months of 2014. Income before tax has risen by 10.5% on a year-on-year basis to stand at EUR 4,912 million for the first nine months of 2015. The income before tax of the core business lines stands at EUR 5,313 million, up 13.3% compared with the first nine months of 2014. When restated to account for the impact of IFRIC 21 and non-economic and exceptional items, the net income attributable to equity holders of the parent rose by 4.5% to stand at EUR 2,747 million while that of the core business lines rose by 10.9% to EUR 3,064 million. The Group`s ROE remains stable at 6.6%. ROE is 11% for the core business lines, up one point compared with the first nine months of 2014. After accounting for non-economic and exceptional items, in addition to the impact of IFRIC 21, the published net income for the first nine months of 2015 rose by 11.8% compared with the first nine months of 2014, to reach a total of EUR 2,617 million. The published net income of the core business lines enjoyed 11.7% growth, rising to EUR 3,022 million. In the third quarter of 2015, the net banking income of company stood at EUR 5,731 million, slightly higher than in the third quarter of 2014. The core business lines contributed EUR 5,680 million to this item, up 3.5% compared with the third quarter of 2014. Income before tax experienced a 3.5% year-on-year decline to stand at EUR 1,636 million in the third quarter of 2015. The income before tax of the core business lines stands at EUR 1,843 million, up 7.0% compared with the third quarter of 2014. When restated to reflect the impact of IFRIC 21 and that of non-economic and exceptional items, net income attributable to equity holders of the parent shows a decline of 4.7% and stands at EUR 897 million while that of the core business lines, however, enjoyed growth of 5.0%, rising to EUR 1,027 million. The Group`s ROE stands at 6.6%, down 0.2 point; it stands at 11% for the core business lines, up 1 point compared with the third quarter of 2014. After accounting for non-economic and exceptional items and the impact of IFRIC 21, the published net income displays year-on-year growth of 23.0% at EUR 937 million. The published net income of the core business lines rose 4.9% to reach EUR 1,069 million in the third quarter of 2015.

Groupe BPCE Reports Consolidated Earnings Results for the Second Quarter and First Half of 2015

Groupe BPCE reported consolidated earnings results for the second quarter and first half of 2015. For the quarter, the company reported net banking income of EUR 5,939 million. The revenues of the core business lines have risen by 6.3% in the space of one year to reach a total of EUR 5,911 million. Income before tax was EUR 1,663 million. Net income attributable to equity holders of the parent was EUR 886 million. ROE was 6.2%. Published net income was EUR 1,053 million. The revenues generated by the Commercial Banking & Insurance business line came to EUR 3,904 million in the second quarter of 2015, equal to growth of 4.7% compared with the same period in 2014. Income before tax of the core business lines was EUR 1,868 million.Net income attributable to equity holders of the parent of the core business lines was EUR 1,058 million. ROE of the core business lines was 11%. Published net income of the core business lines was EUR 1,058 million. The revenues generated by the Commercial Banking & Insurance business line came to EUR 3,904 million in the second quarter of 2015, equal to growth of 4.7% compared with the same period in 2014. For the first half, the company reported net banking income of EUR 12,143 million. The revenues of the core business lines increased by 7.2% to stand at EUR 11,815 million. Income before tax was EUR 3,276 million.Net income attributable to equity holders of the parent was EUR 1,760 million. ROE was 6.8%. Published net income was EUR 1,679 million. Revenues stood at EUR 7,866 million for the first half of 2015, representing growth of 4.8% compared with the first half of 2014. Income before tax of the core business lines was EUR 11,815 million.Net income attributable to equity holders of the parent of the core business lines was EUR 1,953 million. ROE of the core business lines was 11%. Published net income of the core business lines was EUR 1,953 million.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 25, 2015
Nexity
Merger/Acquisition
May 25, 2015
Banca Carige S.p.A.
 

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