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April 18, 2015 1:32 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 Financial Officer of Finance, Risk & 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 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.

Groupe BPCE Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Groupe BPCE announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net banking income for the period stood at EUR 5,839 million, equal to 3.2% growth compared with the third quarter of 2013. The core business lines posted net banking income of EUR 5,449 million, up 2.4% over the same period last year. Gross operating income stands at EUR 1,918 million, up 10.0% compared with the same period in 2013. The contribution of the Group's core business lines rose 7.1% year-on-year to reach a total of EUR 1,950 million. Income before tax has increased by 15.6% to reach EUR 1,543 million and income before tax of the core business lines rose by 13.3% to reach EUR 1,642 million. Net income attributable to equity holders of the parent, excluding revaluation of own debt, has risen 4.0% and now stands at EUR 810 million. If account is taken of the revaluation of the Group's own debt, net attributable income stands at EUR 720 million for the Group and at EUR 975 million for the core business lines, representing a 15.1% improvement over the third quarter of 2013. The ROE of the core business lines stands at 11%, up 1 percentage point. For the nine months, the company reported net banking income of EUR 17,707 million, up 3.5% compared with the first nine months of 2013. The net banking income of the core business lines rose 2.9% to EUR 16,454 million. Gross operating income comes to EUR 5,702 million, up 9.0% versus the first nine months of 2013. The contribution of the core business lines stands at EUR 5,750 million, up 6.1% compared with the first nine months of 2013. Income before tax is up 13.8% and stands at EUR 4,500 million for the first nine months of 2014. For the core business lines, income before tax stands at EUR 4,703 million, equal to growth of 12.3%. Net income attributable to equity holders of the parent, excluding revaluation of the Group's own debt, rose 8.2% during the period to reach a total of EUR 2,504 million. If account is taken of the revaluation of the Group's own debt, net income attributable to equity holders of the parent shows growth of 5.7% to stand at EUR 2,384 million. The net income of the core business lines grew by 9.6% to reach EUR 2,736 million for the first nine months of 2014. The ROE of the core business lines remains stable at 10% and it stands at 6.1% for the Group, down 0.1 percentage point.

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