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February 13, 2016 11:07 AM ET


Company Overview of La Banque Postale S.A.

Company Overview

La Banque Postale S.A. provides various banking, insurance, and asset management services in France. The company operates in three segments: Retail Banking, Insurance, and Asset Management. The Retail Banking segment offers various retail banking products and services, including savings accounts and demand deposits; home loans, Consumer loans, loans to companies/local authorities, and personal loans; and funds-transfer and online broking services to retail, high net-worth, corporate, and local authority customers. The Insurance segment provides a range of personal insurance products, such as life insurance, retirement, contingency, and health insurance products; property and liability insura...

115, rue de Sèvres

Cedex 06

Paris,  75275


Founded in 2005

27,877 Employees

Key Executives for La Banque Postale S.A.

Head of Finance & Strategy, Member of the Supervisory Board and Member of the Executive Board
Age: 54
Head of Operations
Chief Executive Officer of Retail Brand La Poste
Age: 56
Head of Quality Assurance ( Banking Business Department), Member of the Supervisory Board, Member of Strategy Committee and Member of Appointments & Remuneration Committee
Age: 59
Head of Banking Services & Multi-Channel Distribution - Retail Department and Member of the Supervisory Board
Age: 60
Compensation as of Fiscal Year 2015.

La Banque Postale S.A. Key Developments

CNP Assurances and La Banque Postale Have Announces the Signature of Preliminary Memorandum of Understanding for the Renewal of its Partnership as of 2016

CNP Assurances and La Banque Postale have announced the signature of a preliminary memorandum of understanding for the renewal of their partnership as of 2016 for a further period of 10 years. The renewed partnership would cover the following aspects: In the field of life insurance and capitalisation policies: the renewal of the partnership for a term of 10 years as of 1 January 2016, the scope being widened to cover BPE. In the field of personal protection policies: the implementation of a direct partnership with La Banque Postale covering collective borrowers' insurance policies for mortgage loans over a period of 10 years, CNP Assurances being substituted to La Banque Postale Prévoyance for this segment; CNP Assurances' transfer to La Banque Postale of its shareholding in La Banque Postale Prévoyance. The latter will retain the individual protection activities among other things. The planned renewal of the partnership between the parties is fully in keeping with the strategic policies of CNP Assurances and La Banque Postale. The signature of the final agreements is expected to take place during the 1st quarter of 2016, and the current agreements will continue to be performed until then.

Parties Reportedly Interested In Buying European Factoring Division Of GE

BNP Paribas SA (ENXTPA:BNP), La Banque Postale S.A. and CM-CIC Investissement are said to be interested in buying the European factoring division of General Electric Company (NYSE:GE), Reuters reports, citing a report from Les Echos. According to Les Echos, firms’ offers for the unit, which could value the business at €700 million- €1 billion, are expected today.

La Banque Postale Reports Sales Results for the First Half Year Ended June 30, 2015

La Banque Postale reported sales results for the first half year ended June 30, 2015. For the period, the company reported premium income of EUR 4,226.0 million against EUR 4,700.8 million last year.

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