BPCE, the recently formed French
banking giant, will publish a four-year plan at the start of 2010
which will focus in part on international acquisitions, a
spokesperson for the bank told RBI. They would not divulge any
further details.
BPCE, which was formed in July through the
merger of Banques Populaires and Caisses d’Epargne, recorded a pro
forma net loss of €757 million ($1.1 billion) in the first half of
2009.
Go deeper with GlobalData
The group has 8,200 branches, making it the
third-largest after La Banque Postale and Credit Agricole in terms
of network, and 37 million customers. It has a deposits and
mortgages market share of around 23 percent for each segment.
The spokesperson added that, in terms of
retail banking, the two halves – Banques Populaires and Caisses
d’Epargne – are still largely independent
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
