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.
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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
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