14. BPCE, France

Groupe BPCE, the 2nd largest banking group in France, formed by the 2009 merger of CNCE (Caisse nationale des caisses d'épargne) and BFBP (Banque fédérale des banques populaires). Its 115,000 employees serve a total of 36 million customers, 8.8 of whom have decided to become cooperative shareholders. BPCE contributes 20% to the drive to finance the French economy.

 

(June 2010)

    Tier-1 capital: €41 billion

    Tier-1 ratio: 9.6%

    Total assets: €1,124 billion

    Loans outstanding: €288 billion

    Saving deposits: €511 billion

 

Groupe BPCE, through its subsidiaries, provides various banking, financial, insurance, and real estate services to individuals, self-employed professionals, VSEs, companies, associations, institutions, and local authorities in France and internationally. The company offers deposits, loans and credit, and financing services, as well as private banking services. It also provides equipment, real estate, operating, long-term vehicle, IT operational, and renewable energy leasing solutions; and insurance products, including life, pension, car, home, legal protection, accident, provident, health, and payment protection insurance products. In addition, the company offers investment banking and real estate financing services; structured financing solutions, such as advisory, arranging, underwriting, and financial engineering solutions for the financing of aircraft, exports, infrastructure, energy and commodities, strategies and acquisitions, real estate, and investment engineering; treasury products, cash management, trade finance, and correspondent banking services; and investment, financing, and hedging products on the fixed income, credit, currency, commodity, and equity markets. Further, it provides specialized financial services, such as factoring, sureties and guarantees, lease financing, consumer finance, cinema and audiovisual production financing, employee benefits planning, payments processing, and securities services. Additionally, the company offers investment solutions, such as asset management services; private banking services; and private equity solutions covering venture capital, growth capital, business transfer, funds of funds, and investment advisory activity activities. It is also engaged in the real estate development of residential and commercial properties; and offers real estate advisory services.