Groupe BPCE
Groupe BPCE (for Banque Populaire Caisse d'Epargne) is a major French banking group formed by the 2009 merger of two major retail banking groups, Groupe Caisse d'Épargne and Groupe Banque Populaire. As of 2021, it was France's fourth largest bank, the seventh largest in Europe, and the nineteenth in the world by total assets. It has more than 8,200 branches nationwide under their respective brand names serving nearly 150 million customers. Its wholesale banking subsidiary Natixis, previously a separately listed company, was delisted and came under full ownership of Groupe BPCE in 2021.
Tours Duo in Paris, headquarters of Groupe BPCE as of 2022 | |
| Company type | Private. Cooperative |
|---|---|
| Industry | Financial services |
| Founded | 19 December 2006 31 July 2009 as Groupe BPCE |
| Headquarters | Paris , France |
Key people | Nicolas Namias, CEO of BPCE; Stephanie Paix, CEO of Natixis |
| Products | Banking and insurance |
| Revenue | €25.7 billion (2022) |
| €7.6 billion (2022) | |
Net income | €5.6 billion (2022) |
| AUM | €1.079 trillion (2022) |
| Total assets | €1.531 trillion (2022) |
| Total equity | €85.5 billion (2022) |
Number of employees | 100,000 (2022) |
| Website | groupebpce.com |
BPCE has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. It is also designated as a global systemically important bank (G-SIB) by the Financial Stability Board.