Groupe BPCE

Tours Duo in Paris, headquarters of Groupe BPCE as of 2022[1]
Company type	Private.Cooperative
Industry	Financial services
Founded	19 December 2006; 18 years ago (2006-12-19) 31 July 2009; 15 years ago (2009-07-31) as Groupe BPCE
Headquarters	Paris , France
Key people	Nicolas Namias, CEO of BPCE; Stephanie Paix, CEO of Natixis
Products	Banking andinsurance
Revenue	€25.7 billion (2022)[2]
Operating income	€7.6 billion (2022)[2]
Net income	€5.6 billion (2022)[2]
AUM	€1.079 trillion (2022)[2]
Total assets	€1.531 trillion (2022)[2]
Total equity	€85.5 billion (2022)[2]
Number of employees	100,000 (2022)[2]
Website	groupebpce.com

BPCE (forBanquePopulaireCaisse d'Epargne) is a major French banking group formed by the 2009 merger of two major retail banking groups,Groupe Caisse d'Épargne andGroupe 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.^[3] It has more than 8,200 branches nationwide under their respective brand names serving nearly 150 million customers.^[4] Its wholesale banking subsidiaryNatixis, previously a separately listed company, was delisted and came under full ownership of Groupe BPCE in 2021.

BPCE has been designated as a Significant Institution since the entry into force ofEuropean Banking Supervision in late 2014, and as a consequence is directly supervised by theEuropean Central Bank.^[5][6] It is also designated as a globalsystemically important bank (G-SIB) by theFinancial Stability Board.

In 2008 and early 2009, the French state provided around 7 billion euros of financial support to the group formed by Caisse d'Épargne, Banque Populaire and their joint venture Natixis.François Pérol, a senior aide to PresidentNicolas Sarkozy, led the decision-making on the group's restructuring. The entity resulting from the merger of CNCE and BFBP, named BPCE, was formed on 31 July 2009. That same day, Pérol became its CEO whilePhilippe Dupont [fr], previously the chairman of Groupe Banque Populaire, became non-executive chairman of BPCE.

In 2014, BPCE hadCoface listed through an initial public offering, and subsequently reduced its equity stake. As of March 2021, BPCE retained residual ownership of 12.7 percent of Coface's capital.

In July 2016, BPCE announced the purchase ofFidor Bank, a Fintech challenger bank, operating in the UK and Germany,^[7] but in November 2018 considered selling it again.^[8]

In 2018, BPCE sold its African operations to Morocco'sBCP Group. These included stakes of 68 percent inBanque Internationale du Cameroun pour l'Epargne et le Crédit [fr] (BICEC); 71 percent inBanque Malgache de l'Océan Indien (BMOI); 100 percent in theBrazzaville-basedBanque Commerciale Internationale [fr] (BCI); and 60 percent ofBanque Tuniso-Koweitienne [fr].^[9]

In 2018–2019, BPCE fully integrated the formerCrédit Foncier de France's activities into its other operations and terminated the use of the Crédit Foncier brand.^[10][11] In June–July 2021, it acquired all shares of Natixis that it did not previously own, and completed the entity's delisting on 31 July 2021.

On 21 January 2025, BPCE and the Italian insurerGenerali announced that they have signed a non-binding memorandum of understanding to create a 50-50 owned joint venture in order combine their asset management operations,^[12] which would have around €1.9tn of assets under management and include Natixis Investment Managers and its affiliates (notablyOstrum Asset Management).^[13]

Despite the 2009 merger, the two networks of local banks, Caisse d'Épargne and Banque Populaire, continue to operate under separate and to an extent competing brands. BPCE is fully owned by local savings banks and popular banks, which in turn are legally owned by their customers as cooperative members.

BPCE provides various deposit and loan products to small and medium enterprises, craftspeople, franchisees, and franchisers; savings collection and management, credit, payment, and wealth management services; and real estate financing and corporate banking services. The company also offers bancassurance products, including life assurance and pensions that comprise automobile and home insurance,^[14] legal protection, the guarantee of life accidents, the supplementary health care insurance, welfare professionals and the collective retirement pensions and health, as well as credit insurance and guarantees to individuals, professionals, real estate professionals, and businesses.^[15]

Groupe BPCE has had three chief executives (French:président du directoire) so far:

• François Pérol (July 2009 - May 2018)^[16]
• Laurent Mignon (June 2018 – December 2022)^[17]
• Nicolas Namias [fr] (December 2022 – present)^[18]

In 2010 the French government's competition authority, theAutorité de la concurrence, fined eleven banks, including Groupe BPCE, 385 million euros in the context of theFrench check processing fee controversy of 2010.^[19][20]

• BNP Paribas
• Société Générale
• Crédit Agricole
• Crédit Mutuel

• Banks established in 2006
• French companies established in 2006
• Banks under direct supervision of the European Central Bank
• BPCE
• French brands
• Investment banks
• Systemically important financial institutions
• Banks based in Paris

• All articles with dead external links
• Articles with dead external links from December 2022
• Articles with permanently dead external links
• Articles with short description
• Short description is different from Wikidata
• Use dmy dates from December 2023
• Articles containing French-language text