Groupe Banque Populaire ("People's Bank") was a French group of
cooperative banks. The central entity was controlled by 15 independent regional banks and also operated under the CASDEN and the Crédit Coopératif subsidiaries.
In 2006, Groupe Banque Populaire created
Natixis
Natixis is a French corporate and investment bank created in November 2006 from the merger of the asset management and investment banking operations of ''Natexis Banques Populaires'' (Banque Populaire group) and ''IXIS'' (Groupe Caisse d'Epargne ...
with another
French
French (french: français(e), link=no) may refer to:
* Something of, from, or related to France
** French language, which originated in France, and its various dialects and accents
** French people, a nation and ethnic group identified with Franc ...
cooperative banking group,
Groupe Caisse d'Epargne
A group is a military unit or a military formation that is most often associated with military aviation.
Air and aviation groups
The terms group and wing differ significantly from one country to another, as well as between different branches ...
, to which they brought Banque Populaire's
Natexis
Natixis is a French corporate and investment bank created in November 2006 from the merger of the asset management and investment banking operations of ''Natexis Banques Populaires'' (Banque Populaire group) and ''IXIS'' (Groupe Caisse d'Epargne ...
and Caisse d'Epargne's
IXIS Corporate and Investment Bank.
In 2009, Banque Populaire and Caisse d'Epargne merged to form
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 ba ...
.
Merger
In October 2008 the group announced plans, since approved by the
French government
The Government of France ( French: ''Gouvernement français''), officially the Government of the French Republic (''Gouvernement de la République française'' ), exercises executive power in France. It is composed of the Prime Minister, who ...
, to merge with
Groupe Caisse d'Epargne
A group is a military unit or a military formation that is most often associated with military aviation.
Air and aviation groups
The terms group and wing differ significantly from one country to another, as well as between different branches ...
.
The companies merged in 2009 to form the Groupe BPCE
[Jolly, David]
Parent of French Bank Agrees to Guarantee Troubled Assets.
''New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid d ...
.'' 26 August 2009. and retain their separate retail banking brands and
branch
A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk (botany), trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term '' ...
networks. Banque Populaire's
chief executive officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
Philippe Dupont has been nominated to head the enlarged company.
As of December 2008, Banque Populaire had:
* 3,460,000 shareholders
* 9,400,000 customers
* 3,391
branches
A branch, sometimes called a ramus in botany, is a woody structural member connected to the central trunk of a tree (or sometimes a shrub). Large branches are known as boughs and small branches are known as twigs. The term ''twig'' usually ...
in
France
France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...
* a 70 countries presence
References
External links
Groupe Banque Populaire Caisse d'EpargneBanque Populaire website (in french)
Banks established in 1878
BPCE
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