Groupe BPCE

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The Banques Populaires Caisses d' Epargne ( BPCE ) is one of the largest banking groups in France, created on 31 July 2009 from the merger of Groupe Banque Populaire (People's Bank) and Groupe Caisse d' Epargne ( Savings Bank ).

The Bank is one of the 28 major banks, which by the Financial Stability Board (FSB) as " systemically important financial institution" ( systemically important financial institution) were classified. Therefore it is subject to special monitoring and stringent requirements on the level of equity.

Indicators

The Institute was newly created on 31 December 2009 around 37 million customers ( including 7 million members), had approximately 8,200 stores and employed approximately 127,000 people. Shareholders' equity totaled EUR 37.6 billion and total assets of 1.029 trillion euros. The Group had a market share of 20 percent in retail banking in France.

Corporate Structure

The bank BPCE commenced operations on 31 July 2009 by the extraordinary general meetings of Groupe Caisse d' Epargne ( Savings Bank ) and Groupe Banque Populaire (People's Bank). With a value of 16 billion euros BPCE is the central organ of the new group, which is controlled by the two networks for five years. The French Government holds preference shares, but without voting rights.

Groupe Caisse d' Epargne and Groupe Banque Populaire remain within the BPCE exist and sell the products under their own brand. The legal form of BPCE is a public limited company with Board of Management and Supervisory Board. The latter has 18 members, including 7 from the Groupe Caisse d' Epargne and Groupe Banque Populaire 7 from the. The state has four representatives on the board, while the employees have 2. The Chairman is François Pérol.

Divisions

BPCE is active in the following areas:

  • Complete range of banking, financial and real estate services
  • Private pensions,
  • Credit insurance and factoring for companies
  • Social market economy, electronic payments and franchise systems for traders,
  • The resumption of business start-ups to small and medium-sized enterprises (SMEs).

Criticism

In September 2010, BPCE was sentenced along with ten other banks by the Conseil de la Concurrence to pay a fine in the amount of 381.1 million euros. The banks had made ​​an arrangement to the effect that they and July 2007 of its customers 4.3 cents per check fees check required by January 2002 in order to achieve extra profits. This was 80 % of the checks used in France. By 2002, the check transactions in France was free. After the intervention of the banking supervision, " unlawfully " called the gains, this practice was stopped. The banks of the cartel were also punished for excessive fees along with 3.8 million euros. BPCE played the Conseil de la Concurrence, according a leading role in the cartel, which is why their penalty 10 % was higher. She was raised by a further 20 % because BPCE was convicted in 2000 for obstruction of competition to a penalty.

Types of business entity International Securities Identification Number July 31 Vorstand Equity (finance) Handelsblatt
103473
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