Groupe BPCE finalises the change of its overseas network
Paris, September 18th, 2015
Groupe BPCE announces the disposal of all the equity interests held by BPCE International et Outre-Mer (BPCE IOM) in Banque de la Réunion, Banque des Antilles Françaises and Banque de Saint-Pierre-et-Miquelon to Caisse d'Epargne Provence-Alpes-Corse (CEPAC).
This disposal of these three banks by BPCE IOM allows Caisse d'Epargne Provence-Alpes-Corse to become a major banking player in the service of clients and overseas territories.
This transaction, initiated last October, fits into the strategic plan "Growing differently". It allows the refocus of the Group's presence in the overseas Eurozone around its two large retail networks: the Banque Populaire banks and the Caisses d'Epargne.
About Groupe BPCE
Groupe BPCE, the 2nd-largest banking group in France, includes two independent and complementary cooperative commercial banking networks: the network of 18 Banque Populaire banks and the network of 17 Caisses d'Epargne. It also works through Crédit Foncier in the area of real estate financing. It is a major player in Wholesale Banking, asset management and financial services with Natixis. Groupe BPCE serves more than 36 million customers and enjoys a strong presence in France with 8,000 branches, 108,000 employees and more than 8.9 million cooperative shareholders.
| Contacts presse Groupe BPCE Christophe Gilbert : 33 (0)1 40 39 66 00 / 33 (0)6 73 76 38 98 | |
| www.bpce.fr | @GroupeBPCE |
