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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. [ 3 ]
At the end of a business combination process first launched in 2006, the Banque Populaire and Caisse d’Epargne retail banking networks merged their central institutions on July 31, 2009 leading to the creation of Groupe BPCE, the second largest banking group in France.
A universal cooperative banking model serving customers and the economy. Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world.
The entity resulting from the merger of CNCE and BFBP, named BPCE, was formed on 2009-07-31. That same day, Pérol became its CEO while Philippe Dupont , previously the chairman of Groupe Banque Populaire, became non-executive chairman of BPCE.
Presentation of Groupe BPCE: the Group's organization, cooperative business model and core business lines.
Groupe BPCE is a French banking group, formed by the 2009 merger of CNCE (Caisse Nationale des Caisses d'Epargne) and BFBP (Banque Federale des Banques Populaires), has more than 8,200 branches nationwide under their respective brand names serving nearly 40 million customers.
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Groupe Banque Populaire started in 1878 with the foundation of the first local "people's bank" (French: banque populaire) in the western French city of Angers.
