General presentation of La Banque Postale

La Banque Postale Group’s business is organised around three areas of expertise: 

• Retail Banking: offering banking products and services to private individuals, professionals, corporate customers, social economy actors and local authorities;
• Insurance: life insurance via CNP Assurances and death & disability, property & casualty and health insurance through La Banque Postale’s insurance subsidiaries;
• Asset management, carried out through the asset management subsidiaries which market savings and investment products to retail, corporate and institutional customers.

La Banque Postale has carved a unique position in the French market by basing its growth on a multi-partner business model that leverages Le Groupe La Poste’s values of trust, inclusiveness and local service. Thus, La Banque Postale’s commercial strategy focuses on simple and affordable products suited to the needs of its customers.

Le Groupe La Poste owns all of La Banque Postale’s capital and voting rights, except for one share held by the Chairman of the Supervisory Board. There are no employee shareholders.

Article 1 of French law no. 2010-123 of 9 February 2010 stipulates that La Poste’s share capital shall be held by the French State and by other public sector shareholders, except for any shares that may be held under employee ownership schemes.

Following completion of the project to create a large public financial group, Le Groupe La Poste is now 66%-owned by Caisse des Dépôts and 34% by the French State.