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110 results
CNP Assurances SA announces the payment of an interim dividend of around €1 billion to CNP Assurances Holding
The Board of Directors of CNP Assurances SA met on September 27, 2023 at 9 a.m. at the company's head office in Issy-les-Moulineaux, under the chairwomanship of Véronique Weill. At the meeting, the Board approved the distribution of an interim dividend of around €1 billion to CNP Assurances Holding, to be paid from the current year's net income and retained earnings.
La Banque Postale Group presents its New Green, Social and Sustainability Bond Framework (the “Framework”)
As a civic-minded bank, La Banque Postale Group introduces the update of its Green, Social and Sustainability Bond Framework in order to contribute to best market practices, cover a broader range of its activities and include European taxonomy alignment for some eligible assets.
Philippe Heim steps down as chairman of the executive board of La Banque Postale
After successfully accelerating the transformation of La Banque Postale’s business model and asserting its leadership in impact finance, Philippe Heim steps down as chairman of the executive board of La Banque Postale to focus on new responsible finance development projects.
The European Banking Authority publishes the results of its 2023 EU-wide stress test
On 28 July 2023, the European Banking Authority (EBA) published the results of the 2023 stress test exercise conducted in cooperation with the European Central Bank (ECB). A total of 57 banks supervised by the ECB were covered by the exercise and scenarios were tested to the end of 2025. Under IFRS 17, applicable to insurance contracts from 1 January 2023, La Banque Postale demonstrates its strength in a particularly severe adverse scenario.
La Banque Postale and Aegon extend their partnership in asset management
La Banque Postale and Aegon Asset Management (Aegon AM) are pleased to announce the extension of their asset management joint venture partnership in LBP AM through 2035. Aegon AM originally entered into the joint venture with La Banque Postale in 2015 and holds a 25% stake in LBP AM.
Birth of a leading European multi-specialist in conviction-based management: LBP AM completes the acquisition of La Financière de l'Échiquier
La Banque Postale announced today that it has completed the acquisition by LBP AM of La Financière de l'Échiquier (LFDE), one of France's leading entrepreneurial asset management companies. LBP AM now owns 100% of LFDE. The transaction, which has been approved by the French financial markets Authority (Autorité des Marchés Financiers) and competition Authority (Autorité de la Concurrence), creates a key player in conviction-based asset management in France and Europe.
Impacts of applying the new IFRS 17 for insurance contracts on the 2022 financial statements already published under IFRS 4
Attributable equity under IFRS 17 amounts to €20.8 billion compared with €17.1 billion under IFRS 4. The impact of rising interest rates is more moderate, reflecting a better match between the measurement of assets and liabilities under IFRS 17, with Savings/Pensions liabilities now measured at market value.
Application of IFRS 17 to the 2022 published financial statements under IFRS 4, for comparisons with the financial statements to be published in 2023
The difference in equity reflects CNP Assurances’ resilience in a rising interest rate environment. The difference in attributable net profit is due to the impact of the standard on revenue from own-funds portfolios.
2022 Annual Results
Solid financial results in line with the strategic plan, in an uncertain environment.
La Banque Postale reinforces its asset management activities: LBP AM enters into exclusive negotiations with Groupe Primonial with a view to acquiring 100% of La Financière de l'Échiquier (LFDE)
With this transaction, La Banque Postale Asset Management (LBP AM), a subsidiary of La Banque Postale (at 75%) and Aegon Asset Management (at 25%), would consolidate its position as a multi-specialist conviction manager with total assets under management of €67 billion. It would also extend its presence to 9 European countries and broaden its range of products.
CNP Assurances completes the acquisition of 100% of CNP Cap, continuing its multi-partner development internationally
CNP Assurances announces the completion of the acquisition of ICATU's stake in CNP Capitalização S.A. "CNP Cap", bringing its stake to 100%.
CNP Assurances continues to finalize its acquisitions in Brazil announced on 14 September 2022
CNP Assurances announces the completion of the acquisition of Caixa Seguridade's stake in CNP Participações em Seguros Ltda. “Holding Seguros”, bringing its ownership to 100%.
La Banque Postale: Successful inaugural Social covered bond issue
La Banque Postale, through its subsidiary La Banque Postale Home Loan SFH dedicated to refinancing home loans granted by the bank retail network in France, has successfully placed its first social covered bond issue on January 23th 2023 focusing on social home ownership loan - “Prêt d’Accession Sociale”. This transaction follows a first issue of green bond through this vehicle in 2022.
CNP Assurances successfully launches its first subordinated sustainable bond
A player in ecological and social transition, CNP Assurances announces the successful issue of its first sustainable bond, carried out on January 11, 2023, for an amount of €500 million. The fixed annual coupon is 5,25% until july 18, 2033 and then will be floating beyond this date and until its maturity.
La Banque Postale is positioned well above the prudential requirements set by the ECB for 2023
La Banque Postale has been notified by the European Central Bank of the results of the Supervisory Review and Evaluation Process (SREP) conducted in 2022 and its level of prudential capital requirements on a consolidated basis, applicable for 2023.
CNP Assurances publishes its new Sustainable Bond Framework for financing social and environmental projects
As a player committed to the just transition to a low-carbon economy, CNP Assurances announces the update of its Green Bond Framework set up in 2019 to finance environmental projects by a new Sustainable Bond Framework allowing to finance also social projects. This expansion, aligned with our corporate mission for being adopted in 2021, reflects the actions carried out with our partners for an inclusive and sustainable society.
CNP Assurances completes the sale of CNP Partners to Mediterráneo Vida and continues to streamline its operations in Europe
CNP Assurances has announced the completion of the sale of 100% of the capital of CNP Partners, its Spanish life insurance subsidiary, to Mediterráneo Vida. CNP Partners' activities are mainly dedicated to traditional savings products in Spain and Italy.
CNP Assurances completes 100% acquisition of Odonto Empresa marking another step forward in its international multi-partner development strategy
CNP Assurances finalized the acquisition of the shares held by Caixa Seguridade in Odonto Empresas Convênios Dentários Ltda., “Odonto Empresa”, raising its shareholding to 100%.
S&P Global Ratings revised the outlooks of La Banque Postale
On 6 December 2022, S&P Global Ratings (S&P) revised the outlooks of La Banque Postale to negative from stable. The outlook revision follows a similar action on France.