Press release on permanent regulated information
All filters
All filters applied :
166 articles
All filters applied :
2020 interim results of La Banque Postale
Attributable net profit up 11% at €468m excluding non-recurring impact1 of CNP Assurances first-time consolidation entries but including the change in consolidation scope (first-time consolidation of CNP Assurances) for a positive €182m impact and the effects of the Covid-19 health and economic crisis, which reduced net banking income by €361m and added €141m to the cost of risk.
Rémy Weber to step down as Chairman of La Banque Postale’s Executive Board
After contributing to the link-up between La Banque Postale and CNP Assurances and laying the foundations for the creation of a joint asset management entity with Natixis, Rémy Weber is stepping down as Chairman of La Banque Postale’s Executive Board in order to pursue new projects, following a difference of views concerning CNP Assurances’ governance.
Natixis and La Banque Postale create European asset management leader
Natixis and La Banque Postale signed, on June 28th, an agreement to combine their fixed-income and insurance-related asset management businesses, as announced in December 2019, creating a European leader with over €415 billion1 in assets under management for large institutional clients.
La Banque Postale gives a new dynamic to its asset management subsidiary and SRI pioneer, La Banque Postale Asset Management
La Banque Postale impulses a new dynamic to its asset management business. In addition to its 45% stake in the new joint entity with Groupe BPCE and Natixis for fixed income and insurance-related asset management, LBP AM and its subsidiary Tocqueville Finance are strengthening their position in predominantly SRI multi-specialist conviction management, supporting clients’ asset diversification towards sustainable and transparent performance.
La Banque Postale: Successful €750m Senior Non-Preferred Notes Issue
In an environment shaped by the public health and economic crisis, La Banque Postale has successfully raised €750 million through a new Senior Non-Preferred Notes issue. The 6-year notes pay interest at 0.50% for the first five years and then at a variable rate if the buyback option is not exercised in the fifth year. The issue is in line with La Banque Postale’s strategy to increase its funding eligible for inclusion in the MREL.