
- Groupe
La Banque Postale reinforces its asset management activities
LBP AM enters into exclusive negotiations with Groupe Primonial to acquire 100% of LFDE. LBP aims to accelerate its business diversification.
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LBP AM enters into exclusive negotiations with Groupe Primonial to acquire 100% of LFDE. LBP aims to accelerate its business diversification.
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.
An overall performance illustrated by strong earnings growth, successful implementation of our international strategy and high commitments.
An overall performance illustrated by strong earnings growth, successful implementation of our international strategy and high commitments to ensure that we are useful to all our stakeholders. - Premium income of €36bn (up 13.7%) - Attributable net profit of €1,939m (up 25%) - SCR coverage ratio of 230% (up 13 pts) - €25.2bn green investment portfolio (up 19.4%)
La Banque Postale has been rated A by CDP. LBP is the only French bank to receive such recognition by CDP in 2022 for its fight against climate change.
La Banque Postale, recognised for its international leadership in the fight against climate change has, for the second year in a row, been rated A by CDP, the standard-setting international not-for-profit charity in the assessment of corporate climate strategies. By committing to achieving zero net emissions by 2040 for its banking activities1, La Banque Postale is the only French bank to receive such recognition by CDP in 2022 for its commitment to the climate, placing it among the 292 most effective companies worldwide in the fight against climate change.