
La Banque Postale's 2011 results and business review
NBI and GOP held up well in 2011, financial strength reaffirmed, continuation of the expansion dynamism in 2012.
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NBI and GOP held up well in 2011, financial strength reaffirmed, continuation of the expansion dynamism in 2012.
La Banque Postale and La Caisse des Dépôts are examining the conditions under which they could enter into partnership, in order to finance local authorities.
Today, Philippe Wahl, Chairman of the Executive Board, commented on La Banque Postale’s business activity and results for the first half of 2011. Despite the unfavourable market environment, La Banque Postale reported sound results. Boosted by the strength of the home loans market and the successful start-up of its new business activities, and strengthened by the equity capital injection from the La Poste Group, La Banque Postale is marshalling the resources required to pursue its commercial growth.
In the fifth year since it was founded, La Banque Postale operated in an environment that was still volatile, and characterised by the beginnings of an economic recovery that remains fragile, as well as by discussions on international regulatory changes.
2009 was the best year yet for La Banque Postale - 2010 sees the launch of new business lines and the development of multichannel distribution as La Banque Postale focuses more than ever on putting customers first