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2025-2030 strategic plan: new governance
Philippe Heim, Chairman of the Executive Board of La Banque Postale, has unveiled the new governance structure and the changes in the management team that will implement La Banque Postale’s 2025-2030 strategic plan presented on 2 March.
Appointments to La Banque Postale’s executive board
Philippe Heim, Chairman of the Executive Board, today presented to La Banque Postale’s Supervisory Board chaired by Philippe Wahl, Chairman and Chief Executive Officer of Le Groupe La Poste, the new governance team tasked with implementing La Banque Postale’s 2025-2030 strategic plan.
La Banque Postale’s Group 2020 Results and Business activity
A watershed year shaped by non-recurring transactions: Attributable net profit of €4.15m as reported, including €3.4bn of initial accounting entries related to the first-time consolidation of CNP Assurances Restated for the above items, attributable net profit came to €738m, including the change in consolidation scope resulting from the full consolidation of CNP Assurances (positive effect of €484m) and the Covid-19 impact (negative effect of €377m on net banking income and €455m on cost of risk) RONE was 6.3%, reflecting the business model’s resilience in the face of the crisis
2020 annual results and 2030 strategic plan
In a difficult environment, the expanded group delivered resilient results and completed the process of creating one of Europe’s leading bancassurers.
La Banque Postale: Successful €500m Tier 2 Subordinated Notes Issue
La Banque Postale has successfully raised €500 million through a Tier 2 Subordinated Notes issue. The 11.5-year notes are callable in year 6 and pay a fixed interest rate (reset for the remaining 5 years in the event that the notes are not called). The issue forms part of La Banque Postale’s strategy to strengthen its regulatory own funds and optimise its Tier 2 bucket, took advantage of attractive market conditions.
La Banque Postale and the Groupama Group announce the signing of a memorandum of understanding concerning La Banque Postale Assurances IARD
La Banque Postale and the Groupama Group have signed a non-binding memorandum of understanding covering the acquisition by La Banque Postale of Groupama’s 35% interest in La Banque Postale Assurances IARD (LBP IARD) and their extended cooperation in the areas of legal protection and assistance services.