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The European Payments Initiative (EPI) announces major Polish and Finnish banks and consortium of twelve Spanish credit institutions join as new founding shareholders.
Today, EPI Interim Company, responsible for initiating the implementation of the European Payments Initiative (EPI), is pleased to announce that PKO Bank Polski (“PKO BP”), Poland’s largest bank, and OP Financial Group, the leading Finnish retail bank, are joining EPI as founding shareholders of the recently created company. Furthermore, a group of 12 Spanish credit institutions banks has also formed a consortium and are joining EPI as a collective founding shareholder of the EPI Interim Company.
La Banque Postale SA’s capital requirements as assessed in 2019 have been renewed by the European Central Bank (ECB)
Given the current unprecedented economic and health crisis facing European countries and financial institutions, the ECB has not made new decisions further to its Supervisory Review and Evaluation Process (SREP) carried out in 2020.
La Banque Postale SA’s capital requirements as assessed in 2019 have been renewed by the European Central Bank (ECB)
Given the current unprecedented economic and health crisis facing European countries and financial institutions, the ECB has not made new decisions further to its Supervisory Review and Evaluation Process (SREP) carried out in 2020. As a result, the 8.375% CET1 capital requirement of which La Banque Postale was notified last year, applicable on a consolidated basis from 1 April 2020, remains in effect.
Nomination Antoine Lissowski
On 1 December 2020, Antoine Lissowski, Chief Executive Officer of CNP Assurances, will join the Executive Committee of La Banque Postale, led by Philippe Heim, Chairman of the Board of Directors of La Banque Postale. Lissowski will particularly further align CNP Assurances with La Banque Postale, which has been a majority shareholder since 4 March 2020, as part of a mission to create a large public financial hub.
EPI: The European Payments Initiative
The European Payments Initiative (EPI) enters the next phase with Worldline and Nets becoming shareholders of the EPI Interim Company, as the first third-party acquirers to join the initiative. EPI is also glad to announce the appointment of Dr. Joachim Schmalzl as chairman of the board and Martina Weimert as CEO of the Interim Company.
Natixis and La Banque Postale create a European leader in fixedincome and insurance-related asset management : Ostrum Asset Management
Natixis and La Banque Postale have completed the combination of the fixed-income and insurance-related asset management businesses of Ostrum Asset Management and La Banque Postale Asset Management, following receipt of regulatory approvals. The closing of this combination on October 31, 2020 creates a European asset management leader with more than €430 billion in assets under management and over €590 billion under administration through its services platform as at end-September 2020.