Groupe Banque Populaire

Banque Populaire (lit. 'People's Bank') was a French group of cooperative banks that in 2009 formed part of Groupe BPCE. The central entity was controlled by 15 independent regional banks and also operated under the CASDEN and the Crédit Coopératif subsidiaries.

Groupe Banque Populaire
Typeco-operative
IndustryBanking
Founded1878
Defunct31 July 2009
FateMerger with Groupe Caisse d'Épargne
SuccessorGroupe BPCE
Headquarters
Paris
,
France
Number of employees
34,500
Websitewww.banquepopulaire.fr

In 2006, Groupe Banque Populaire created Natixis with another French cooperative banking group, Groupe Caisse d'Epargne, to which they brought Banque Populaire's Natexis and Caisse d'Epargne's IXIS Corporate and Investment Bank.

In 2009, Banque Populaire and Caisse d'Epargne merged to form Groupe BPCE, although a bank network with the Banque Populaire name remained in operation.

Merger

In October 2008 the group announced plans, since approved by the French government, to merge with Groupe Caisse d'Epargne.[2] The companies merged in 2009 to form the Groupe BPCE[3] and retain their separate retail banking brands and branch networks. Banque Populaire's chief executive officer Philippe Dupont has been nominated to head the enlarged company.[2]

As of December 2008, Banque Populaire had:

  • 3,460,000 shareholders
  • 9,400,000 customers
  • 3,391 branches in France
  • a 70 countries presence

References
  1. "Restructuration et construction d'un ensemble immobilier à usage de bureaux 115/121, rue Montmartre - 75002 Paris". Braun+associés architectes. 2017.
  2. "French banks to merge in bid to weather storm". Agence France Presse. 8 October 2008. Archived from the original on 20 May 2011. Retrieved 2008-10-17.
  3. Jolly, David. Parent of French Bank Agrees to Guarantee Troubled Assets. New York Times. 26 August 2009.
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