Commercial Banks
Company Overview of Groupe BPCE
Company Overview
50 Avenue Pierre Mendes
Cedex 13
Paris, 75201
France
Founded in 1818
117,000 Employees
Key Executives for Groupe BPCE
Groupe BPCE Key Developments
Groupe BPCE reported consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported net banking income of EUR 5,671 million, income before tax of EUR 1,187 million, net income attributable to equity holders of the parent of EUR 668 million and ROE of 5.6%. For the six months period, the company reported net banking income of EUR 10,488 million, gross operating income of EUR 3,535 million, income before tax of EUR 2,709 million and net income attributable to equity holders of the parent of EUR 1,581 million.
Groupe BPCE is seeking to acquire Union Togolaise de Banque (UTB) at end of June, 2012. Togolese government is seeking to sell Union Togolaise de Banque along with three other state-owned interests. BPCE sent a large delegation including Josiane Lancelle, Head of Strategic Operations of BPCE and Alain Merlot, Director of BPCE International and overseas territories to Lome from June 3, 2012 to June 7, 2012 to finalize its proposal. The group will offer in the region of €25 million for UTB, sources reported.
Groupe BPCE reported consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company’s net banking income reached a total of EUR 5,450 million, down 5.8% compared with March 31, 2011. Gross operating income stands at EUR 1,497 million, down 21.6% compared with the first quarter of 2011. Net income attributable to equity holders of the parent stands at EUR 665 million against EUR 985 million in the first quarter of 2011. 2011. ROE was 5.6%. Income before tax was EUR 1,081 million.
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