The bank provides service to over 10.8 million active private customers, as well as more than 400,000 customers businesses, professionals, social economy actors and local public sector bodies.[4][5] The company is considered to be one of the leading lenders to local authorities, maintaining an expansive branch network in France consisting of over 17,000 contact points and 7,700 post offices.[6] It is the only bank in France charged with the responsibility to implement banking services to the public under a legislative initiative to modernize the French economy in 2008.[7] La Banque postale reports a net income of €5.602 billion, -2.5% relative to 2015.[8]
Historyedit
Former seat of the Caisse Nationale d'Epargne (rue Saint-Romain, Paris), a predecessor to La Banque Postale
In 1882 the French state established the Caisse Nationale d'Épargne (CNE) to manage retail savings collected through the French network of post offices. The CNE thus competed for the collection of small retail savings with the local Caisses d'Épargne (also known in that context as Caisses d'épargne ordinaires) which were private-sector entities.[9]: 28
In 2012, the company set out to be a benchmark partner for the public sector, focusing on working with all regional stakeholders. By 2015, La Banque postale's commitments had been realized, now being recognized as the reference bank for local authorities concerning financing and banking services, as well for stakeholders dealing with social housing, local institutions, public health-care establishments and semi-public corporations.[10]
Controversyedit
In 2010 the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven banks, including La Banque postale, the sum of €384.9 million for colluding to charge unjustified fees on check processing, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.[11][12]
Climate policyedit
In October 2021, the bank announced that it would no longer provide financial services to oil and gas companies, invest in companies active in the sector and finance any related projects.[13] It additionally presented a plan to completely exit the oil and gas industries by 2030, becoming the first bank to make such a pledge. The policy has been described as an "historic precedent" in the banking sector by environmental organisations such as Reclaim Finance, Friends of the Earth France and Oxfam France.[14][15]
Referencesedit
^ abcdef"2022 Annual Results" (PDF). labanquepostal.com. Retrieved 28 February 2023.
^"The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
^"List of supervised entities" (PDF). European Central Bank. 1 January 2023.
^"CIVIC-MINDED BANK". La Banque Postale. Retrieved 2020-10-18.
^"CIVIC-MINDED BANK". La Banque Postale. Retrieved 2020-10-16.
^"Philippe Heim has been appointed Chairman of the Board of Directors of La Banque Postale" (PDF). le-groupe-laposte.cdn.prismic.io/.
^"CIVIC-MINDED BANK". La Banque Postale. Retrieved 2020-10-19.
^Patrice Baubeau, Eric Monnet, Angelo Riva, and Stefano Ungaro (2018), Flight-to-safety and the Credit Crunch: A new history of the banking crisis in France during the Great Depression(PDF), Banque de France{{citation}}: CS1 maint: multiple names: authors list (link)
^"CIVIC-MINDED BANK". La Banque Postale. Retrieved 2020-10-18.
^. online.wsj.com. Archived from the original on 2010-09-24.
banque, postale, french, postal, bank, created, january, 2006, subsidiary, poste, national, postal, service, company, typesociété, anonymeindustrypostal, bankingfounded9, december, 1998, 1998, poste, financial, services, january, 2006, 2006, headquartersparis,. La Banque postale is a French postal bank created on 1 January 2006 as a subsidiary of La Poste the national postal service La Banque postaleCompany typeSociete anonymeIndustryPostal bankingFounded9 December 1998 1998 12 09 as La Poste Financial Services 1 January 2006 2006 01 01 as La Banque postaleHeadquartersParis 115 rue de Sevres FranceKey peoplePhilippe Heim fr Chairman of the Management BoardRevenue 9 5 billion 2022 1 Operating income 3 billion 2022 1 Net income 1 9 billion 2022 1 Total assets 746 billion 2022 1 Total equity 17 6 billion 2022 1 OwnerLa PosteNumber of employees32 500 2022 1 ParentLa PosteWebsitewww wbr labanquepostale wbr comIt has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014 and as a consequence is directly supervised by the European Central Bank 2 3 Contents 1 Overview 2 History 3 Controversy 4 Climate policy 5 References 6 External linksOverview editThe bank provides service to over 10 8 million active private customers as well as more than 400 000 customers businesses professionals social economy actors and local public sector bodies 4 5 The company is considered to be one of the leading lenders to local authorities maintaining an expansive branch network in France consisting of over 17 000 contact points and 7 700 post offices 6 It is the only bank in France charged with the responsibility to implement banking services to the public under a legislative initiative to modernize the French economy in 2008 7 La Banque postale reports a net income of 5 602 billion 2 5 relative to 2015 8 History edit nbsp Former seat of the Caisse Nationale d Epargne rue Saint Romain Paris a predecessor to La Banque PostaleIn 1882 the French state established the Caisse Nationale d Epargne CNE to manage retail savings collected through the French network of post offices The CNE thus competed for the collection of small retail savings with the local Caisses d Epargne also known in that context as Caisses d epargne ordinaires which were private sector entities 9 28 In 2012 the company set out to be a benchmark partner for the public sector focusing on working with all regional stakeholders By 2015 La Banque postale s commitments had been realized now being recognized as the reference bank for local authorities concerning financing and banking services as well for stakeholders dealing with social housing local institutions public health care establishments and semi public corporations 10 Controversy editIn 2010 the French government s Autorite de la concurrence the department in charge of regulating competition fined eleven banks including La Banque postale the sum of 384 9 million for colluding to charge unjustified fees on check processing especially for extra fees charged during the transition from paper check transfer to Exchanges Check Image electronic transfer 11 12 Climate policy editIn October 2021 the bank announced that it would no longer provide financial services to oil and gas companies invest in companies active in the sector and finance any related projects 13 It additionally presented a plan to completely exit the oil and gas industries by 2030 becoming the first bank to make such a pledge The policy has been described as an historic precedent in the banking sector by environmental organisations such as Reclaim Finance Friends of the Earth France and Oxfam France 14 15 References edit a b c d e f 2022 Annual Results PDF labanquepostal com Retrieved 28 February 2023 The list of significant supervised entities and the list of less significant institutions PDF European Central Bank 4 September 2014 List of supervised entities PDF European Central Bank 1 January 2023 CIVIC MINDED BANK La Banque Postale Retrieved 2020 10 18 CIVIC MINDED BANK La Banque Postale Retrieved 2020 10 16 Philippe Heim has been appointed Chairman of the Board of Directors of La Banque Postale PDF le groupe laposte cdn prismic io About us linkedin com Retrieved 2020 10 18 CIVIC MINDED BANK La Banque Postale Retrieved 2020 10 19 Patrice Baubeau Eric Monnet Angelo Riva and Stefano Ungaro 2018 Flight to safety and the Credit Crunch A new history of the banking crisis in France during the Great Depression PDF Banque de France a href Template Citation html title Template Citation citation a CS1 maint multiple names authors list link CIVIC MINDED BANK La Banque Postale Retrieved 2020 10 18 3rd UPDATE French Watchdog Fines 11 Banks For Fee Cartel WSJ com online wsj com Archived from the original on 2010 09 24 Autorite de la concurrence Rajbhandari Alexandre La Banque Postale Unveils Plan to Exit Oil and Gas by 2030 BloombergQuint Retrieved 2022 03 28 Oil Gas Policy Tracker Oil Gas Policy Tracker Retrieved 2022 03 28 French lender Banque Postale commits to exit oil and gas by 2030 Reuters 2021 10 14 Retrieved 2022 03 28 External links edit nbsp Wikimedia Commons has media related to La Banque Postale Official website nbsp nbsp Banks portal nbsp This French bank or insurance related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title La Banque postale amp oldid 1206241831, wikipedia, wiki, book, books, library,
