Results for the 2nd quarter and first half of 2014 of the Groupe BPCE
Groupe BPCE: strong 1st half of 2014 with net income attributable to equity holders of the parent of €1.7 billion[1], up 10.4% compared with the same period in 2013
The Q2-13 and H1-13 results are presented pro forma to account for the transfer of BPCE Assurances to Natixis and the buyback (and subsequent cancellation) by the Banque Populaire banks and Caisses d’Epargne of the Cooperative Investment Certificates (CICs) held by Natixis.
[1] Excluding revaluation of BPCE’s own debt for the Group’s results
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Robust commercial performance by the core business lines
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The Q2-13 and H1-13 results are presented pro forma to account for the transfer of BPCE Assurances to Natixis and the buyback (and subsequent cancellation) by the Banque Populaire banks and Caisses d’Epargne of the Cooperative Investment Certificates (CICs) held by Natixis.
[1] Excluding revaluation of BPCE’s own debt for the Group’s results
[2] Excluding centralized savings products
[3] Estimate at June 30, 2014 – CRR/CRD 4, without transitional measures and after restating for deferred tax assets
[4] Including Tier-2 issues in July
[5] Estimate on June 30, 2014 based on Groupe BPCE’s interpretation of the draft regulation that is expected to incorporate in CRR most of the recommendations formulated by the Basel Committee in January 2014.
[6] According to Groupe BPCE’s interpretation of the most recently published Basel 3 standards
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About Groupe BPCE
Groupe BPCE is the second-largest banking group in France. Through its 100,000 staff, the group serves 35 million customers – individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two major networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine and Oney. It also pursues its activities worldwide with the asset & wealth management services provided by Natixis Investment Managers and the wholesale banking expertise of Natixis Corporate & Investment Banking. The Group's financial strength is recognized by four credit rating agencies with the following senior preferred LT ratings: Moody's (A1, stable outlook), Standard & Poor's (A, stable outlook), Fitch (AA-, negative outlook) and R&I (A+, stable outlook).
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