Groupe Caisse d'Epargne
From Wikipedia, the free encyclopedia
| Groupe Caisse d'Epargne | |
|---|---|
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| Type | Semi co-operative |
| Founded | 1818 |
| Headquarters | Paris, France |
| Key people | Charles Milhaud, Chairman Nicolas Merindol, CEO |
| Industry | Financial services |
| Products | Banking and insurance |
| Employees | 52,000 |
| Website | www.groupe.caisse-epargne.com |
Groupe Caisse d'Epargne is a French banking group, founded in 1818, with around 4700 branches in the country.
The group's most notable brand is the Caisse d'Epargne network of mutual savings banks. Along with La Banque Postale and Crédit Mutuel, the bank shares the rights to offer the popular Livret A savings accounts, backed by the French government.
In addition, the group is also the owner of the mortgage bank Crédit Foncier, the corporate and private bank Banque Palatine and Financière Océor, a commercial, private asset management and specialist finance bank serving France's overseas departments.
In 2006, Groupe Caisse d'Epargne merged its investment bank IXIS Corporate and Investment Bank with Groupe Banque Populaire's Natexis, creating Natixis, a publicly-traded investment bank in which Caisse d'Epargne and Groupe Banque Populaire hold an equal stake. Groupe Caisse d'Epargne has also since merged its private wealth management bank La Compagnie 1818 into the Natixis group.
