| Type | Semi co-operative |
|---|---|
| Industry | Banking |
| Founded | 1878 |
| Headquarters | Paris, France |
| Key people | Philippe Dupont, CEO |
| Employees | 34,500 |
| Website | www.banquepopulaire.fr |
Groupe Banque Populaire is a French group of cooperative banks. It is controlled by 18 regional banks, the CASDEN Banque Populaire and the Crédit Coopératif.
In 2006, Groupe Banque Populaire created a new company with another French cooperative banking group, Groupe Caisse d'Epargne in order to create Natixis. The new Investment Bank is the result of the spin-off of the two Investment Banks of the two groups : Banque Populaire's Natexis and Caisse d'Epargne's IXIS Corporate and Investment Bank. Natixis is equally controlled by the two groups.
As of December 2008, Banque Populaire had:
In October 2008 the group announced plans, since approved by the French government, to merge with Groupe Caisse d'Epargne.[1] The companies merged in 2009 to form the Group BPCE[2] 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.[1]
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