Groupe BPCE Presents Its Strategic Plan for 2014 – 2017
OREANDA-NEWS. “TOGETHER”, 2010 – 2013, A plan devoted to the recovery and construction of the new Group: Groupe BPCE is now a major, cooperative financial services group, entirely dedicated to its customers in the area of banking and insurance
“GROWING DIFFERENTLY”, 2014 – 2017,
a plan for the further growth and transformation of the Group based on a single ambition: to satisfy the expectations and needs of our customers even more fully by reasserting the Group’s distinguishing cooperative identity
GOALS OF THE STRATEGIC PLAN
To achieve in 2017
Net banking income in excess of 23 billion euros
An additional one million principal active customers using local banking services
A cost/income ratio of less than 65%
Net income of 4 billion euros
A Common Equity Tier-1 capital adequacy ratio under Basel 3 in excess of 12% in 2017
An overall capital adequacy ratio of more than 15% in 2017 at the very latest
PTo realize this ambition and achieve these goals, Groupe BPCE has set itself four investment priorities and will be implementing three levers for action.
Four investment priorities
Banque Populaire banks and Caisses d’Epargne: create local banks commanding leading positions for offline and online relations
To finance its customers, establish the group as a major player in savings, and move away from a “loans-based” approach to an approach based on “financing”
become a fully-fledged bancassurance specialist
accelerate the pace of the group’s international expansion
Three levers for action
Collective efficiency
The individual talents of the men and women in the Group
The reassertion of Groupe BPCE’s essential difference as a cooperative banking Group working through the regional Banque Populaire banks, Credit Cooperatif, CASDEN-Banque Populaire and the Caisses d’Epargne
[1] Aged 25 or more
[2] Without phase-in, including for deferred tax assets on losses carried forward
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