| Type | Privately held company |
|---|---|
| Industry | Banking |
| Predecessor | La Poste Financial Services |
| Founded | January 1, 2006 |
| Headquarters | Paris, 115 rue de Sèvres , France |
Key people |
|
| € 5.602 billion | |
Number of employees | 10,000+ employees |
| Parent | La Poste |
| Website | https://www.labanquepostale.com/ |
La Banque postale is a French bank, created on 1 January 2006 as a subsidiary of La Poste, the national postal service.
Overview
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.[1][2] 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.[3] 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.[4] La Banque postale reports a net income of € 5.602 billion, -2.5% relative to 2015.[5]
History
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.[6]
Controversy
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.[7][8]
References
- ^ "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). https://le-groupe-laposte.cdn.prismic.io/.
- ^ "About us". linkedin.com. Retrieved 2020-10-18.
- ^ "CIVIC-MINDED BANK". La Banque Postale. Retrieved 2020-10-19.
- ^ "CIVIC-MINDED BANK". La Banque Postale. Retrieved 2020-10-18.
- ^ https://online.wsj.com/article/BT-CO-20100920-709855.html
- ^ "Autorité de la concurrence".
External links
