BPCE - 2020 Universal Registration Document
UNDERSTANDING THE GROUP’S ORGANIZATION PRESENTATION OF GROUPE BPCE
1 TWO BPCE SA COOPERATIVE SHAREHOLDER NETWORKS
2 BPCE SA: THE CENTRAL INSTITUTION DEDICATED
3 SPECIALIZED SUBSIDIARIES
TO ACHIEVING THE GROUP’S AMBITIONS
BPCE SA is responsible for the strategy, coordination and organization of the Group as well as each of the networks. The main duties of the central institution, as defined by the French act of June 18, 2009, are: • coordinating business policies; • representing the Group and its networks, and negotiating national/ international agreements on their behalf; • representing the Group and its networks as an employer; • taking all necessary measures to ensure the Group’s liquidity and solvency, risk management and internal control. All credit institutions affiliated with the central institution are covered by a guarantee and solidarity mechanism. The scope of affiliated entities is mainly comprised of the Banque Populaire and the Caisse d’Epargne networks, and Natixis.
Natixis boasts several areas of expertise, which are organized into four main business divisions: Asset & Wealth Management, Corporate & Investment Banking, Insurance and Payments. It serves its own customer base of corporates, financial institutions and institutional investors, as well as the individual, professional and SME customers of both Groupe BPCE networks and its subsidiaries. As a bank for corporate and wealth management customers, Banque Palatine helps its customers achieve their personal and professional goals alike. Oney , a 50.1%-owned subsidiary of Groupe BPCE since October 2019, is a French bank with an international presence that supports the daily lives of its customers by offering in-store and online shopping experiences.
Under the cooperative banking model, cooperative shareholding customers are the focal point of the Group’s governance. The Banques Populaires and Caisses d’Epargne are credit institutions wholly-owned by their cooperative shareholders (via LSCs – Local Savings Companies – for the Caisses d’Epargne). Cooperative shareholding customers – both individuals and legal entities – play an active part in the life, ambitions and development of their bank. Being a cooperative shareholder means owning a cooperative share (a percentage of the share capital not quoted on the stock exchange), representing a portion of the share capital in a Banque Populaire or an LSC for a Caisse d’Epargne, and playing a role in the bank’s operation by taking part in Annual General Shareholders’ Meetings and voting to approve the financial statements and resolutions, validating management decisions and electing Directors. Each institution is governed by a Board of Directors and a Chief Executive Officer for the Banques Populaires, or a Steering and Supervisory Board and a Management Board for the Caisses d’Epargne.
SEE CHAPTER 7 “LEGAL INFORMATION”
SEE CHAPTER 3 “CORPORATE GOVERNANCE”
UNIVERSAL REGISTRATION DOCUMENT 2020 | GROUPE BPCE
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