BPCE_REGISTRATION_DOCUMENT_2017

1 PRESENTATION OF GROUPE BPCE History

History 1.2

Banque Populaire banks

The first Banque Populairebank is createdin Angers, byand for entrepreneurs,the goal being to pool funds to allow them to financetheir 1878 projectsthemselves. Having achieved cooperative status, the Banque Populaire banks rapidly become major players in their regional economies, serving 1917 craftsmen, small retailers and SMEs. The Banque Populairebanks opentheir services to individual customers. 1962 The acquisition of Natexis providesGroupe Banque Populairewith a publiclylisted vehicle. 1998

Caisses d’Epargne

The first Caisse d’Epargne is founded in Paris to promote, collectand manage general public savings. 1818 The Caisses d’Epargne are recognized as “privateestablishments of public utility”. 1835 The Caisses d’Epargne conduct operations of general public interest. 1895 The Caisses d’Epargne are awarded thestatus of not-for-profit credit institutions. 1950

The Caisses d’Epargne become cooperativebanks, promptingGroupe Caisse d’Epargne to embark upon a multi-brandstrategy with the 1999 creation and acquisition of businesses, including the takeover of Crédit Foncier in the same year, which enables the Group to further develop its real estate activities. By purchasing Ixis,the Groupbranchesout intoinvestment banking. 2004 In 2006, Groupe Banque Populaire and Groupe Caisse d’Epargne took the first step towards a business combination,with the creation of their jointly-owned subsidiary, Natixis.

Groupe BPCE

On July 31, 2009,the combination of Groupe Banque Populaire and Groupe Caissed’Epargne gives rise to Groupe BPCE. 2009 “Together”, Groupe BPCE’s strategic plan for 2010-2013, mobilizes all Group companies with the aim of making them the preferred 2010 banking institutionsof the Frenchpeople and of theircompanies. Simplificationof the Group’sorganizationalstructurecompletedon August 6, 2013 with the buybackand subsequentcancellationby the 2013 Banque Populaire banks and Caisses d’Epargne of the cooperative investment certificates (CICs) held by Natixis. The Banque Populaire banks and theCaissesd’Epargne are nowentirelyowned by their cooperative shareholders. Launch of the “Anotherway to grow” strategicplan for 2014-2017,focusedon developmentand transformation,centeredon the goal of constantly striving to better meet the expectationsand needs of customers, while affirming Groupe BPCE’s difference as a cooperative banking structure. On November 4, 2014, GroupeBPCE and CNP Assurancessign a memorandumof understandinglaying down the terms of implementation 2014 The new agreementswere requiredowing to the expiry of existingdistributionagreementsbetweenCNP Assurancesand GroupeBPCE on December 31, 2015, and Groupe BPCE’s decision to assign to Natixis Assurancesthe design and managementof all savings and pension funds distributed by the Caisse d’Epargne network as of January 1, 2016. Three regional bank mergers are completedor initiated: 2016 on November 22, 2016, Banque Populaire Côte d’Azur, Banque Populaire Provençaleet Corse and Banque Chaix merge, giving rise to ● Banque PopulaireMéditerranée; on December 7, 2016, Banque PopulaireAuvergneRhône Alpes is establishedfrom the merger of Banque Populairedes Alpes, Banque ● PopulaireLoire et Lyonnaisand Banque Populairedu Massif Central; Caisse d’Epargne Picardie and Caisse d’Epargne Nord France Europe initiate a merger in February 2016, with the aim of establishing ● Caisse d’Epargne Hauts de France by April 2017. In November 2017, Groupe BPCE announcesthe launch of the “TEC 2020” strategicplan for the 2018-2020period. TEC 2020 focuses on 2017 a combination of digital transformationin order to seize opportunities created by the ongoing technological revolution, engagement toward the Group’s customers, employees and cooperative shareholders, and growth inall its corebusinesses. of the renewed partnership as from January 1, 2016. The Annual General Shareholders’ Meeting of May 2015 provided forin this agreement(“the New PartnershipAgreements”)betweenGroupe BPCE and CNP. 22, 2015 approves the Framework Protocol Agreement and the specific contracts

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Registration document 2017