BPCE_REGISTRATION_DOCUMENT_2017
1 PRESENTATION OF GROUPE BPCE Organization of Groupe BPCE
securitization transactions or issue financial instruments, and performing any financial transaction necessary for liquidity managementpurposes, taking all measures necessary to guarantee the solvency of the - Group and each of its networks, including implementing the appropriateGroup internal financingmechanismsand setting up a Mutual Guarantee Fund shared by both networks, for which it determines the rules of operation, the terms and conditions of use in additionto the funds providedfor in Articles L. 512-12and L. 512-86-1,as well as the contributionsof affiliatesfor its initial allocation and reconstitution, defining the principlesand conditionsfor organizingthe internal - control system of Groupe BPCE and each of its networks,as well as controlling the organization,managementand quality of the financial position of affiliated institutions, including through on-site checks within the scope defined in paragraph 4 of Article L. 511-31, defining risk management policies and principles and the limits - thereof for the Group and each of its networks, and ensuring permanent risk supervision on a consolidatedbasis, approving the Articles of Association of affiliated entities and - local savingscompaniesand any changes thereto, approving the persons called upon, in accordance with - Article L. 511-13, to determinethe effective business orientation of its affiliatedentities, requesting the contributionsrequired to perform its duties as a - central institution, ensuring that the Caisses d’Epargne duly fulfill the duties - provided forin Article L. 512-85; to be a credit institution, officially approved to operate as a ● bank. On this basis, it exercises,both in France and other countries, the prerogatives granted to banks by the French Monetary and Financial Code, and provides the investment services described in Articles L. 321-1 and L. 321-2 of said code; it also oversees the central banking, financial and technical organization of the network and the Groupas a whole; to act as an insurance intermediary, and particularly as an ● insurance broker, inaccordance with the regulations in force; to act as an intermediary for real estate transactions, in ● accordance withthe regulations inforce; to acquire stakes, both in France and abroa d, in any French or ● foreign companies,groups or associationswith similar purposes to those listed above or with a view to the Group’s expansion, and more generally, to undertake any transactions relating directly or
indirectly to these purposes that are liable to facilitate the achievement of the company’s purposes or its expansion.
DIVIDEND POLICY
In 2017 The Ordinary General Shareholders’Meeting of BPCE, which met on May 19, 2017, resolved that a dividend of € 383,499,888.77would be paid out in respect of fiscal year 2016 to category A and B shareholders, equal to € 12.312 pershare. At its meeting of December 21, 2017,the Management Boardof BPCE resolved to pay an interim dividend totaling € 201,502,528.46 in respect of fiscal year 2017 to the 31,148,464categoryA and B shares comprisingBPCE’s share capital, amountingto € 6.4691 per share. The Supervisory Board had approved this payment in principle at its meeting of December 21, 2017. The classificationof category A and B shares is defined in point 7.2.2 of the registration document. In 2016 The Ordinary General Shareholders’Meeting of BPCE, which met on May 27, 2016, resolved that a dividend of € 349,996,600.88would be paid out in respect of fiscal year 2015 to category A and B shareholders, equal to € 11.2364 per share. At its meeting of December 19, 2016,the Management Boardof BPCE resolved to pay an interim dividend totaling € 174,998,300.44 in respect of fiscal year 2016 to the 31,148,464categoryA and B shares comprisingBPCE’s share capital, amountingto € 5.6182 per share. The Supervisory Board had approved this payment in principle at its meeting of December 14, 2016. In 2015 The Ordinary General Shareholders’Meeting of BPCE, which met on May 22, 2015, resolved that a dividend of € 174,998,300.44would be paid out in respect of fiscal year 2014 to category A and B shareholders, equal to € 5.6182 pershare. At its meeting of December 21, 2015,the Management Boardof BPCE resolved to pay an interim dividend totaling € 174,998,300.44 in respect of fiscal year 2015 to the 31,148,464categoryA and B shares comprisingBPCE’s share capital, amountingto € 5.6182 per share. The Supervisory Board had approved this payment in principle at its meeting of December 16, 2015.
8
Registration document 2017
Made with FlippingBook - professional solution for displaying marketing and sales documents online