La Banque postale
La Banque postale is a French postal bank, created on 1 January 2006 as a subsidiary of La Poste, the national postal service.
It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.
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. 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. 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. La Banque postale reports a net income of €5.602 billion, -2.5% relative to 2015.History
In 1882 the French state established the Caisse Nationale d'Épargne to manage retail savings collected through the French network of post offices. The CNE thus competed for the collection of small retail savings with the local Caisses d'Épargne which were private-sector entities.The Law of January 7, 1918, introduced postal current accounts and checks in France.
In 1988, Sogéposte, the financial subsidiary of La Poste and the Caisse des Dépôts et Consignations, was established.
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.