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BPCE posts first quarter 2014 results

BPCE posts first quarter 2014 results

Obtains strong results thanks to commercial impetus

​BRUSSELS, 7 May 2014 – ​French ESBG Member BPCE obtains excellent results for the first quarter of 2014. 

BPCE Chairman François Pérol declared: "The Group's strong commercial impetus remained strong in the first quarter of the year buoyed up, in particular, by significant growth in customer loan outstandings and savings deposits recorded by the Banque Populaire and Caisse d’Epargne networks as well as by the dynamic performance of the businesses in Natixis Investment Solutions division which  together ​ illustrate, quarter after quarter, the contribution made by all the brands of Groupe BPCE to supporting the economy. 

"This dynamism is bolstered by a cost of risk that remains at a moderate level, and a reinforcement of our results and balance sheet with quarterly net income of 866 million euros, up 16.1 per cent compared with the same period last year, and enhanced capital adequacy with a Common Equity Tier 1 ratio under Basel 3 that now stands at 10.8 per cent". ​

Communication - institutional & commercial