Overview 2005 - Banque Populaire Group

Transcription

Cooperation
and enterprise
BANQUE POPULAIRE GROUP
Overview
March 2005
Robust financial and social
B
anque Populaire Group is one of France’s largest retail
banking networks with 6,600,000 clients and almost
2,700 branches. It now has some first-class positions in
all its client groups – personal, small business, corporate
and institutional clients – as a result of rapid business
development achieved through steady organic growth and
targeted acquisitions. As a cooperative organization built
on strong shared values, the Group strives for a harmonious
balance between robust financial performance and
concern for the collective interest.
Results up sharply across all parts of
PROFILE
22 Banque Populaire Banks
+ 8%
7,066
+ 15%
é7,640
é1,174
1,022
5,748
94 mutual guarantee companies
650
2,770,000 member-stakeholders
6,600,000 clients
44,509 employees
2002
2003
2004
EARNINGS CAPACITY
IN EUR MILLIONS
+ 10%
é
13.6
2002
Groupe Banque Populaire – Overview March 2005
2003
IN EUR MILLIONS
116 international offices
2
2002
NET BANKING INCOME
2,692 branches in France
(Natexis Banques Populaires
and Coface)
2004
15.7
2003
17.2
8.2%
2004
2002
8.9%
9.1%
2003
2004
TOTAL REGULATORY CAPITAL
TIER ONE RATIO
IN EUR BILLIONS
at December 31
at December 31
performance in 2004
Dedicated to serving the
collective interest
Banque Populaire Group at a glance:
n
n
n
3,000 people hired in 2004 and 6,000 new jobs
created in five years
leading banker to business start-ups and main
investor in SMEs
provider of the broadest range of export support
solutions available to the business community
These positions, in areas of universal importance,
are a tangible illustration of the Group’s ongoing
commitment to economic and social development
at both national and regional level.
Its many sustainable development
initiatives reflect the continuing and active nature
of the cooperative values that underpin the
Group’s actions on a daily basis.
STRONG
POSITIONS
One SME in three and 80% of large
companies are clients of the Group
No. 1 in business start-up loans
No. 1 provider of private equity capital
the Group
for SMEs
+ 6%
+ 8%
é
83.1
89.5
94.8
90.1
é97.4
No. 1 in employee savings
No. 1 lender to the franchise sector
77.1
No. 1 distributor of micro-loans
No. 1 in solidarity-based savings
No. 1 in business information
2002
2003
2004
2002
2003
2004
CUSTOMER DEPOSITS
CUSTOMER SAVINGS
IN EUR BILLIONS
at December 31
IN EUR BILLIONS
at December 31
No. 1 in payments made through the French
interbank teleclearing system (SIT)
No. 1 in acquisition financing
(on number of LBOs)
+ 9%
+ 7%
é
101.8
113.0
121.3
364
é398
No. 3 in credit insurance worldwide
No. 3 in factoring
317
No. 4 lender to large and medium-sized
companies
No. 4 arranger of securitizations
No. 4
2002
2003
2004
2002
2003
distributor of mutual funds
2004
OUTSTANDING LOANS
ASSETS IN CUSTODY
IN EUR BILLIONS
at December 31
IN EUR BILLIONS
at December 31
3
Corporate governance choices
Message from Philippe Dupont
Chairman of Banque Populaire Group
“
We can all be rightly proud of our financial
performance. It shows that our business model reflects
our strong underlying values and meets the needs of the
people we serve. But in today’s fast-moving world, we must
also remain flexible and ready to embrace change
if we want to keep our position as benchmark financial
partner to our clients.
”
Banque Populaire Group,
a three-dimensional organization
The 20 Banque Populaire regional banks,
CASDEN Banque Populaire and Crédit Coopératif
The Banque Populaire banks are cooperative organizations.
They are the Group’s parent companies and shareholders of
Banque Fédérale des Banques Populaires. They are autonomous,
fully-fledged banks providing their customers with a local service
and a full range of banking and insurance products and services.
é COOPERATIVE DIMENSION
Banque Fédérale des Banques Populaires
As the Banque Populaire Group’s central body and the holding
company of Natexis Banques Populaires, Banque Fédérale
des Banques Populaires is responsible for overseeing,
coordinating and leading all Group activities.
é FEDERAL DIMENSION
Natexis Banques Populaires
Listed on the Paris Eurolist, Natexis Banques Populaires is the
Group’s financing, investment banking and services bank. The 2002
acquisition of Coface has expanded the bank's service offering for
corporate clients, as well as extending its international reach.
é LISTED-COMPANY DIMENSION
4
“We achieved further growth in our results in 2004. Net
banking income rose by 8% to €7.6 billion and gross
operating income by 12% to €2.5 billion. Earnings
capacity, the true measure of our after-tax profitability,
reached a record €1.2 billion, an increase of 15%.
Three factors underpin this success: the strong
motivation and commitment of everyone in the Group,
our balanced business mix and our continued focus on a
strategy that reflects our fundamental values.
We should all see this performance as an encouragement;
encouragement to push on with the major structural
projects we have been pursuing for the past few years.
Encouragement to step up the commercial momentum
that drives us forward. Our key strengths lie in the local,
personalized service we offer our clients, our global
approach to understanding a client’s needs, and our rich
and innovative product offering.We will continue to foster
our customer-oriented culture on a daily basis, which is
what in large measure sets us apart.We will continue to
pursue our profitable growth policy in 2005, driven first
and foremost by strong organic growth momentum in
France, coupled with targeted acquisitions should the
opportunity arise. New challenges and milestones
therefore lie ahead.With the confidence of our memberstakeholders, our robust results and financial structure,
and the motivation of all our people,we have the strengths
to achieve them.”
Corporate governance
reflect the Group’s values
Board of Directors of Banque Fédérale des Banques Populaires
The Banque Populaire Group’s decisionmaking and representative body
The Board of Directors of Banque Fédérale des Banques
Populaires, a joint stock company (société anonyme) governed by
company law since May 31, 2001, is made up entirely of
representatives of the Group, including nine Chairmen and six
Chief Executive Officers of Banque Populaire banks.
The Group’s main corporate governance
structure
The Board determines the strategy of the Banque Populaire
Group as a whole, as well as for its component parts, and
oversees its implementation. As such, the Board is responsible
for strategic decisions concerning business development,
profitability, asset protection, organizational issues, information
systems and other matters. In keeping with the Group’s
cooperative values and federal organization structure, Board
members are elected by their peers for a three-year term. Onethird of Directors retire by rotation each year.
Directors play an important role
in Group life
Directors devote one third of their time to Board matters,
attending meetings of the Banque Fédérale des Banques
Populaires Board, the Boards of subsidiaries, the Audit and
Group Risks Committee, the Accounts Committee and the
Remunerations Committee.
Board of Directors at January 1, 2005
n
Chairman and Chief Executive Officer
n
n
Vice-Chairmen
René Clavaud,Chairman of Banque Populaire Centre Atlantique
Claude Cordel,Chairman of Banque Populaire du Midi
Richard Nalpas,Chief Executive Officer of Banque Populaire
Toulouse-Pyrénées
n
Board Secretary
Francis Thibaud,Chief Executive Officer of Banque Populaire du
Sud-Ouest
n
n
Non-voting Directors
François Ladam,Chief Executive Officer of Natexis Banques
Populaires
Jean-Claude Detilleux,Chairman and Chief Executive Officer
of Crédit Coopératif
Directors
Christian Brevard,Deputy Vice Chairman of Banque Populaire
d’Alsace
Michel Castagné,Deputy Vice Chairman of Banque Populaire
Occitane
Jean Clochet,Chairman of Banque Populaire des Alpes
Jean-François Comas,Comas, Chief Executive Officer of Banque
Populaire Côte d’Azur
Pierre Desvergnes,Chairman of CASDEN Banque Populaire
Daniel Duquesne,Chief Executive Officer of Banque Populaire
Loire et Lyonnais
Stève Gentili,Chairman of BRED Banque Populaire
Directors (cont.)
Yvan de La Porte du Theil,Chief Executive Officer of Banque
Populaire Val de France
François Moutte, Chief Executive Officer of Banque Populaire
des Pyrénées-Orientales, de l’Aude et de l’Ariège and
of Banque Populaire du Midi
Pierre Noblet,Vice-Chairman of Banque Populaire
Rives de Paris
Jean-Louis Tourret,Chairman of Banque Populaire
Provençale et Corse
Philippe Dupont,Chairman of the Banque Populaire Group
n
Members in a consultative capacity
Michel Goudard,Deputy Chief Executive Officer
of Banque Fédérale des Banques Populaires
Bruno Mettling,Deputy Chief Operating Officer
of Banque Fédérale des Banques Populaires
n
Attend Board meetings
Olivier Haertig,Corporate Secretary
Patrick Delaval,Work Council representative
Pierre Ribuot,Work Council representative
Bernard Jeannin was co-opted as Director to replace François Moutte at the Banque Fédérale des Banques Populaires Board meeting held on January 19, 2005. His cooptation will be proposed for ratification at
the annual general meeting held to approve the 2004 financial statements.
5
Cooperation and enterprise
The Banque Populaire Group’s regional, national
and international growth and development is rooted
in a strong corporate identity underpinned by
two key principles: cooperation, embodied in the
Group’s member-stakeholders, and enterprise.
The Group’s history at a glance
March 13, 1917
The Banque Populaire banks, are founded as cooperative societies
entirely owned by their member-stakeholders.
June 20, 1921
Caisse Centrale des Banques Populaires is created to provide
the banks with a central organization.
May 23, 1929
A second central body is established, the Chambre Syndicale
des Banques Populaires.
More recent milestones...
June 2, 1998
The Banque Populaire Group makes a friendly takeover bid for Natexis
S.A., following which Caisse Centrale des Banques Populaires holds
53.2% of Natexis S.A.
July 27, 1999
Natexis S.A. becomes Natexis Banques Populaires.
December 23, 1999
Caisse Centrale des Banques Populaires becomes
Banque Fédérale des Banques Populaires.
May 31, 2001
Banque Fédérale des Banques Populaires is converted into
a joint-stock company (société anonyme) and the Chambre Syndicale des
Banques Populaires is wound up.
August 2, 2002
Natexis Banques Populaires acquires a majority interest in Coface.
January 30, 2003
Crédit Coopératif adopts the status of ‘société anonyme
coopérative de banque populaire’.
August 1, 2003
Banque Fédérale des Banques Populaires takes over from Caisse
Centrale du Crédit Coopératif as the central body of the Crédit
Maritime Mutuel banks.
6
In today’s world of European enlargement and globalization,
the Banque Populaire Group’s cooperative status is a
valuable strategic asset and a true competitive advantage.The
Group is built on respect for the personal life plan,
preferences and choices of its clients and partners, all of
whom have their own distinct requirements and objectives.
In this way, it has fostered solid partnerships with its
2,770,000 member-stakeholders, who are both owners and
clients of their bank.
The Banque Populaire Group puts this cooperative spirit
into practice on a daily basis. It encourages entrepreneurs,
people who do, people who create, people who act. It
supports them enthusiastically and energetically throughout
their projects.
Through the network of Banque Populaire banks, all
founded by regional entrepreneurs fully committed to
their economic and social environment,the Group develops
a lasting and mutually profitable relationship with its clients
and member-stakeholders in a climate of strong trust and
confidence.
With its highly professional workforce, supported by
continuous training, and the breadth and depth of its banking,
financial and insurance offering, the Group is able to meet the
needs and expectations of a broad-based clientele of
personal customers, tradespeople, independent retailers,
farmers, business owners, banks and financial institutions. It
supports and accompanies its clients over the long-term,
both in France and – through Natexis Banques Populaires
and Coface – a network of 116 international offices.
Group organization structure
Simplified financial organization chart(1) as of January 1, 2005
2,770,000 member-stakeholders
100%
t
SBE
Bank
99,8%
BICEC
Bank in Cameroon
52,5%
informatiqueBanque Populaire (i-BP)
Group IT platform
20 Banque Populaires regional banks,
Crédit Coopératif, CASDEN Banque Populaire
99.3%
Crédit
Maritime Mutuel
t
100%
Affiliate
75.6%(2)
t
CORPORATE AND INSTITUTIONAL
BANKING AND MARKETS
100%
Natexis Lease
PRIVATE EQUITY AND
WEALTH MANAGEMENT
100%
Lease financing
100%
100%
Asset Management and Insurance
100%
87.8%
Natexis Bleichroeder Inc.
Investment company
(New York)
Natexis
Private Banking
Luxembourg S.A.
100%
100%
Banque Privée
Saint Dominique
Wealth management
in France
Natexis Assurances
100%
Life, personal risk and non-life
insurance
International wealth
management
100%
100%
Natexis
Asset Management
100%
Natexis Interépargne
100%
94%
Natexis Paiements
100%
100%
Banking software
IT facilities management
Banking software
Coface Ort
Business information
Slib
Samic
OKV Coface
Credit insurance
Credit management
(Austria)
Electronic banking
75.6%
Viscontea Coface
Credit insurance
Guarantees
Credit management
(Italy)
Banking, Financial
and Technology Services
100%
AK Coface
Credit insurance
Credit management
(Germany)
Employee savings
Accounts keeping and
marketing
100%
Coface Scrl
Business information
Debt collection
Fund management
International
network(3)
(1) This organization chart only shows subsidiaries with over 100 full-time equivalent
employees (FTEs) as of December 31, 2004.
(2) Including 2.2% held by the Alizé Levier corporate mutual fund.
(3) See map of international network on page 23.
Coface S.A.
Credit insurance
Credit management
Private Equity
Natexis Bleichroeder S.A.
Investment company (Paris)
Natexis
Private Equity
RECEIVABLES
MANAGEMENT
SERVICES
Coface North America
Credit insurance
Credit management
99.7%
Natexis Factorem
Factoring
Credit insurance
7
Expertise serving the Group’s
Created at the outset by and for entrepreneurs, the Banque Populaire Group now provides both general and specialist banking services to meet the needs of each market
in which it operates.To do this, it pulls together the specialized skills of its various component parts and covers the
whole of France with an extensive branch network.
This combined expertise makes the Group a leading player
in areas as diverse as personal pension savings, credit insurance and factoring for corporate clients,employee savings,
electronic payments, financing for the franchise sector and
loans for small business startups and purchases.
The Banque Populaire Group has built up leading
positions in a number of areas by providing its clients
with a local personalized service, drawing on its
extensive branch network and ability to stay attuned
to market needs.
Strong growth in personal
banking clients
5.9 million clients
9% penetration rate
45.9 billion in
A leading position in
small business banking
No.1 on customer
(1)
satisfaction
26% market share in
business bank cards
outstanding customer
loans
I
n a stable market, where
increasingly few personal
clients now have more than one
bank, the Banque Populaire
Group continues to attract new
custom and retain the loyalty of
its existing clients.According to
a Sofres survey published in
March 2004, the Group ranks
second among French banks on
the number of accounts opened
in relation to the number
closed, with a ratio of 2.5.The
personal client base expanded
significantly in 2004 to reach
5.9 million,pushing the Group’s
penetration rate up to 9%.
The average age of the personal
client base is also falling year
by year.The under-25s accounted
for 20% of the total at end-2004.
Furthermore, the Group has
seen rapid growth in its online
banking services, even while
extending its geographical
coverage by opening more
8
(1) Source: Ipsos 2004
branches in France. At end-2004,
816,000 personal clients used
the Group’s online services
eleven times a month on
average and more than 25% of
clients are now subscribers.
The Group’s market share is
increasing steadily in both savings
and financing,where it has some
flagship products such as the
Aurore credit card, which now
has about 180,000 holders.
T
he Banque Populaire Group
is present across all segments
of the small business market,
including farmers, fishermen,
retailers,tradespeople,the professions and business start-ups.
It has a leading position in most
of these areas in terms of overall
satisfaction and performance.In
the ‘CSA Pépites 2003-2004’
survey, the Group obtained top
marks for customer satisfaction
with its services.
In 2004, a survey conducted
jointly with the Fédération Française de la Franchise (French
Franchise Federation) confirmed
the Group’s leadership in this
important segment of the retail
industry. Its market share came
to 26% among franchisees and
35% among franchisers.Similarly,
the Group’s position in business
start-ups and purchases has
strengthened each year.In 2004,
its share of business start-up
loans rose from 28% to 32%.
The Banque Populaire Group
is also a frontrunner in electronic
payments, with 218,000 cards
issued representing 26% of the
market, and 182,000 card
contracts with small retailers
and large retail chains.
The Group is a front-rank player
in factoring for very small
businesses, with 15% growth in
the number of contracts in 2004.
Group business review
clients
€7,640 € 1,174
net banking income
earnings capacity
A first-class player in
the corporate market
9.1 %
Tier One ratio
A comprehensive offering
for institutional clients
34% penetration rate
+ 20%
No.1 in solidaritybased savings
growth in new
financing
n France, 34% of companies
with 10 to 1,000 employees
bank with the Banque Populaire
Group. It ranks number two in
lending to companies with sales
of less than €15 million, and is
banker to one SME in every
three and substantially all the
major French groups.
The Banque Populaire Group is
number one in employee savings
and a major player in private
equity. It owes its position as
fourth largest lender to large
and medium-sized companies in
France largely to the breadth
and depth of its product and
service offering.
The Group is also among the
world leaders in credit insurance,
number one in real estate
lease financing, a frontrunner
in equipment leasing and number
four in company business cards
for managers and executives.
Similarly,in the highly competitive
I
factoring, business information
and private equity markets,
the Group has developed a
comprehensive set of skills that
give it leading positions in all
these areas.
Lastly, over the past few years,
the Group has built up substantial expertise in leveraged and
owner buyouts (LBOs and
OBOs).
T
is stepping up its drive for
growth in the institutional
market,drawing on a very broad
product offering. This market
comprises institutional clients
in the strictest sense of the term,
that is insurance companies,
mutual health funds and associations,together with the local
public sector covering municipal,
departmental,regional and intermunicipal authorities,their public
or private law satellite organizations,and independent public
bodies such as chambers of
commerce.
The Group provides a comprehensive range of banking
products and services to all
these segments, as well as asset
management, insurance and
employee savings products.The
Group has traditionally held a
strong position in this vast
market,notably through Natexis
Banques Populaires and BRED
Banque Populaire.
Crédit Coopératif is also a
benchmark provider of banking
services for players in the social
economy, including cooperatives,business consortia and their
members,mutual organizations,
and other major public-interest
associations. It works in close
partnership with the various
movements that bring them
together and make up its Board
of Directors. In 2004, Crédit
Coopératif strengthened its
involvement in the low-cost
housing sector, notably in partnership with the Fédération
Nationale des Coopératives
HLM, the French national federation of low-cost housing
cooperatives.
9
A long-term commitment
The Banque Populaire Group’s commitment to sustainable
development forms an integral part of its founding
values. This commitment is reflected in both its internal
management practices and its external operations.
Hailed as ‘the friendly bank’ by the Journal du Management,
the Banque Populaire Group has always worked hard to make
a genuinely tangible commitment to sustainable development
in all its areas of business.
It is one of the few large French groups that is a net creator
of jobs, while at the same time providing its employees with
high quality career opportunities.
In environmental protection, it has become a specialist in
financing new energy sources. Its patronage and sponsor
ship activities reflect its desire to espouse and support the
enterprise spirit.
(1) Source: Journal du Management
Human resources: employment
and skills
Environment: a creative
approach
I
A
n line with its core values, the
Group’s human resources
policy focuses on employment
and developing the skills and
motivation of its staff. At end2004, the Group employed
44,509 people (full time equivalents), an increase of 3% on the
previous year.
For several years now,the Group
has been a net job creator.It has
planned for succession of the
baby-boom generation now
reaching retirement age and has
a hiring program targeting wellqualified, predominantly young
people.All new hires now have
at least two years post-baccalaureate education and 51% have
three years, while two thirds of
employees hired in 2004 were
under 30 years old.In return for
this genuinely high-quality human
resources development policy,
all employees are expected to
10
maximize their employability by
making full use of the various
form of training available to
them.The Group devotes a large
budget to staff training, well in
excess of the minimum legal
requirement. In 2004, training
was largely devoted to the
prevention of money laundering.
ll Group entities successfully put their creative
talents to work when it comes
to environmental issues.Through
the Group’s partnership
with ADEME (French
agency for the
environment
and energy
control) and
local authorities,they take
part in numerous projects
and more particularly those designed
to promote environmental
protection and renewable
energy sources.
These partnerships extend
beyond national boundaries.
For example,Crédit Coopératif
has an agreement with the
Fondation Energies pour le
Monde whereby it pays the
Foundation €3 every time it
issues an ‘Agir’ card, which is
exactly like a traditional Visa
card in all other respects, plus
a further € 0.06 for every
withdrawal subsequently
made on the card at a
cash machine, with
no impact on the
client’s account.
The Foundation
promotes renewable energy sources
and helps bring electricity to the world’s
most impoverished nations.
The Group is a leading arranger
and financer of wind farms
through Energeco, a subsidiary
of Natexis Lease, using its
financing expertise to serve the
environment.
Sustainable development
to society
A MAJOR PLAYER IN THE SOCIAL ECONOMY
Solidarity-based savings
Ecology
Through Crédit Coopératif, a major player in the social economy,
the Banque Populaire Group has a leading position in solidaritybased savings, with 54% market share.
Banque Populaire d’Alsace, with its strong commitment to
environmental protection, has developed the CODEVAIR passbook
account with the aim of financing ecology loans. In 2004, it
collected €25 million.
Unemployment and local development
The Group is main partner to the Association pour le Droit à
l’Initiative Economique, a network that assists and supports
the long-term unemployed with their work projects. The Group
provides micro-loans to finance their business start-ups.
Global Pact
In 2003, the Banque Populaire Group endorsed the UN Global Pact
which contains ten key principles concerning human rights,
working conditions and environmental protection.
Sponsoring: combining expertise
with a passion for sport
Patronage: revealing
young talent
T
T
is one of the biggest sponsors
of sailing, a sport that embodies
its own values of tenacity, team
spirit and tolerance.
For the past fifteen years, the
Group has sponsored an open 60foot trimaran that bears its name
–Trimaran Banque Populaire – now
skippered by Pascal Bidégorry,
who competes in all multi-hull
world championship events. In
2004, the Group embarked on
the Figaro circuit with Figaro
Bénéteau Banque Populaire, a
single-hull boat skippered by
Jeanne Grégoire. As official
partner to the French Sailing
Federation (Fédération Française
deVoile),it also supports the sport
at all levels throughout the
country, from initiation right up
to top-level competition and
partnering the French Olympic
team.
The Banque Populaire regional
banks also provide support for the
regional leagues, departmental
committees and local sailing clubs.
Lastly,the Group became official
partner to the Association Eric
Tabarly in 2003, whose aim is to
maintain the seaworthiness of
the mythical fleet owned by
Eric Tabarly, the world-famous
French yachtsman and to perpetuate the history of yacht racing.
In addition,the Banque Populaire
Group provides a comprehensive
range of financing and insurance
products for all sailing enthusiasts.
Foundation was set up to
house the Group’s patronage
activities.It is financed by all the
Banque Populaire regional banks,
Natexis Banques Populaires and
Banque Fédérale des Banques
Populaires.
The Foundation has three main
areas of interest:music (support
for budding young musicians and
composers),solidarity (support
for projects undertaken by young
disabled people), and preservation of France’s aquatic and
marine heritage (support for
collective projects selected by
a jury). In this latter field, which
is the Foundation’s newest
area of interest,recent projects
financed include the restoration
of fountains in the Morbihan
department of Brittany,renovation
of the lighthouse at Belle-Île off
the southern coast of Brittany,
and reconstruction of a steam
boat that sailed on the river Seine
at the end of the 19th century.
The Foundation takes a longterm approach and will provide
funding for a period of up to
three years.
11
22 Banque Populaire banks
A local, personalized relationship with clients
True to their cooperative values, the Banque Populaire
banks foster close, lasting relationships with
their member-stakeholders and clients. They are
key players in their regional economy.
The Banque Populaire banks draw their strength from the
spirit that inspired their creation by a group of men and women
who wanted to take control over their own destiny.The Banque
Populaire network now comprises 20 Banque Populaire regional
banks, CASDEN Banque Populaire and Crédit Coopératif, all
of which are cooperative organizations. As such, the clients
of each Banque Populaire bank can become memberstakeholders provided they meet the criteria set out in the
bank’s membership policy. At end-2004, the Banque Populaire
banks were owned by more than 2,770,000 memberstakeholders embodying the cooperative spirit on a daily basis.
Strong regional roots
Initiatives
As well as funding, the Banque Populaire banks organize
many other events and initiatives to encourage cooperation
and enterprise in their regions. These original ways of
harnessing creative energy to serve the local community
include Déclic Clubs dedicated to examining proposals for
citizenship projects, regional initiative awards, summer
schools, meetings for business start-ups, memberstakeholder councils and voluntary work awards.
At the end of 2004, four Banque Populaire banks had launched
160 Déclic Clubs, which will fund almost 300 projects. Six
Banque Populaire banks organize regional initiative awards
and one Banque Populaire bank has staged voluntary work
awards for three years running. Welcome sessions are also
organized in the branches bringing together several hundred
new Banque Populaire clients.
Right from the outset, all the Banque Populaire banks have
developed a strong regional focus. For them, being a regional
bank goes much deeper than simply providing services in a
particular geographical area. It means being fully involved in and
committed to developing the regional economy and dedicated
to serving the local community.
Their 331 Directors, including 18 non-voting Directors but
excluding Crédit Coopératif, whose directors are legal
persons, include 176 business owners or senior executives,
28 tradespeople and independent retailers, 9 farmers and
27 self-employed professionals. All of them maintain close ties
with local community and business organizations as well as
local chambers of commerce, in many cases serving on their
boards.Through their strong regional involvement, the Banque
Populaire banks gain an in-depth understanding and knowledge
of the local economy, helping them reconcile the interests of
their member-stakeholders, clients, employees and local society
and the economy.
€4,967 € 838
million
net banking income
12
million
earnings capacity
65.8%
cost/income ratio
The Banque Populaire banks
First-class players
With the European Union increasingly becoming a community
of regions,several Banque Populaire banks have merged to create
major regional players. By joining forces, they not only strengthen their capital base but also enhance their ability to support
clients, sharpen their regional focus and pave the way for
market share gains. At the same time, their employees benefit
from a wider range of career opportunities.
Today’s new communications technologies provide an opportunity
to redraw the maps and allocate resources more effectively,
without ever losing sight of the overriding need to maintain close
local relations between the bank and its member-stakeholders,
clients and the many other players in the regional economy.
This has been a growing trend for several years now, continuing
in 2004 with the merger between Banque Populaire Nord de
Paris and Banque Populaire BICS to create Banque Populaire
Rives de Paris.
Banks with a specific mission
CASDEN Banque Populaire
CASDEN Banque Populaire was created in the 1950s by a group of people
united by a common interest and an original idea, namely providing
banking services for members of the French national education system
in a spirit of cooperation and solidarity. In 1974, CASDEN adopted the
status of société anonyme coopérative de banque populaire, joining
the ranks of the other Banque Populaire banks. The purpose of CASDEN
Banque Populaire is to serve employees of the French national systems
of education, research and culture. Cooperative status means that the
bank’s capital lies in the hands of member-stakeholders who currently
number more than a million. CASDEN Banque Populaire offers its memberstakeholders savings and lending products. It is also the preferred partner
of the large mutual health funds that support the national education
system, notably MGEN.
A close relationship with their clients
A local, personalized service forms the cornerstone of the
Banque Populaire Group’s client relationships. It has highly
skilled and motivated teams who strive to find the best
solutions for each individual client as part of a global approach
to their needs.The goal is not to get clients to sign up immediately
for such or such a savings product or loan, but to gain an
in-depth understanding of each client’s overall needs and
expectations from a long-term perspective.
Each year, the Banque Populaire Group expands its branch
network with the aim of continuously improving this personal
service. In 2004, a net 86 new branches were added, bringing
the total to 2,692 at the year end.
Crédit Coopératif
Crédit Coopératif occupies a unique position in the French banking arena,
providing banking services for its member-stakeholders and for all players
involved in the social and humanitarian economy, including cooperatives,
associations, mutual organizations, SMEs and business consortia in a
broad array of sectors. Its range of ethical and humanitarian investment
products are also attracting an increasing number of personal banking
clients. Following a decision taken in 2002, Crédit Coopératif – which
like CASDEN Banque Populaire operates on a national scale – joined the
Banque Populaire Group in 2003. It has taken on the status of société
anonyme coopérative de banque populaire and has become one of the
Group’s parent companies, with a specific national agenda geared to the
social and humanitarian economy. Like the other Banque Populaire banks,
Crédit Coopératif is committed to cooperative values and is guided by
principles of long-term mutual development. These principles are reflected
in the bank’s day-to-day operations and corporate practices, with memberstakeholders being involved at all levels, from the Boards of the branches
right up to the bank’s Board of Directors.
Crédit Maritime Mutuel
(affiliated to Banque Fédérale des Banques Populaires)
Crédit Maritime Mutuel was founded in the early 1900s by a group of fishermen with the aim of providing
finance and support for the fishing and aquaculture industries in a spirit of cooperation and solidarity. With 900
employees and over 140 branches, it now plays a major role in the entire coastal economy, extending its expertise
to tourism as well as fishing and aquaculture, and serving both business and personal clients. On October 19,
2004, the Board of Directors of Société Centrale du Crédit Maritime Mutuel, the central body, voted
unanimously in favor of the Crédit Maritime Mutuel regional banks sharing the technical and operational
resources of the Banque Populaire coastal regional banks, while retaining the legislative and regulatory
framework currently governing Crédit Maritime Mutuel.
13
22 Banque Populaire banks (cont.)
12
5
17
5
2
9
17
14
20
3
4
10
8
6
1
18
13
19
5
5
Martinique
11
15
5
Guadeloupe
French Guyana
5
5
Mayotte
Réunion
7
16
15
Network of the Banque Populaire banks at January 1, 2005
1
BANQUE POPULAIRE DES ALPES
End-2004 figures
www.alpes.banquepopulaire.fr
Jean Clochet
Number of member-stakeholders 84,842
Regulatory capital
€ 467 m
CHAIRMAN
Number of employees
Net banking income
€ 220 m
Alain Rogès
Number of branches
(1)
1,300
144
Net income
€ 36 m
CHIEF EXECUTIVE OFFICER
2
BANQUE POPULAIRE D’ALSACE
www.alsace.banquepopulaire.fr
Thierry Cahn
Regulatory capital
€ 389 m
CHAIRMAN
Number of employees
Net banking income
€ 182 m
Dominique Didon
Number of branches
(1)
1,414
97
Net income
€ 18 m
3
BANQUE POPULAIRE ATLANTIQUE
www.atlantique.banquepopulaire.fr
François Ferdinand
Regulatory capital (2)
CHAIRMAN
Number of employees
Net banking income (2) € 225 m
Yves Gevin
Number of branches
14
(1)
1,475
142
Net income (2)
€ 494 m
€ 31 m
4
BANQUE POPULAIRE BOURGOGNE FRANCHE-COMTÉ
www.bpbfc.banquepopulaire.fr
Jean-Philippe Girard
Regulatory capital
€ 580 m
CHAIRMAN
Number of employees
Net banking income
€ 297 m
Bernard Jeannin
Number of branches
(1)
1,668
170
Net income
€ 48 m
5
BRED BANQUE POPULAIRE
www.bred.banquepopulaire.fr
Stève Gentili
Regulatory capital (2) € 1,002 m
CHAIRMAN
Number of employees
Jean-Michel Laty
Number of branches
(1)
3,121
288
Net income (2)
€ 117 m
6
BANQUE POPULAIRE CENTRE ATLANTIQUE
www.centreatlantique.banquepopulaire.fr
René Clavaud
Regulatory capital
€ 257 m
CHAIRMAN
Number of employees
Net banking income
€ 139 m
Gérard Guignat
Number of branches
(1)
944
98
Net income
€ 14 m
7
BANQUE POPULAIRE CÔTE D’AZUR
www.cotedazur.banquepopulaire.fr
Bernard Fleury
Regulatory capital
€ 198 m
CHAIRMAN
Number of employees
Net banking income
€ 145 m
Jean-François Comas
Number of branches
(1)
949
86
Net income
€ 16 m
8
BANQUE POPULAIRE LOIRE ET LYONNAIS
www.loirelyonnais.banquepopulaire.fr
Hervé Genty
Regulatory capital
€ 360 m
CHAIRMAN
Number of employees (1)
Net banking income
€ 188 m
Daniel Duquesne
Number of branches
1,157
88
Net income
€ 33 m
15
9
BANQUE POPULAIRE LORRAINE CHAMPAGNE
www.lorrainechampagne.banquepopulaire.fr
Michel Hellenbrand
Regulatory capital
€ 592 m
CHAIRMAN
Net banking income
€ 272 m
Jacques Hausler
Number of branches
1,420
135
Net income
€ 31 m
10
BANQUE POPULAIRE DU MASSIF CENTRAL
www.massifcentral.banquepopulaire.fr
Philippe Hospital
Regulatory capital
€ 252 m
CHAIRMAN
Net banking income
€ 119 m
Christian du Payrat
Number of branches
843
84
Net income
€ 15 m
11
BANQUE POPULAIRE DU MIDI
www.midi.banquepopulaire.fr
Claude Cordel
Number of member-stakeholders
CHAIRMAN
Number of employees
François Moutte
Number of branches
(1)
41,198
601
60
Regulatory capital
€ 254 m
Net banking income
€ 123 m
Net income
€ 27 m
12
BANQUE POPULAIRE DU NORD
www.nord.banquepopulaire.fr
Jacques Beauguerlange
CHAIRMAN
Number of employees
Yves Breu
Number of branches
(1)
54,353
1,039
81
Regulatory capital
€ 249 m
Net banking income
€ 141 m
Net income
€ 15 m
13
BANQUE POPULAIRE OCCITANE
www.occitane.banquepopulaire.fr
Jean-Paul Malrieu
CHAIRMAN
Alain Condaminas
Number of branches
16
58,176
1,062
100
Regulatory capital
€ 305 m
Net banking income
€ 163 m
Net income
€ 28 m
14
BANQUE POPULAIRE DE L’OUEST
www.ouest.banquepopulaire.fr
Pierre Delourmel
Regulatory capital
€ 401 m
CHAIRMAN
Number of employees
Net banking income
€ 201 m
Philippe Queuille
Number of branches
(1)
1,374
122
Net income
€ 24 m
15
BANQUE POPULAIRE PROVENÇALE ET CORSE
www.provencecorse.banquepopulaire.fr
Jean-Louis Tourret
Regulatory capital
€ 204 m
CHAIRMAN
Net banking income
€ 108 m
François-Xavier de Fornel
Number of branches
700
76
Net income
€ 16 m
16
BANQUE POPULAIRE DES PYRÉNÉES-ORIENTALES,DE L’AUDE ET DE L’ARIÈGE
www.pyreneesaudeariege.banquepopulaire.fr
Bernard Vergès
Regulatory capital
€ 259 m
CHAIRMAN
Number of employees
Net banking income
€ 148 m
François Moutte
Number of branches
(1)
948
65
Net income
€ 27 m
17
BANQUE POPULAIRE RIVES DE PARIS
www.rivesparis.banquepopulaire.fr
Marc Jardin
Regulatory capital
€ 731 m
CHAIRMAN
Number of employees
Net banking income
€ 425 m
Jean Criton
Number of branches
(1)
2,612
186
Net income
€ 53 m
18
BANQUE POPULAIRE DU SUD-OUEST
www.sudouest.banquepopulaire.fr
Jean-Louis d’Anglade
Regulatory capital
€ 216 m
CHAIRMAN
Net banking income
€ 134 m
Francis Thibaud
Number of branches
831
94
Net income
€ 21 m
17
19
BANQUE POPULAIRE TOULOUSE-PYRÉNÉES
www.toulousepyrenees.banquepopulaire.fr
Michel Doligé
Regulatory capital
€ 359 m
CHAIRMAN
Number of employees
Net banking income
€ 179 m
Richard Nalpas
Number of branches
(1)
1,062
103
Net income
€ 29 m
20
BANQUE POPULAIRE VAL DE FRANCE
www.bpvf.banquepopulaire.fr
Jean-Pierre Tremblay
CHAIRMAN
Number of employees
Yvan de La Porte du Theil
Number of branches
(1)
2,111
193
€ 804 m
Net income (2)
€ 54 m
CASDEN BANQUE POPULAIRE
www.casden.banquepopulaire.fr
Pierre Desvergnes
Number of member-stakeholders 1,015,669
CHAIRMAN
Number of employees
Net banking income
(1)
Number of branches
423
1
€ 906 m
(2)
Net income (2)
€ 204 m
€ 46 m
CRÉDIT COOPÉRATIF
www.credit-cooperatif.coop
Jean-Claude Detilleux
CHAIRMAN AND CHIEF
EXECUTIVE OFFICER
Number of employees
Net banking income
(1) Active employees
(2) Consolidated data
18
Number of branches
(1)
1,509
98
Net income (2)
€ 558 m
(2)
€ 265 m
€ 31 m
Banque Fédérale des Banques
Populaires
The heart of the Group
A bank with major responsibilities to promote
the Group’s development.
Philippe Dupont
Michel Goudard
Bruno Mettling
Chairman and
Chief Executive Officer
Deputy Chief Executive
Officer
Deputy Chief Operating
Officer
The Group’s central body and holding
company
Banque Fédérale des Banques Populaires operates as a fully-fledged
bank and is jointly owned by all the Banque Populaire banks. As
well as acting as the central body of the Banque Populaire Group,
as required by French banking law, Banque Fédérale des Banques
Populaires provides treasury management services for the Banque
Populaire banks and is the holding company of Natexis Banques
Populaires, in which it owns a 75.6% stake. It is directly responsible
for the strategic direction,coordination,supervision and management
control of the entire Group.
The Board of Directors of Banque Fédérale des Banques Populaires
is the Group’s decision-making body. It is made up of Directors of
the Banque Populaire banks who are elected by their peers for a
three-year term.One third of Directors retire by rotation each year.
SUBSIDIARIES
SBE
Société de Banque et d'Expansion offers personal
banking services through two distinct businesses:
a network of 24 branches providing onsite services
for large corporations and remote telephone
and internet banking services.
i-BP
Placed under the overall responsibility of Banque
Fédérale des Banques Populaires, i-BP is devoted to
federating the IT systems of all the Banque Populaire
banks in order to build a system adapted to future
distribution goals related to banking products and
services.
Federating growth
Banque Fédérale des Banques Populaires is responsible for devising
projects and analyzing their overall feasibility before passing them
on to other Group structures for implementation.Acting as a thoughtleader, it is involved in identifying and preparing all key strategic
decisions affecting the Group’s future.Banque Fédérale des Banques
Populaires was behind the integration of Crédit Coopératif, it
initiated the strategic decision to acquire Coface and promoted a
cooperation agreement between Crédit Maritime Mutuel – a bank
affiliated to Banque Fédérale des Banques Populaires – and the
Banque Populaire banks located in France’s coastal areas.
Guarantor of the Group’s liquidity and capital
adequacy
Banque Fédérale des Banques Populaires guarantees the liquidity
and capital adequacy of the Banque Populaire network.The system
functions by pooling the capital of all the banks in the network. If
one of them is faced with a lack of liquidity or is undercapitalized,
all the others will be called on to contribute capital,within the limit
of their own resources. As a last resort, Banque Fédérale des
Banques Populaires will also provide capital from its own resources.
19
The Group’s financing, investment banking and services bank
First-class positions among major corporate
and institutional clients.
Philippe Dupont
François Ladam
Chairman
Chief Executive Officer
With more than 12,000 employees and a network of 150 offices
worldwide, Natexis Banques Populaires, the Group’s listed vehicle,
builds long-term domestic and international partnerships with its
clientele of large and medium-sized companies, financial institutions
and the Banque Populaire banks. Natexis Banques Populaires is a
major player in the financing market, serving substantially all major
French companies.Through its subsidiary Coface, it is one of the
world’s leading providers of credit insurance and credit management
services.At the same time, Natexis Banques Populaires is ranked
among the leaders in private equity and financial engineering, and
is one of the foremost brokerage firms.It also ranks among the top
providers of high-tech services, as well as being a well-known and
highly respected player in the bancassurance and asset management
sectors and the leading employee savings plan manager in France.
+ 10%
2,455
é2,708
+ 19%
é
+ 54%
é
851
407
716
1,793
265
347
108
2002
2003
2004
2002
2003
2004
2002
2003
NET BANKING INCOME
GROSS OPERATING INCOME
NET INCOME
IN MILLIONS OF EUROS
2004
+ 8%
69.9
68.7
68.4
72.5
2002
20
2003
2004
2002
80.8
é87.0
2003
7.2 %
2004
2002
8.1 %
8.2 %
2003
2004
AVERAGE OUTSTANDING LOANS
MANAGED ASSETS
TIER ONE RATIO
IN BILLIONS OF EUROS
IN BILLIONS OF EUROS
at December 31
at December 31
Corporate and Institutional
Banking and Markets
C
orporate and Institutional
Banking and Markets is the
new core business created by
dedicated to corporate and
institutional clients. In line with
the bank’s guiding strategic
principles, it has a customeroriented organization structure.
Two Sales departments dedicated
respectively to Corporate clients
and Financial Institutions have
been created to coordinate and
assist the sales forces.
No. 4
No. 2
No. 4
Global Relationship Managers
and Senior Bankers work in
close association with all other
Natexis Banques Populaires’
business departments and
notably – Corporate France,
International, Commodities,
Global Debt and Derivatives
Markets, Equity Group and
Mergers & Acquisitions – to
provide solutions tailored to
client needs.
lender to large and medium-sized companies in France
in the French real estate lease financing market
SUBSIDIARIES
n
Natexis Coficiné
n
Natexis Lease
n
Natexis Algérie
n
Natexis Luxembourg S.A.
n
Natexis Moscow
n
Natexis Pramex International
n
Natexis Immo Développement
n
Natexis Commodity Markets
n
Natexis Bleichroeder S.A. (Paris)
n
Natexis Bleichroeder Inc. (New York)
n
Natexis Bleichroeder UK (London)
n
Natexis ABM Corp.
n
Natexis Arbitrage
n
Natexis Finance
mandated lead arranger in LBO financing worldwide
Private Equity and
Wealth Management
rivate Equity and Wealth
Management comprises
Natexis Private Equity, Banque
Privée Saint Dominique and
Natexis Private Banking Luxembourg S.A.
P
Natexis Private Equity
provides financing at each stage
of a company's development,
from seed capital to mezzanine
finance, bringing it to the point
where it is ready to launch an
IPO. It acquires minority or
majority interests, generally in
unlisted companies, which it
holds for an average of five years.
Banque Privée Saint Dominique, which specializes in
private asset management,takes
a customized approach to wealth
management, combining diversified investment services with
legal and tax advice.
SUBSIDIARIES
Private Equity
n
Natexis Private Equity, holding company of:
- Spef Développement
- Natexis Investissement
- Epf Partners
- Natexis Equity Management
Natexis Private Banking
Luxembourg S.A. specializes
in international wealth management services.
- Spef Venture
- Ventech
- Initiative & Finance
- Natexis Industrie
- Spef LBO
- Euromezzanine
- Natexis Private Equity International
Private Banking
No. 1
provider of private equity to small and medium-sized
companies
n
Banque Privée Saint Dominique
n
Natexis Private Banking Luxembourg S.A.
21
Natexis Banques Populaires (cont.)
Services
anking, Financial and
Technology Services manages the back office processing
operations carried out by Natexis
Banques Populaires and the
Banque Populaire regional banks,
related to payments and stock
market transactions. It also
provides securities custody and
processing services,and processing services for electronic
banking and payment transactions.
comprises three main areas:
insurance, fund management
and employee savings plans. It
provides Banque Populaire Group
B
No. 1
No. 1
No. 1
clients with an extensive range of
savings,investment and insurance
products and services, together
with a comprehensive skill-set
tailored to the specific needs of
each clientele,whether personal,
small business, corporate or
institutional.
In 2004,the department reorganized its sales and marketing
structure with a view to promoting a full array of products for
small business and corporate
customers,from employee savings
plans through to group life
insurance, personal risk insurance
and service vouchers.
employee savings manager in France
issuer in the French interbank teleclearing system
SUBSIDIARIES
Banking, Financial and
Technology Services
n
Natexis Paiements
n
LineBourse
n
Slib
n
Samic
n
Natexis Assurances
n
Natexis Asset Management
n
Natexis Asset Square
n
Natexis Axeltis Ltd
n
Natexis Interépargne
n
Natexis Epargne Entreprise
n
Natexis Intertitres
n
Natexis Asset Management Immobilier
issuer of payment cards for small business customers
in France
Receivables Management
eceivables Management
comprises four business lines:
credit insurance, factoring,
business information and trade
receivables management. Leveraging the resources and expertise provided by Coface and
Natexis Factorem, it provides
solutions to a need shared by
all companies and financial
institutions, namely managing,
financing and protecting their
business relationships with
customers and suppliers.Natexis
Banques Populaires is at the fore-
R
No. 1
No. 3
No. 3
22
front of these four businesses in
France and across the globe.
Coface offers companies a broad
spectrum of trade receivables
management solutions through
its own network spanning
58 countries, and through its
partners in the CreditAlliance
network of banks and insurance
companies.
Natexis Factorem specializes in
providing trade receivables
management services through
the Banque Populaire Group’s
networks.
in business information in France
factor in France
in credit insurance worldwide
SUBSIDIARIES
n
Coface S.A.
- Coface SCRL
- AK Coface (Germany)
- Viscontea Coface (Italy)
- OKV Coface (Austria)
- Coface Ort
- Coface North America
n
Natexis Factorem
International network
The Group’s international offices
Coface
Joint network
ALICANTE AMSTERDAM
BARCELONA BERLIN BIELEFELD BIELLA
BIRMINGHAM BONN BRATISLAVA BREDA BRUSSELS BUCHAREST
BUDAPEST
COLOGNE
DUBLIN
DÜSSELDORF
ESCHBORN
FRANKFURT FREDERIKSBERG HAMBURG HANOVER ISTANBUL
KARLSRUHE
KIEV
LA CORUÑA
LAMPERTHEIM
LAUSANNE
LINZ
LISBON
LJUBLJANA
LONDON
LOUVAIN-LA NEUVE
LUXEMBOURG
MADRID MAYENCE
MILAN MONACO
MOSCOW
MUNICH NUREMBERG OSLO PRAGUE RIGA ROME SAINTPETERSBURG
SAN SEBASTIAN
SEVILLE
SOFIA
STOCKHOLM
STUTTGART TALLINN VALENCIA
WARSAW(1) VIENNA VILNIUS
WATFORD ZAGREB ZURICH
BALTIMORE
BOGOTA
BUENOS-AIRES
CARACAS
CHICAGO
EAST WINDSOR FAIRFIELD GLENDALE GREENWICH GUAYAQUIL
HOUSTON LIMA LOS ANGELES MEXICO MIAMI NEW HAVEN
NEW YORK
PANAMA
PIERREFONDS
QUITO
SAN JOSE
SANTIAGO
SÃO PAULO
DAKAR
DOUALA(2)
COTONOU
LOME ORAN OUAGADOUGOU
BEIJING HANOI HO CHI MINH
BANGKOK
ALMATY BANGALORE
CITY
HONG KONG
JAKARTA
KUALA LUMPUR
LABUAN
NEW DELHI
OSAKA
SECUNDERABAD
SEOUL
MUMBAI
SHANGHAI
SINGAPORE SYDNEY TAIPEI
TOKYO YANGON
BAMAKO
ALGIERS
ABIDJAN
DUBAI JOHANNESBURG CAIRO
SANDTON SETIF TEHRAN
(1) BISE: subsidiary of Crédit Coopératif - (2) BICEC: subsidiary of Banque Fédérale des Banques Populaires
23
2004 Financial Data
Summary of operations and results of the Banque Populaire Group
2004
2003
Variation
Net banking income
Operating expenses, depreciation & amortization
7,640
(5,095)
7,066
(4,795)
8%
Gross operating income
Provisions for loan losses and country risks
2,545
(480)
2,270
(565)
12%
Operating income
Income from companies accounted for by the equity method
Gains and losses on disposals of fixed assets
2,065
7
26
1,705
12
19
21%
-
Income before exceptional items and tax
Exceptional items
Corporate income tax
Amortization of goodwill
Net charge to fund for general banking risks (b)
Minority interests
2,098
(30)
(700)
(33)
(115)
(161)
1,735
(23)
(544)
(17)
(168)
(129)
21%
-
Net income (a)
1,059
853
24%
Earnings capacity (a) + (b)
1,174
1,022
15%
2004
2003
7,640
7,066
Net fee and commission income
30%
31%
Net interest income
46%
47%
Other
24%
22%
In EUR millions
Breakdown of net banking income
Total net banking income (in EUR millions)
Ratings
Long-term senior debt
Banque Populaire Group
MOODY’S
Aa3
STANDARD & POOR’S
-
FITCH RATINGS
A+
MOODY’S
Aa3
24
STANDARD & POOR’S
A+
FITCH RATINGS
A+
Customer loans
31/12/2004
31/12/2003
Variation
Personal customers
46,052
40,711
13%
Business customers
65,851
62,535
5%
9,416
9,776
-
121,319
113,022
7%
31/12/2004
31/12/2003
Variation
Personal customers
49,330
45,653
+ 8%
Business customers
31,412
32,652
-
Interest-bearing notes and money market securities
held by customers(1)
14,133
11,214
+ 26%
Total
94,875
89,519
+ 6%
31/12/2004
31/12/2003
Variation
Life insurance
24,474
22,472
9%
Employee savings plans
11,485
11,742
-
Mutual funds
54,825
49,969
10%
Other savings
6,653
5,989
12%
97,452
90,172
8%
In EUR millions
Others
Total
(1)
(1)
(1) Excluding resale agreements
Customer deposits
In EUR millions
(1)
(1) Excluding repurchase agreements
Customer savings
In EUR millions
Total
25
Regulatory capital
31/12/2004
In EUR millions
Tier One capital
13,421
Total regulatory capital
17,244
Risk-weighted assets
146,804
International capital adequacy ratio
31/12/2004
Tier One ratio
9.1%
International capital adequacy ratio
11.7%
Return on equity
31/12/2004
ROE(1)
14.1%
(1) Earnings capacity as a percentage of opening shareholders’ equity
Number of active employees(1) (Banque Populaire Group)
31/12/2004
31/12/2003
31/12/2002
31/12/2001
31/12/2000
31/12/1999
27,504
26,528
25,725
25,218
24,079
23,167
1,509
1,486
1,425
In EUR millions
Banque Populaire regional banks
+ Casden Banque Populaire
Crédit Coopératif
Total Banque Populaire banks
28,563
28,014
27,150
25,218
24,079
23,167
Crédit Maritime Mutuel
918
959
-
-
-
-
Banque Fédérale des
Banques Populaires
463
453
443
430
404
390
and subsidiaries
8,311
8,151
7,681
7,589
6,935
6,140
Coface
4,619
4,076
3,765
-
-
-
12,930
12,227
11,446
7,589
6,935
6,140
770
761
759
807
810
803
865
810
780
767
781
691
44,509
43,224
40,578
34,811
33,009
31,191
Total NBP and subsidiaries
Information systems platform
(2)
Other structures(3)
Group total
(1) Active employees are those registered on the payroll at each month end, either on permanent or fixed-term contracts, measured on a full time equivalent basis.
Part-time and contract staff are therefore included ratably on the basis of the number of hours worked during the month.
(2) December 31, 2002: employees of CTR Metz-Troyes included in Banque Populaire Lorraine Champagne.
(3) SBE, BICEC,CAR-IPBP, Guidéo, Click & Trust, banking staff seconded to subsidiaries Bred, Cofilease, Sopromec and M+X, a subsidiary of Banque Fédérale des Banques
Populaires.
26
Contacts
Banque Populaire Group
Le Ponant de Paris
5, rue Leblanc, 75511 Paris Cedex 15 - France
Tel: + 33 (0) 1 40 39 60 00 – Fax : + 33 (0) 1 40 39 60 01
Group Financial Communications
Pierre Jacob
Investor Relations
Cécilia Matissart
Press Relations
Véronique Davet-Fournier
Federal Communications
Maryvonne Monique Pollet
Fanny Kerecki
www.banquepopulaire.fr
Annual reports for Banque Populaire Group and Natexis Banques Populaires
can be downloaded under the heading: “LE GROUPE”
Printed by Comelli on printers carrying the Imprim’vert sustainable development label.
Printed on paper produced in a ISO 9001 and ISO 14001 certified paper mill using vegetable inks with high biodegradability properties.
27
Published by Banque Fédérale des Banques Populaires/Département Communication fédérale - Direction Communication financière Groupe Design-production avant•garde - Tel:+33 (0) 1 45 74 61 61 Printing Comelli
Photo credits M. Labelle/BFBP - F. Delauney/BFBP - F. Vallon/Natexis Banques Populaires - Y. Zedda/BFBP - A. Dovifat/BFBP - Bananastock - Brand x pictures - Digitalvision - Getty Images - Image Bank Imageshop - Photodisc - Photonica - Stockbyte - Stone - Stone + - Taxi - Zefa

Overview 2005 - Banque Populaire Group

Transcription

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