Groupe Caisse d'Epargne

Infobox_Company
company_name = Groupe Caisse d'Epargne
company_
company_type = Semi co-operative
foundation = 1818
location_city = Paris
location_country = France
key_people = Charles Milhaud, Chairman
Nicolas Merindol, CEO
num_employees = 52,000
Subsidiaries = Natixis
industry = Financial services
products = Banking and insurance
homepage = [http://www.groupe.caisse-epargne.com/ www.groupe.caisse-epargne.com]

Groupe Caisse d'Epargne is a French banking group, founded in 1818, with around 4700 branches in the country.

The group's most notable brand is the "Caisse d'Epargne" network of mutual savings banks. Along with La Banque Postale and Crédit Mutuel, the bank shares the rights to offer the popular Livret A savings accounts, backed by the French government.

In addition, the group is also the owner of the mortgage bank Crédit Foncier, the corporate and private bank Banque Palatine and Financière Océor, a commercial, private asset management and specialist finance bank serving France's overseas departments.

In 2006, Groupe Caisse d'Epargne merged its investment bank IXIS Corporate and Investment Bank with Groupe Banque Populaire's Natexis, creating Natixis, a publicly-traded investment bank in which Caisse d'Epargne and Groupe Banque Populaire hold an equal stake. Groupe Caisse d'Epargne has also since merged its private wealth management bank La Compagnie 1818 into the Natixis group.

The group is listed in the 2007 ICA Global 300 list of mutuals and co-operatives, ranked 11th by 2005 turnover, making it the 2nd largest co-operative banking group in the world, after Crédit Agricole. [http://www.global300.coop]

ponsorship

The group has been the title sponsor of the Caisse d'Epargne professional cycling team since 2006.

References

External links

* [http://www.groupe.caisse-epargne.com/ Groupe Caisse d'Epargne official site]
* [http://www.natixis.fr/ Natixis official site]