BPCE goes on a conquest. After having weathered the crisis rather well, the mutual banking group which oversees the Banque Populaire, the Savings Bank and Natixis, intends to accelerate its development. It aims to increase its revenues by 1.5 billion euros by 2024 (growth of 3.5% per year) to achieve net banking income - equivalent to turnover - of 25.5 billion. euros. Net income will then be greater than 5 billion euros (compared to 3 billion in 2019, excluding Natixis). The bank also wants to control its costs, a weakness of the French networks. The second largest retail banking group in France, behind Crédit Agricole, will invest 900 million euros by 2024, ultimately reducing its costs by 800 million euros per year.
"It is an ambitious plan, a growth plan, a development plan
,
"
insisted Thursday Laurent Mignon, Chairman of the Management Board of BPCE.
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