Bpce:VISION 2030: enabling our clients, cooperative shareholders,
and employees to trust in the future
Paris, June 26, 2024
VISION 2030: enabling our clients,
cooperative shareholders, and employees to trust in the
future
Groupe BPCE is starting a new chapter in
its history with the launch of its VISION 2030 strategic plan.
Outlining the major strategic priorities of the Group and its
business lines between now and 2030, this plan is resolutely
focused on growth and on the diversification of its activities. It
is accompanied by a set of commercial, financial and non-financial
goals for 2026. These objectives can already capitalize on several
ambitious initiatives announced in the first half of
2024.
Thanks to its century-old banking houses, Groupe
BPCE is the oldest banking group in France but also the
youngest given that it was founded in its current form in
2009. These 15 years have made it possible to build a solid, 100%
cooperative group with 9.5 million cooperative shareholders, the
4th largest banking group in the euro zone in terms of
capitalization. Serving 35 million clients, Groupe BPCE finances
22% of the French economy and holds leading competitive positions
both in France and around the world.
True to its cooperative nature, Groupe BPCE has
mobilized the 14 Banques Populaires, 15 Caisses d'Epargne, and
BPCE’s different business lines to develop a plan for
growth designed to serve its clients in a society marked
by four major environmental, demographic, technological,
and geopolitical transitions. The acceleration and mutual
reinforcement of transitions can raise uncertainties. Faced with
this situation, Groupe BPCE is mobilizing its cooperative values,
its local and regional presence, its business lines and expertise
to enable its clients and employees to assert their power
to act and trust in the future.
VISION 2030 sets a course for Groupe BPCE and all
its companies, organized around three pillars.
1 • FORGING OUR GROWTH FOR THE LONG
TERM
We have defined a new
growth model to be implemented simultaneously in
three major geographical circles (France, Europe,
and the World) with a view to diversifying the Group's sources of
revenue by combining organic growth, industrial and commercial
partnerships, and external growth operations:
A LEADING GROUP that sets targets
for each of the following three growth
circles:
|
France |
Europe |
World |
|
Become the bank
for 1 in
every 4 French
people and the
No.1 bank for
professionals and
corporates 2 million additional individual clients
Leading position among corporate clients extended to all
entrepreneurs |
Become a leader
in financial services
in
Europe Number 1 in industrial equipment lease
financing in Europe A go-to player for BNPL payments and
point-of-sale financing Europe-wide rollout of
consumer
finance |
Become a key global
player committed to more sustainable
business models One of the world's leading
Corporate & Investment banks in its key areas of expertise
A go-to asset manager for its clients thanks to conviction
based investment solutions |
and develops new diversified and ambitious
partnerships to gain in scale and quality for its clients,
to complement our range of solutions, to become an ecosystem
aggregator, and to jointly develop the game-changing solutions of
the future.
and managed in line with the principles of
“Cooperative performance,” charting our growth
over the long term reconciling robustness
(regular, low-volatility profitability, moderate risk appetite,
high solvency levels), subsidiarity (rapid
decision-making in close contact to territories), and
impact (equal attention paid to the impact on
clients, employees, and society at large). This performance will be
based on the recognized innovative capability of
all the Group's business lines.
|
GOALS FOR 2026 |
|
+800,000 new individual clients in
France>25% growth in NBI for Financial Solution
& Expertise generated outside France+8% CAGR*
for revenues from clients outside of France, for Natixis
CIB+15% in gross inflows between 2023 and 2026
through shared distribution, for Natixis IM |
>5% CAGR* for Group NBI between 2024 and
2026 €1bn of total investments in
transformation over 2025-2026, i.e. a 30% acceleration in our
technological investments~€5bn in Net income
(Group share)>15.5% in CET1 ratio, one of
the highest levels of solvency in Europe |
|
|
|
* CAGR: compound annual growth rate
|
A MOVEMENT ALREADY UNDERWAY IN 2024 |
|
With the planned acquisition of Société Générale Equipment Finance
(SGEF),
BPCE becomes the European leader in equipment leasing |
Partnership with BNP Paribas
to create the No.1 payment processor
in France and one of the top 3 in Europe |
New energy renovation services thanks to a partnership with Leroy
Merlin |
|
|
|
|
2 • GIVING OUR CLIENTS TRUST IN THEIR
FUTURE
its clients to realize their projects, with two
priorities for action in a changing world: housing and territories
competitiveness
HousingCreation of a new
business line bringing together all Groupe BPCE's
expertise, with a view to producing, enhancing the value
of real estate assets, renovating, and making sustainable home
ownership possible for as many people as possible.
Territories
competitivenessCompetitiveness of
companies by helping SMEs to grow into the ISEs of the
future, by using our key expertise to provide companies with
strategic and business transformation advisory, and by channeling
local savings into regional companies capital.
Competitiveness of infrastructure by providing
financing essential of key infrastructure projets to ensure the
success of transitions (Healthcare, Sport, Low-carbon energies,
Environment, Mobility, and Telecoms).Finally, the
competitiveness of strategic sectors to maintain
their presence in, or their relocation to territories.
and secure its clients, regarding their
situation (individual, family or professional),
their property, their data, their
wealth, their savings or their
retirement. These solutions will be accessible to
all, via our Banque Populaire and Caisse d’Epargne retail banking
networks, or directly. Our goal is to become the
4th largest insurer in
France.
with client relationship models offering
the best of human and digital capabilities, enhanced by
AI. Clients will be free and autonomous to choose
how they prefer to interact with their bank from 100% digital to
100 % physical with the option of combining the two. All
our clients, as well as our account advisors, will benefit from the
contributions of AI used in an ethical and responsible manner, and
applied to use-cases that create value.
|
GOALS FOR 2026 |
|
>27% of housing financed or managed by the
Group>€1bn in individual financing for
energy-efficiency renovations1/3 of Life insurance
Euro fund invested in the French economy, i.e. €20 billion
45% of our individual clients protected by our
insurance solutions, and 30% for
professionalsTop 20 operations requested by
individual clients available through self-care50%
of employees use AITop 20 operations requested by
individual clients available through self-care 50%
of employees use AI |
|
|
|
|
A MOVEMENT ALREADY UNDERWAY IN 2024 |
|
Video surveillance solution in partnership with Verisure |
New, innovative home financing solutions for first-time buyers
provided by the
Banques Populaires and Caisses d'Epargne |
10 most common customer operations available through self-care
|
|
|
|
|
3 • EXPRESSING OUR COOPERATIVE values in
all TERRITORIES
- A Group PROUD and STRONG from
its MANY FACES
reasserting its commitment to its core strengths:
the combination of powerful, complementary brands
(Banque Populaire, Caisse d’Epargne, Natixis CIB, Natixis IM, Oney,
and Palatine), full-fledged regional banking houses, and
expertise that distinguish the Group from its peers, sources of new
value creation for all its stakeholders.
- A GROUP WITH a positive
impact
The cooperative status of the
Banques Populaires and Caisses d'Epargne, along with their strong
local and regional presence, has established Groupe BPCE as a
financial institution with an inherent "positive impact" since its
inception, wich has been particularly committed to
decarbonizing the economy in recent years. By 2030, the
impact revolution will depend on our ability to
ensure that the greatest possible number of people benefit from
this impact: this is the meaning of ‘impact for all.’ A
positive global impact thanks to the power of local solutions
accessible to all: individuals for their
energy renovation projects, corporates for their
transition plans, local authorities in support of
their policies. We will play an active role in bringing together
local stakeholders, and will also lead local and regional
initiatives to protect our natural assets (water and forests).
- A GROUP WITH LIFELONG
INFLUENCE FOR its MILLIONS OF
AMBASSADORS
Groupe BPCE wants to develop
a cooperative shareholder base focused on action
with cooperative shareholders who are both involved in the lives of
their regional banks – by helping, for example, to define and
create new products – and receive recognition by having access to
special offers and services.
For its employees, Groupe BPCE wants
to become the ’place to be’ to enjoy professional
fulfilment and to be proud of their work in the banking and
insurance profession, by offering them diversified career
paths in human-sized banking houses, offering the best school in
banking professions, and a culture of performance underpinned by
solidarity between team members.
|
GOALS FOR 2026 |
|
+€500m in synergies from Financial Solutions &
Expertise business lines generated with the Group’s retail banking
networks (cumulative 2024-26) 15% growth in
renewable energy financing 20% growth in financing
for the social & solidarity economy, social housing and
public-sector entities 2/3 of individual
cooperative shareholder clients promote us as a bank
65% employer recommendation rate |
|
|
|
|
A MOVEMENT ALREADY UNDERWAY IN 2024 |
|
Premium Partner of the Olympic & Paralympic Games Paris
2024 |
Publication of action plans to decarbonize the highest emitting
sectors |
Campus BPCE, a professional development program for
our 100,100
employees |
|
|
|
|
of the Olympic & Paralympic Games Paris
2024Nicolas Namias, CEO of BPCE, said: “In keeping
with our cooperative values, we have defined with the different
companies of the Group a goal for long-term growth and
diversification, ‘VISION 2030.’ Thanks to our
powerful brands – Banque Populaire, Caisse d'Epargne, Oney, Banque
Palatine, Natixis CIB, Natixis IM – we enjoy a detailed
understanding of our clients’ various needs. Faced with the
increasing pace of the environmental, demographic, technological,
and geopolitical transitions currently transforming society and
that can, at times, create a feeling of uncertainty, Groupe BPCE is
mobilizing the strength of its local and regional presence, its
business lines and expertise to enable its clients, cooperative
shareholders, and employees to trust in the future before them.
Our new, ambitious and diversified growth model
embraces three major geographical circles – France, Europe, and the
World – and is founded on organic growth, acquisition-driven
growth, and partnerships. We have set ourselves several ambitious
goals for 2030: in France, we aim to become the bank for 1 out of
every 4 French people, and the No.1 bank for professionals and
businesses, to make housing and regional competitiveness two
strategic focus, and to become the 4th-largest insurance company in
France; in Europe, our goal is to build a leading financial
services specialist and a major player in payments; in the
international market, we want to strengthen our role as a global
player in transition management by developing front-ranking
positions in corporate & investment banking and asset
management. In all our business lines, we will launch the ‘impact
revolution,’ supporting all our clients thanks to the strength of
our locally-based solutions: generating ‘impact for all.’
We have given tangible shape to our goals by
defining a number of commercial, financial and non-financial
objectives to be reached by 2026, which, when taken together,
define our cooperative performance. We are keeping our solvency
requirements among some of the highest in Europe, with a CET1 ratio
in excess of 15.5%, and the goal of generating net income equal to
€5 billion.
Our Group is already on the move. We have
announced in 2024 a number of major projects that will notably
enable us to become the European leader in capital goods leasing
and, within a partnership, to create the No. 1 payment processor in
France and one of the top 3 in Europe.
With this ambitious vision for 2030, the
specific goals for 2026, and the movement already launched in 2024,
we are resolutely creating new momentum for growth. The women and
men of our companies who are currently, and enthusiastically,
supporting the extraordinary initiative of Paris 2024, demonstrate
every day their passion for new challenges! Together, we’ll ensure
the success of VISION 2030.”
|
FORGING OUR GROWTHFOR THELONG TERM |
GIVING OUR CLIENTSTRUST IN THEIR FUTURE |
EXPRESSING OUR COOPERATIVE VALUES IN ALL TERRITORIES |
|
In 2030, a Group... |
|
LeaderLeadership positions in France, Europe and
worldwide, underpinning diversified growth |
That enablesTwo priorities for a world in
transition: housing and territories competitiveness |
Proud and strong fromits many
facesEverywhere, our brands, regional banking houses and
expertise are combined to great effect |
|
OpenPartnerships that boost our growth model |
That protectsInsurance for all key milestones and
life phases |
With a positive impactA positive global impact
thanks to the power of local solutions accessible to all |
|
High-performerCooperative performance to chart our
growth over the long term |
That simplifiesSimplified relationship models
thanks to the best of human and digital solutions, enhanced by
AI |
With lifelong influence for its millions of
ambassadorsCooperative shareholders and employees, proud
of their Group and committed to its values in their everyday
lives |
TO SUMMARIZE
Vision 2030 : Our
markers
|
The bank for 1 in every 4 people in
France |
The leading provider of access to housing in
France |
|
N°1 bank for professionals and
corporates in France |
Fostering territorial competitiveness |
|
4th largest insurer in France |
The European leader in financial services |
|
The leading payments processor in France with a
top 3 position in Europe, in partnership |
Global player in transitions |
|
Impact for all |
Objectives 2026 A new
growth sequence
|
NBI CAGR* 24-26>5% |
Renewable energy financings
+15% |
|
Net Income (group share)~
€5bn |
Number of unique visits - Sustainable Advisory and
Solutions digital module6 million |
|
CET1 ratio>15,5% |
Local natural assetsover 30
natural ecosystems protected |
* CAGR: compound annual growth rate
Movement already underway in
2024: Our achievements
|
Ongoing acquisition of Société Générale Equipment
Finance (SGEF) geared to becoming the leading provider of
equipment lease financing in Europe |
Publication of actions plans to decarbonize the
highest emitting sectors |
|
Partnership underway to create the n°1 payments
processor in France, with a top 3 position in Europe |
10,000 employees using generative
AI |
|
New energy renovation services, thanks to a
partnershipwith the sector leader |
Campus BPCE, a professional development program
for our100,000 employees |
|
‘Banque du Sport’ and Premium Partner of
the Paris 2024 Olympic & Paralympic Gamesand official
sponsors of the Olympic and Paralympic Torch Relays |
ANNEXES
A ROADMAP FOR GROWTH FOR ALL OUR BUSINESS
LINES
1 • Banque Populaire and Caisse
d'Epargne
The banking group of 1 in of every 4 people
in France and the leading bank for professionals and
corporates
Retail banking centered on clients and on
the satisfaction of their needs:
Simple
Banks
offering hyper-personalization and freedom of
choice.Engaged
Banks that are “partners of
confidence” for life and with a positive impact on major
transitionsLocal
Banks present where and how our
clients want them, “100 % digital to 100 % physical”
High-performing regional banking
houses promoted by their clients
BANQUE POPULAIRE Engaged locally
for growth and the success
of all its
clients
- Affinity bank of
confidence for young people with
projects, for all professionals and
public service professions
- Bank for corporates:
co-pilot for day-to-day activities, a leading
banker supporting transitions and an advisory
banker for diversifying and preserving wealth
- Partner bank for agents in the
health industry and the blue
economy, expert in the industries of the future
|
CAISSE D’EPARGNE Open to
all
and useful to
everyone
- Bank for families and
the go-to partner for the regions, energizing
andunifying public and private stakeholder communities
- Pioneer bank for transitions,
assisting with the major challenge of housing and
changes affecting society and all economic actors – Social
& Solidarity Economy actors, corporates and
professionals
- Partner bank of confidence, a leader
in deposits & savings providing expertise,
security and protection every day
|
|
GOALS FOR 2026 |
|
+800,000 committed individual customers +
15% active professional clients and + 21%
active corporate clients≥15% growth in market
share in on- and off-balance sheet deposits & savings for all
households >27% of housing financed or managed
by the Group (primary residence, rental investment and social
housing)2/3 of individual cooperative shareholder
clients promote us |
|
|
|
2 • Insurance
All creators of peace of mind: to become
the 4th-largest insurer in
France
- A partner to our clients in all
their projects and all moments in their lives that, in the medium
term, will translate into a Top 5 position in the individual
retirement market
- Always present with our clients and
advisors, through the channel of their choice
- Protector of our clients and
territories in the face of accelerating transitions with, for
example, a property insurance range that takes account of changes
related to climatic risks, and a savings offer geared to
sustainable products
- “Made in BPCE” value creation,
notably by exploring opportunities for partnerships and
acquisitions-driven growth.
|
GOALS FOR 2026 |
|
45% of our individual clients protected by our
insurance solutions and 30% for
professionals29%: client’s equipment rate for life
insurance and/or pensions |
|
|
|
3 • Payments
Be the go-to player for payments and
point-of-sale financing, by asserting the essential nature of this
activity for our clients
- Simplified physical and digital
payment procedures for all our cardholders and merchant
clients
- The development of an ambitious
flow offering
- Industrial assets at the forefront
of technology and AI, guaranteeing competitiveness, innovation and
protection for our clients
- Grasp opportunities related to new
ecosystems and anticipation of regulatory changes
|
GOALS FOR 2026 |
|
5% CAGR in payment transactions
10% CAGR for Oney production |
|
|
|
4 • Financial Solutions &
Expertise
New horizons for a leading provider of
specialized financing solutions
- Leading position asserted for the
benefit of Banque Populaire and Caisses d’Epargne clients
- A more open and diversified
distribution model, notably in the international market, excluding
retail banking networks and for vendor activities in the equipment
leasing sector
- Enhanced operational
efficiency
- Innovation driven by our expertise, in
order to support the environmental transition
and design the
solutions of the future
|
GOALS FOR 2026 |
|
≥ 25% Percentage of Financial Solutions &
Expertise NBI outside France+ €500m (cumulative
2024-2026): additional NBI with Banque Populaire & Caisse
d'Epargne networks |
|
|
|
5 • Natixis CIB
Driven by talent, a corporate &
investment bank among the global leaders in its key areas of
expertise, through diversified growth, a positioning at the heart
of transitions and an adapted model
- Sustained growth of our franchises
in order to assert ourselves as one of the global leaders in our
key areas of expertise, notably by strengthening our coverage,
advisory and M&A activities to better satisfy our clients’
needs, and by stepping up our international expansion, particularly
in North America, APAC, and the Middle East
- Positionned at the heart of
transitions by developing strategic dialogue and ESG advisory
services
- Augmented “Originate to Distribute”
model, thanks to a multiplier effect on distribution, enabling us
to strengthen our origination capacity, particularly in
infrastructure
|
GOALS FOR 2026 |
|
+8% CGAR in revenues generated from clients
outside France Accelerated growth in green revenues:
1.5x the rate of CIB growth |
|
|
|
6 • Natixis IM
Be the preferred choice of our clients
by meeting their comprehensive need through active and
conviction-based investment strategies and solutions
- Extended our reach thanks to a
revamped distribution model that revitalizes our distribution
platforms
- Strengthened investment offering
adapted to our clients' objectives, with the development of our
private asset platform and the reinforcement of our ‘solutions’
offering for institutional and retail clients
- Critical mass attained in each area
of strategic expertise, particularly by setting up new partnerships
that will enable us to extend our know-how to the management of
captive assets such as insurance
- Improved client service thanks to
organizational rationalization and industrialization of our
infrastructure
|
GOALS FOR 2026 |
|
+15% growth in gross inflows via shared
distribution between 2023 and 2026+6% growth in
AUM on Private Assets |
|
|
|
A MOBILIZATION OF ALL TO ATTAIN OUR
GOALS
1 • Human resources
An employer with a lifelong
influence
Groupe BPCE wants to give people the opportunity to
flourish and be proud to invest themselves in the banking and
insurance profession by:
- Embodying a people-based model and
culture serving as sources of engagement, confidence and
performance,
- Offering one of the best skills
ecosystems through proactive management when sourcing and
developing expertise,
- Capitalizing on AI to simplify our
business models and enhance the quality of work of our
employees,
- Making 100% of our staff to be clients
and ambassadors* of our cooperative and ESG commitments
(*France).
|
GOALS FOR 2026 |
|
65% recommendation rate 50%
Percentage of women among managers/leadersBalance between
generation with a ratio greater than 15% of
juniors under the age of 30 and seniors over the age of 55 |
|
|
|
2 • Technology
Strong IT serving a resilient, innovative,
efficient and ethical group with major ambitions:
- Robust, high-performing technological
platforms continuously improved to respond to new needs
- Technological innovations (AI, open
banking, quantum) benefiting client and employee experiences
- IT services at the forefront of energy
sobriety
|
GOALS FOR 2026 |
|
Rate of obsolescence of IT facilities:
<10% NIST security rating (including
in-house tools): 3.5 |
|
|
|
3 • Artificial intelligence
AI serving performance and simplicity for
our clients and employees, with an ethical and responsible
use guided by three convictions:
- Human: AI will yield
benefits if the degree of appropriation is maximal
- Usage: creating
lasting value will depend on the quality of uses, with an ethical
AI
- Selection: a highly
selective approach to deployment in terms of business-line areas,
with a quick return on investment in 5 areas prioritized for 2026:
AI at the service of the account advisor and the simplification of
front-to-back processes; simplification of the digital client
experience with an amplification of mobile application services;
transformation of specialized client relations centers; fight
against fraud; AI for IT professions.
|
GOALS FOR 2026 |
|
50 % of staff users by
20261 euro invested, 1 euro gained in 3 years on
identified priority projects |
|
|
|
A TRAJECTORY FOR 2026
FINANCIAL GOALS
Sustainable growth in our business
lines
- Groupe BPCE : CAGR in NBI 2024-2026:
>5% supported by
- Retail Banking & Insurance CAGR in
NBI 2024-2026: ~6%
- CAGR for Global Financial Services NBI
in 2024-2026: ~5%
Acceleration in investment and in
operational efficiency
- Cost/income ratio:
~66%
- Net income (Group share):
~€5bn
Growth momentum with controlled
risks
- Contained cost of risk between 2024
and 2026: ~25bp of outstandings
One of the highest levels of solvency in
Europe
- CET1 ratio:
>15.5%
- Subordinated TLAC/MREL:
>25.5%
- LCR: >130%
NON-FINANCIAL GOALS
- 15% increase in
renewable energy financing to €12 billion
- 6 million visits to
our Sustainable Advice and Solutions
application
- +30 natural
ecosystems protected
- Steering decarbonization
trajectories of the 11 highest carbon emitting
sectors (electricity, oil & gas, automotive, steel,
cement, air transport, residential real estate, commercial real
estate, aluminum, agriculture, shipping)
- 5 green and social
bond issuance per year
- +8% increase in
financing for the social & solidarity economy, social housing
and public-sector entities
- 100% of our employees
and board members with ESG training (Impact Inside program)
About Groupe BPCEGroupe BPCE is
the second-largest banking group in France. Through its 100,000
staff, the Group serves 35 million clients – individuals,
professionals, companies, investors and local government bodies –
around the world. It operates in the retail banking and insurance
fields in France via its two major networks, Banque Populaire and
Caisse d’Epargne, along with Banque Palatine and Oney. It also
pursues its activities worldwide with the wholesale banking
expertise of Natixis Corporate & Investment Banking and the
asset & wealth management services provided by Natixis
Investment Managers. The Group's financial strength is recognized
by four financial rating agencies with the following senior
preferred LT ratings: Moody's (A1, outlook stable), Standard &
Poor's (A, outlook stable), Fitch (A+, outlook stable) and R&I
(A+, outlook stable).
Groupe BPCE press
contactChristophe Gilbert: +33 1 40 39 66 00
christophe.gilbert@bpce.fr
groupebpce.com
- 20240626_PR_BPCE_VISION2030_def