|La Banque Postale headquarters|
La Banque Postale is a state-owned French bank. It focuses on retail banking and provides a wide range of products and services including current and savings accounts, term accounts, securities accounts, automatic savings plans and Debit/ATM cards. Its lending portfolio includes consumer and mortgage loans, car, motorcycle, yacht, boat and camper loans, student loans, bridge loans as well as credit cards, gift cards and gift certificates. It also offers retirement plans, life insurance, complementary health insurance (CHI), pet health insurance (PHI), long-term care insurance (loss of independence), car and home insurance, personal accident insurance (PAI), funeral and death Insurance, legal protection insurance (LPI) as well as repatriation insurance for people from Maghreb (Tunisia, Algeria and Morocco). Additionally, it offers investments, wealth planning solutions and online banking. La Banque Postale is organised around 3 centres of activity: retail banking, insurance, and asset management. With 17,000 full-time employees, it serves about 30 million retail and business customers through the largest local network with over 17,100 retail outlets including more than 10,300 post offices and 6,350 ATMs. The Bank was formed in January 2006 and operates as a subsidiary of La Poste, the mail service of France. After the government, La Poste is the second largest employer in the country. As of December 2013, La Banque Postale had over €205 billion in total assets, €297.1 billion in total deposits, €57.8 billion in total loans and 7.43 million of payments cards.
Credit Ratings (August 2012)
|Standard & Poor’s||Fitch|