Positioning
Groupe BPCE, created in July 2009, is the result of the merger of Caisse Nationale des Caisses d'Epargnes' central institution (CNCE) with the Banque Fédérale des Banques Populaires' central institution (BFBP).
The merger-takeover of the holding companies BP Participations (Banques Populaires Participations) and CE Participations (Caisses d'Epargne Participations) with BPCE, which is the result of the transformation of CNCE and BFBP into equity investment holding companies, was implemented on August 5, 2010. It allows the simplification of Groupe BPCE's structure.
Crédit Foncier, of which Compagnie de Financement Foncier is a fully-owned subsidiary, is directly owned by Groupe BPCE.
Since August 5, 2010.