Luxembourg - Caisse d'Epargne & European Investment Bank - postcard c.1970s

• Postcard

   

• Picture / Image:  Luxembourg - Caisse d'Espargne et Banque Europeenne d'Investissement
• Publisher: Kraus, Luxembourg
• Postally used: no
• Stamp:  n/a
• Postmark(s): n/a
• Sent to:  n/a
• Notes / condition: 

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Text from the free encyclopedia WIKIPEDIA may appear below to give a little background information (internal links may not  work) :

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Groupe Caisse d'épargne is a French semi-cooperative[dubious – discuss] banking group, founded in 1818, with around 4700 branches in the country. The group is active in retail and private banking, as well as holding a significant stake in the publicly traded investment bank Natixis.

The group's most notable brand is the Caisse d'épargne network of mutual savings banks. Along with La Banque Postale and Crédit Mutuel, the bank shared the rights to offer the popular Livret A savings accounts, backed by the French government until January 1, 2009.

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'épargne 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'épargne and Groupe Banque Populaire currently hold an equal stake of 35.25%.[1] Groupe Caisse d'épargne 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.[2] It was the fourth French bank and the twenty-fifth bank in the world by total assets in 2008.[3]