Mittal is not the first global steelmakerAnd above all it has already been proven733 fraud constituting a prejudice to EUR 85The map and the territory is already a bestsellerIn the immediate future the tube What I feel is especially demanding for earsThese restrictions were not cooled TrenitaliaThe main subject of opposition concerns by George w9 watts points out satisfied Maxime LanquetuitIt is found barely grimée differently under several facesThis is normal and better it is healthyThe pattern of the postal credit institution claims the specificity of its bank created on January 1, "hyphen between missions of general interest and the market". He wants to commit as soon as possible the expansion of its commercial line (consumer credit, microcredit) and stressed that the Banque Postale derives no financial benefit of the distribution of the Livret A.
The Banque Postale was created four months ago. That is what it has changed
Obtaining bank certification reflects our ability to reconcile the basic tasks of the position with the rules of the market. It is a reason for pride for our teams. As our clients, they perfectly understood that La Banque Postale, it was all that already offered financial services of La Poste, plus additional services.
How your mortgage without prior saving activity has started
In accordance with our expectations, both in structure and volume. Our goal is to expand as quickly as possible, by the end of the year, our range to any type of real estate credit, including destination of investors (fine in loans and financing of SCI shares), to free up capacity to carry out other projects. This objective should soon be achieved.
You already think about an extension of your range in the consumer credit...
It must be that we are able to work as soon as possible. From the moment we have received the green light from the State, we believe that need us about two years to be ready to launch our offer. We will propose these credits in partnership with a specialist in the consumer credit. We must therefore choose the partner with which we will create a joint venture, construct the range, set prices, implement safeguards to avoid the problems of debt overhang, then train the staff and the hierarchy of the postal network. As a comparison, we had developed two years to prepare our entry, indeed very successful market foresight.
Why such a haste
At a time where 40 of the French do not have access to consumer credit, cannot fail to say that the Postal Bank and the network of post offices would be able to, at least partially, to remedy such a situation, helping to expand the market. We would be even more entitled to propose such credits that the Act of May 20, 2005, the postal regulation gives us mission to propose services and financial products "to the greatest number". At the time of bank reconciliations, with competitors increasingly concentrated, ensure to strengthen La Banque Postale, or in any case to not weaken.
Are there other markets on which you want to be allowed to intervene
At the time of the crisis of the suburbs and the fight against unemployment, we would like to make our stone to the development of microcredit. All specialized associations are convinced that La Banque Postale and the postal network, with some 1,500 offices in sensitive urban areas, have much to offer in this area. We are ready to intervene significantly, since we now have the banking structure required to do so. We consider that this is in our missions. Furthermore, the insurance, at least on certain products, is practised by all our major competitors.
Is there not a contradiction between your positioning of Bank for all and your recent tariff increases
We knew that the first evolution of La Banque Postale rates would be considered carefully, and we would have been of poor managers if we decided to make a speeding just before the radar! Fares come into effect on July 1 are in the right line of what we have done in recent years for financial services of post. They remain consistent with our position, which is to remain the least expensive network banks, at least for small and medium-sized populations. This tariff moderation, this accessibility is one of the bases of La Banque Postale, and this, in a sustainable manner.
Is there a postal Bank in Europe which you inspire you
There are relationships among postal banks in Europe, of which the principal is the indissoluble link between the Bank and postal network. But we have created our own model, taking into account our specific characteristics and those of our market in France. It is a hyphen between missions of general interest (home, fight against banking exclusion) and the market. We to prove its effectiveness.
What is your main improvement of the coefficient of operating lever
Control loads, first: the costs of financial services of post centres are already virtually stable in current euros for a few years. The pyramid rather favourable in the coming years. We intend to further improve productivity and service to the client through re-engineering of procedures, reorganization, modernization of information systems.
Development, then. In addition to the extension of the range, it passes through organic growth, and why not, external. Our low rate of debt (289 million to our mother house post to put in relation with our own funds EUR 2.5 billion) would allow us to conduct such operations.
Are you applying for a recovery of the real estate credit of France
Expect to know in what legislative environment it will evolve. That said, our duty is to ensure the future of La Banque Postale. We are attentive to any developments of the actors in our market and any record which could contribute to our development, as it would respect the ratios on which we are committed.
Fear you a trivialization of the distribution of the booklet claimed in Paris and Brussels by several banks
I note first that this issue is not new. It was raised several decades ago. Proponents of commonality have chosen the path of the action; should they go to their term.
We are comfortable with the booklet A de La Banque Postale. It plays an essential role in the exercise of our missions of general interest, and in particular in the fight against banking exclusion. Indeed, in the folder that we introduced in Brussels in the creation of the Bank, we have stated as "service of general economic interest". This implies for us to work to open on the outcome of this activity book. Two successive declines management boards in which we have been applied in 2005 have made this activity, already very tense previously, strongly deficit for La Banque Postale. It draws no advantage, far from it.
On the merits, it must take into account all of the data of the issue, all dimensions of the booklet: treatment of banking exclusion, the financing of social housing, the balances of the Banque Postale for the sustainability of its missions. The libretto has existed since 1818, it is much more than a trivial financial product.
Will you ask a place in the Executive Committee of the FBF, even navigate the main supporters of a trivialization of the booklet.
The statutes of the FBF reserve the Executive Committee at the founding members. This also applies to other institutions such as HSBC or Dexia. We were very well received in the FBF. All committees or commissions we have open. We sit there to contribute and influence the positions taken by the professional organization. I also sits on the Board of the AFB and I willingly accepted to chair the Committee working on the fight against money laundering.
What consequences might have for La Banque Postale, an evolution of the capital of CNP Assurances by NatIxis operation
This issue is not on the agenda of the day: the life of Caisses d'Epargne is clearly excluded from the perimeter of NatIxis and recent NOC insurance supervisory board, its unanimous members reaffirmed their commitment to the stability and sustainability of CNP Assurances. In addition, remember that the La Poste Group and Caisses d'Epargne, since 2001, filed their NOC insurance interests in a common holding, Sopassure, which is that we are talking with one voice in the Council of CNP Assurances. We will apply so faithfully commercial contracts and the Pact which binds the principal shareholders of CNP Assurances.
