The Post Office Wants To Register With A Private Bank

2020-06-03   |   by CusiGO

It’s a very small deal, there may be other deals. Last week, BPE, postal bank’s private bank, announced the acquisition of lbpic, a subsidiary of its parent company that specializes in the real estate investment committee. The company was founded in 2010, 50 employees, turnover of 14 million euros. Jean Marc Ribes, chairman of BPE’s board of directors, commented that “this action strengthens our competitiveness in the on-site real estate investment market and complements our private banking proposal”.

In fact, the transaction is to transfer one subsidiary to another within the same group, namely postal bank. However, it shows the rise of an institution that wants to have a place in a very closed private banking market. Now all the big files in the square are quoted