2024-03-01 18:07:18
The La Poste subsidiary lost 321 million euros in banking activities in 2023. Riccardo Milani / Hans Lucas via Reuters
Its boss, Stéphane Dedeyan, announced a cost rationalization plan of 200 million euros for 2024.
The year 2023 was difficult for La Banque Postale. Certainly, the subsidiary of the La Poste group, which has now fully integrated CNP Assurances, recorded a net profit of 995 million euros, up 36.5% over one year. But this performance is attributable to the good health of CNP Assurances, which generated a net profit of 1.55 billion euros in 2023 (up 65%). An amount one and a half times higher than that of the entire Postal Bank group. Who also received 2 billion euros in dividends from the insurer.
The year was complicated for the banking activities of the bancassurance group: they overall lost 321 million euros in 2023 (after a loss of 76 million euros in 2022). The hole is particularly big in the retail banking activity, which remains very dominant in the public bank with 20 million customers. Conversely, other banking activities – asset management, wealth banking and financing banking…
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