BRED

BRED is a cooperative people's bank, supported by its 200,000 members, €5.0bn in equity and 6,000 employees, 25 % of whom work outside mainland France and the French Overseas Departments. It operates in the Greater Paris region, Normandy and in the French Overseas Departments, as well as in South East Asia, the South Pacific, the Horn of Africa and Switzerland via its commercial banking subsidiaries. As a community bank with strong ties in local areas, it has a network of 475 business sites. It maintains a long-term relationship with 1,3 million customers. As part of the BPCE Group, BRED Banque Populaire operates in various activity sectors: retail banking, corporate banking for large - cap companies and institutional investors, wealth management, international banking, asset management, trading, insurance, and international trade financing. In 2020, BRED reported consolidated NBI of €1.28bn, up + 2.5 %, and net income of €270m.