BRED Bank is 91 years old and belongs to France's second largest banking group. Known in France as BREDBanque Populaire, the bank launched its services in Fiji on November 3.
BRED Bank is the largest regional bank within Groupe Banque Populaire Caisses d'Epargne and has 121,500 cooperative shareholders. The bank employs 3897 people and has a solid financial structure that includes $2.1 billion or 957.9 million Euros net banking income.
It operates a local bank in Paris, Normandy and French overseas departments and territories and has established its reputation for lasting relationships with its 905,000 customers around the world. Its global operation has approved loans and advances to customers to the tune of $30.8 million across its 357 branches and specialised centres. BRED Bank has 330 local branches, of which 254 are in France and 76 in French overseas territories. The bank increased by 5.5 per cent its lending to businesses last year.
Groupe BPCE, the mother body of the bank, was founded in 2009 and serves 36 million customers of whom 8.1 million are cooperative shareholders of the bank. The group employs 117,000 people and finances 20 per cent of the French economy.
The group has 8000 bank branches and a net banking income of $52.8 million. Doubtless, the group is the most preferred banking partner for French retail and business centres.