BRED is a cooperative bank boasting 200,000 cooperative shareholders, €5.8 billion in shareholders’ equity, and 6,300 employees, 30% of whom work outside of France and in the French overseas communities. It provides banking services in Île-de-France, Normandy, and the French overseas départements as well as in Southeast Asia, the South Pacific, the Horn of Africa, and Switzerland via its commercial banking subsidiaries. In its capacity as a retail banking institution committed to its territories, it runs a network of 475 branches, including 75 outside of France. It cultivates long-term relationships with more than 1.3 million customers.
A member of Groupe BPCE, BRED Banque Populaire pursues a wide range of activities: retail banking, corporate & investment banking, private banking, insurance, asset management, private equity, trading room, and international trade finance.
In 2021, BRED generated consolidated net banking income of €1.46 billion (+13.5%) and its net income amounted to €412 million, up 52.7%.
BRED is notably committed to equal opportunities – a key factor in social cohesion – by facilitating access to knowledge and employment. In particular, it is a founding member of the Fondation des Ecoles de la 2e chance, the Foundation of 2nd-chance schools that provides tailor-made support to young people who drop out of the school system without obtaining any diplomas or qualifications.
Since 2019, BRED has also been actively supporting the HEC Stand Up program, an initiative providing entrepreneurship training to women with ambitious projects in metropolitan and overseas France.
One of the highlights of 2021 was BRED’s role as the principal partner of the Jacques Vabre transatlantic race linking Le Havre in Normandy to Fort-de-France in Martinique, two of the territories served by the bank. This provided an opportunity to emphasize BRED's strong, more than 100-year attachment to the territories in which it is deeply rooted, along with its contribution to economic and social development in line with its values as a cooperative bank.