BRED: BANKING WITHOUT DISTANCE
BRED is a cooperative banque populaire, boasting 200,000 cooperative shareholders, €4.4 billion in equity, and 5,500 employees – 25% of whom work outside France in French overseas territories. Its core business activity is commercial banking in mainland France, working through its regional offices in Île-de-France, Seine-et-Marne/Aisne, and Normandy, as well as Reunion Island, Mayotte, Guadeloupe, the Northern Leeward Islands, Martinique and Guyana.
In its role as a bank actively committed to its territories, it operates a network of 114 offices and 322 branches in France, 16 business centers, 13 wealth management circles and a circle dedicated to wealth management. It develops long-term relationships with more than 1 million customers. BRED Banque Populaire, pursues a wide range of activities within BPCE: retail banking, corporate & investment banking, private banking, foreign banking, asset management, trading room, insurance, and international trade finance.
It also operates as a commercial bank through its banking subsidiaries in Southeast Asia, the Pacific and the Horn of Africa. In 2018, BRED generated consolidated net banking income of €1,191 million (+3.4%). If exceptional items are excluded, net banking income rose 4.6% to reach €277 million, up 8%.