EMCC European Monitoring Centre on Change

Louvre Banque Privée

Company/Organisation:
Louvre Banque Privée

Geographic Location

Country: France

Company

Sector: Financial services
Financial and insurance activities
64.19 - Other monetary intermediation
Number Employed: 470
Group: La Poste

Employment Effects

Announcement Date: 11-05-2022
Type of Restructuring: Business expansion
Employment Effect Start: 11-05-2022
Foreseen End Date: 31-05-2024
Planned Job Creation: 250

Additional Information

La Banque Postale, a French public bank, wants to accelerate the growth of its private banking subsidiary, renamed Louvre Banque Privée and as part of this development, it has announced the recruitment of 250 employees over the next three years. Newcomers will join the bank's current 470 employees. Louvre Banque Privée has set itself the goal of managing €25 billion in assets by 2025, compared with €14 billion at the end of 2021. This growth is based on strengthening the presence of this subsidiary on the ground with the opening of around one hundred "private banking" areas in post offices, mainly in medium-sized towns.

Sources: