3 when the whole of the market decreased by 15

The year 2009 has signed the rise of La Banque Postale in housing credit. Next month, it will offer its first consumer credit. And next year, it will probably begin to be active in credits to SMEs. Long confined to the role of banker of modest and great collector of savings, the subsidiary of La Poste is their place in the credit market. Last year, it "put in force" 8.3 billion of mortgage to 123,000 homes, including one-third were young people from less than 30 years. This corresponds to an increase of 8.3, when the whole of the market decreased by 15. The Banque Postale has thus largely increased its market share, for the porter to 8 (against 6.3 in 2008) and this "with controlled risk", said Patrick Werner, President of the Executive Board. After pilots in two departments in December, the institution will also put on the market in April its offer of credit consumption, designed in partnership with Société Générale, "throughout the territory and on all channels."

But he already thinks of the suite: credit to entrepreneurs and SMEs, become its "priority", Nicolas Sarkozy recently paved the way in this area. The Banque Postale currently refining his record of approval. "Were improvising is not business banker, said Patrick Werner.". We are currently working to determine what form could take this competition, which will be may be different from that of other banks. In any case, it will not engage in a "blitz" in three weeks that we would make the shit.

Step of precipitation therefore, but La Banque Postale well exploit the full potential of this market, which represents a third of the Bank of detail in France. With or without palate, including "the sale is no longer current", dixit Patrick Werner. No question on the other hand to start lending to local authorities - "It's a profession that it is not known to do" - and therefore consider a reconciliation with Dexia.

Side savings, the subsidiary of the position rather well resisted the trivialization of the booklet. It lost $ 4.4 billion euros in outstanding on this popular product, accounting 123,000 requests for transfers and 250,000 fences. "It is not nothing, but this is not an earthquake", relativizes Patrick Werner, who recalled that the collection had been positive EUR 6 billion in 2008 and that stocks remain EUR 55.6 billion to 21 million customers. In life insurance, stock grew 8.5 to exceed EUR 100 billion.

"Not a concern."

On a chart, the result net group share almost doubled, to 588 million euros, for a net banking product (GNP) increased by 4 to slightly more than 5 billion euros. The coefficient of exploitation, which reported the GNP management fee, moves of 5 points, to 86.6, but there is still far from the "less than 80 " promised for the end of 2010 to the Cecei, the creation of La Banque Postale. "Our expectations were French accounting standards and were based on a number of assumptions (rate, commissions of the booklet) have evolved, said Patrick Werner.". In five years, as happened things - the trivialization of the booklet, the banking crisis, etc. - and we believe that this has weighed for 7 points of exploitation coefficient. "Conclusion:"the health of the Banque Postale is consistent with what was planned in the issuance of the approval and I do not think that we are a heavy concern for the authorities to control and place."