Published on February 28, 2023

La Banque Postale 2022 Annual Results

La Banque Postale Group posted solid business and financial results for 2022, delivering profitable growth in line with its strategic plan for the period to 2025.

2022 by Philippe Heim, La Banque Postale’s Executive Board

The Group is reaping the benefits of its diversification strategy, becoming a major European bancassurance group present across all business segments and a leader in impact finance.

Important milestones were achieved during the year, with the acquisition of 100% of CNP Assurances, the operational launch of our corporate and investment bank, and the establishment of our wealth management business led by Louvre Banque Privée.

We also pursued the Group’s conversion to a more digital, more diversified and more customer-centric model.

In last year’s inflationary environment, we proposed offers that supported the purchasing power of our customers in France, consisting of more responsible, innovative and inclusive products and solutions aligned with La Banque Postale’s image as an engaged institution committed to sustainability.

Finally, by promoting some of the most ambitious climate commitments in the sector, La Banque Postale is one of the few banks in the world to have obtained an A score from the CDP based on our low-carbon pathway approved by SBTi.

Emphasising its difference, our bank has responded to the expectations of its customers and society as a whole concerning the just transition.”

Solid financial results in 2022

  • €1,060


    Book attributable net profit

  • €9,516


    Higher business line net banking income

  • 18%

    Contribution of international activities to net banking

    income up

Significant progress on implementing the strategic plan

  • Inclusive innovations in favor of purchasing power (first bank to offer free instant bank transfers) and the environment (launch of the Prêt Avance Rénovation)

  • New momentum in Wealth Management, driven by the launch of the private banking unit with Louvre Banque Privée as centre of expertise. Development potential mobilised in Wealth management (€73 billion in assets under management as of end-2022)

  • Faster development of the Asset Management business with the entry into exclusive negotiations for the project of acquisition by LBP Asset Management of 100% of La Financière de l'Echiquier and extension of industrial Asset Management partnerships with BPCE, with the sale of LBP AM’s 45% interest in Ostrum AM and La Banque Postale’s 40% interest in AEW

  • Faster diversification in the Consumer Finance market, with the launch of Django

  • Final stage in the creation of a major bancassurance group. Public tender offer to acquire all of the shares in CNP Assurances

  • Development of open model distribution in international markets. In Brazil, acquisition by CNP Assurances of 100% of CNP Consórcios, Odonto Empresa in 2022 and 100% of Holding Seguros, Previsul and CNP Cap in early 2023. In Italy, acquisition by CNP Assurances of 100% of CNP Vita Assicura S.p.A, to support development of the local distribution partnerships

  • Operational launch of the Corporate and Investment Bank on 1 January 2022

Leadership in impact finance affirmed

  • Mission-led company status adopted with ambitious commitments

  • Paris Agreement-aligned low-carbon pathways for the carbon-intensive sectors, approved by SBTi

  • Top worldwide across all non-financial ratings; La Banque Postale was awarded the prestigious A score by the CDP for its commitment to tackling climate change, for the second year running


After seamlessly executing its strategic plan over the last two years, La Banque Postale intends to achieve a new milestone in its transformation in 2023, in a still difficult financial environment. Three accelerators will be used to drive change in the business model and affirm the Group’s position as a leader in impact finance:

To become France’s favourite bancassurer and to be on the podium of customer satisfaction by 2025, La Banque Postale has set the following objectives:

  • Be a leader in retail banking in France through a synergy-rich and high value-added bancassurance model, relying on the proximity and accessibility of the post office network, benchmark digital and multi-channel experience and a younger customer base interested in buying several different products;

  • Accelerate the development of its growth drivers in the areas of international bancassurance, Corporate and Investment Banking and asset and wealth management;

  • Develop new, more open BtoC, BtoB and BtoBtoC models that are holistically customer-centric.