French co-operative banking groups Caisse d'Epargne and Banques Populaires have decided that their proposed merger will combine their factoring and equipment leasing businesses. Stephane Paix, head of
Banque Palatine, the bank acquired in 2003 by French savings bank group Caisses d'Epargne from the Italian Sanpaolo group, is likely to be affected if a co-operation project goes ahead
When presenting the results for 2005 to the Supervisory Board of Euler Hermes on 22 March 2006, the Management Board confirmed the excellent results that the Group published on 3 March 2006: Turnover up 6.9 %