BPCE Equipment Solutions helps drive record 2025 for Groupe BPCE

Groupe BPCE reported record revenues and profits for 2025, with BPCE Equipment Solutions emerging as a key growth driver within the group’s fast-expanding Financial Solutions & Expertise division.

The French banking group said full-year net banking income rose 10% year-on-year to €25.7bn, while net income climbed 15% to €4.1bn, marking the strongest performance since the group was formed in 2009. In the fourth quarter alone, net income increased 21% to €1.1bn on revenues of €6.7bn.

BPCE Equipment Solutions, which has been consolidated within the group’s Financial Solutions & Expertise business since March 1, 2025, helped power a 33% surge in revenues across the division over the full year. The business, which focuses on equipment finance and leasing, benefited from strong demand from SMEs and corporates seeking to invest in productivity-enhancing assets despite a challenging macroeconomic backdrop.

The strong performance of BPCE Equipment Solutions underlines Groupe BPCE’s strategic push to expand its specialist financing capabilities across Europe as part of its Vision 2030 plan. The group said it is now rolling out the expertise of BPCE Equipment Solutions more widely across European markets, as it looks to support business investment and deepen its corporate client relationships.

At group level, momentum was broad-based. Retail Banking & Insurance revenues rose 14% in 2025 and 16% in the fourth quarter, supported by higher net interest margins and strong commercial activity across the Banque Populaire and Caisse d’Epargne networks, which together attracted 820,000 new customers over the year. Global Financial Services also delivered solid growth, with Corporate & Investment Banking revenues up 10% at constant exchange rates and Asset Management posting record net inflows of €40bn for the second consecutive year.

Cost discipline also improved materially. Groupe BPCE’s cost/income ratio fell to 65.6% for the full year and 64.8% in Q4, reflecting what the group described as a “highly positive jaws effect” as revenue growth outpaced cost increases. Capital and liquidity positions remained robust, with a CET1 ratio of 16.5% at end-December 2025 and liquidity reserves of €305bn.

Nicolas Namias, Chairman of the Management Board of BPCE, said the group had delivered its best-ever results while continuing to execute its long-term strategy.

“We have achieved our best results since BPCE was created in 2009, with net banking income of €25.7bn and net income up 15% at €4.1bn,” he said.

“With the well-paced execution of the Vision 2030 strategic plan, we are expanding our activities in three widening areas: in France, with our plans to set up a shared technology platform for the Banques Populaires and Caisses d’Epargne, with the launch of the first pilot bank operations in October last year; in Europe, where we are now rolling out the expertise of BPCE Equipment Solutions and preparing for the integration of novobanco in Portugal; and globally, with the development of Natixis CIB in Japan and the strengthening of Natixis IM’s distribution activities in the United States.”