
French Banque Postale targets 25 pct client rise in 5 yrs
Newly created Banque Postale, a unit of French post office La Poste, said it aims to increase its client base by 25 pct by 2010, to 10 mln clients, and that it will launch a line of life insurance products. The bank was created Jan 1 from La Poste’s financial services activities after it was authorised to engage in additional banking services amid opposition by French commercial banks.