La Poste's financial services a threat to mutual sector

A study carried out by the AT Kearney consultancy on behalf of the French government has found that plans by the French post office (La Poste) to enter the property finance, non-life insurance and consumer credit sectors would result in competition for the mutual sector, above all. The establishment most affected, says the study, would be the French rural bank Credit Agricole. The in-depth survey, which concerns the competition implications of an expansion of La Poste’s financial services, was submitted to the government in July.