Tag: France

La Poste prepares for launch of postal bank

La Poste, the French postal service, is preparing for the planned launch of its banking subsidiary in 2005. The main difficulty for the company is expected to be the provision of capital for the new bank; it has been estimated that La Poste would be able to provide up to 3bn euros in equity capital for the bank. This is thought to be sufficient to comply with the regulations.

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