BPCE: reaffirms its commitment to the Defense sector

(CercleFinance.com) - The Group reaffirms its commitment to financing companies in the defense sector in France.


The Group says it plays an active role in supporting the defense industrial and technological base (BITD), and has increased its commitments to the sector by a factor of 2.5 (to 7.3 billion euros) and its support for French equipment exports by a factor of more than 7 (to more than 1.2 billion euros) over the last three years.

Nicolas Namias, Chairman of the Management Board of BPCE, comments: "Our business is to finance the country's essential equipment and infrastructure. With all its businesses, notably the Banques Populaires, the Caisses d'Epargne and Natixis, Groupe BPCE already contributes 20% of the financing for the defense sector in France, and is committed to further intensifying its support for companies in the DITB, from major contractors to SMEs and ETIs'.

To this end, we are deploying tailored solutions and offers, both in terms of financing, particularly for cash flow requirements, and investment in the equity capital of these companies' adds Nicolas Namias.

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