creation of a new Sgaps in sight

The Autorité de la concurrence authorised, in a decision of April 25, the creation of a social insurance group company (Sgaps) between the mutual insurance company of the BPCE group (Banque populaire Caisses d’épargne) and the Caisse générale provident funds of savings banks (CGP).

A new prudential group should be created on January 1, 2023. BPCE Mutual and the General Provident Fund of Savings Banks (CGP) are in the process of carrying out the necessary steps to create a Sgaps.

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