On Monday 26 July, the European Commission authorised compensation of €1.77 billion for La Banque Postale to continue to provide the service of general economic interest (SGEI) of banking accessibility in France during the period 2021-2026.
The Commission had already authorised two SGEI mandates for La Banque Postale in 2013 and 2017.
The French authorities impose a number of obligations on La Banque Postale in relation to the distribution of the Livret A, to ensure easy access to a basic...