France-based Groupe BPCE has launched BPCE Equipment Solutions, a new venture specialising in industrial equipment lease financing in Europe.
This launch follows the bank’s acquisition of Société Générale Equipment Finance (SGEF) and aligns with its Vision 2030 strategy for international expansion.
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With a portfolio of €15bn ($15.81bn) in outstanding financings, BPCE Equipment Solutions operates in 24 countries.
Supported by 1,600 employees, the new entity will work closely with equipment suppliers and manufacturers to develop tailored financing solutions that drive growth and innovation.
BPCE Equipment Solutions will offer integrated and customisable leasing and financing solutions backed by sectoral expertise in transport, industry, technology, medical equipment, and energy transition.
BPCE CEO Nicolas Namias said: “Within a year of announcing the project, we are very pleased to create BPCE Equipment Solutions and to receive 1,600 new staff into BPCE. I welcome them to our group.
“Already active in France, Spain and Italy through BPCE Lease, BPCE now becomes the European leader in the equipment leasing market. This development underlines our commitment to support the real economy and to respond to the practical needs of our clients by assisting them particularly with their environmental transition challenge.”
In addition, BPCE plans to integrate BPCE Equipment Solutions’ operations with its leasing subsidiary BPCE Lease to enhance the group‘s expertise.
BPCE Lease manages more than €20bn in outstanding financings across equipment and real estate leasing, long-term rentals, and renewable energy projects.
BPCE Equipment Solutions will become part of the financial solutions and expertise business unit, led by Fabrice Gourgeonnet, a member of the BPCE Executive Management Committee.
In conjunction with the launch, BPCE also appointed Odile de Saivre as CEO of BPCE Equipment Solutions while François Camilleri will serve as BPCE Lease CEO.
