La Banque Postale Eyes Retail, Asset Management M&A in Europe

La Banque Postale SA is seeking to do something unusual for a bank steeped in rural France -- launch out into European M&A.

The publicly-owned lender, a subsidiary of France’s mail-service operator La Poste, is aiming to generate 20% of its revenues outside France by 2025. That could come through selling services such as corporate leasing, or through the acquisition of a network to distribute products from its subsidiary CNP Assurances, Chief Executive Officer Philippe Heim said in an interview

“Conceptually, mixing a retailer with a life insurance or an asset-management engine makes sense, because then we straight ...