BPCE posts 38% profit surge in Q2 2026 after novobanco integration

BPCE reported a net profit of €1.3 billion for the second quarter of 2026, a 38 % increase year‑on‑year, and a record‑high PNB of €7.2 billion, up 13 % from Q2‑2025. The results reflect the integration of Novobanco, completed on 30 April 2026, which contributed to a 415 000‑client increase and €24 billion of new savings collected across its Banque Populaire and Caisse d’Epargne networks.

The bank’s CET1 ratio rose to 15.5 % and liquidity stood at €332 billion with an LCR of 141 %. Operating efficiency improved, with the cost‑to‑income ratio falling to 60.9 % in Q2‑2026, driven by disciplined expense management and a strong investment programme.