Strong 2019 results for Caisse des Dépôts

Caisse des Dépôts Bancaire

Caisse des Dépôts' aggregate earnings for 2019 are €2.7bn. This strong result shows the good performance of the business lines, subsidiaries and equity investments in an unprecedented economic context of low interest rates with a rebound in the equity market at the end of 2019. Caisse des Dépôts will be able to contribute €1.4bn to the French State budget.

Strong 2019 results, which allow us to act for our economy, our territories and our fellow citizens, and counter the crisis.

Eric Lombard

Chief Executive Officer of Caisse des Dépôts

The 2019 aggregate result of €2.7bn is made up of the attributable net profit of the central section, which amounts to €2.056bn, and the current income of the Savings Fund, which amounts to €679mn.

The aggregate result of the central section is up compared to 2018, with in particular :

  • a sharp increase in equity gains linked to the real estate portfolios (+€201mn) and the turnover of the Banque des Territoires' asset portfolios (+€149mn);
  • a favourable impact of market trends (+€266mn);
  • dynamic contributions from strategic subsidiaries (€328mn).

This result includes the impact of the merger with La Poste.

The Savings Fund strengthened its financial strength with a profit from ordinart activities of €679mn, despite a persistently low interest rate environment that weighed in particular on revenues from inflation-indexed products (-€627mn). It also includes the cost of exceptional interest rebates to social housing organizations under Housing Plan 2 (€150mn) and the exceptional increase in the bank accessibility fee paid to La Banque Postale (€50mn).

Caisse des Dépôts will pay €1.4bn to the State budget for its 2019 results, including €1,069mn for the central section result and €368mn for the contribution representing corporate income tax.

To find out more about the performance of the business lines, subsidiaries and equity interests, read the press release, the presentation, or access the dedicated mini-website (in French)


To find out more about the performance of the business lines, subsidiaries and equity interests : 


Read the press release


Read the presentation 


Or access the dedicated mini-website (in French)