Crédit Mutuel and BNP Paribas agree on a strategic and industrial partnership in remote surveillance

• The acquisition by Euro Protection Surveillance (Homiris trade name), Crédit Mutuel’s remote surveillance subsidiary, of 100% of the capital of BNP Paribas’s remote surveillance subsidiary, Protection 24,
• The simultaneous acquisition by BNP Paribas of a minority stake in the capital of Euro Protection Surveillance (EPS),
• The putting in place of a long-term distribution agreement that will enable BNP Paribas to offer EPS's Homiris solutions to its customers in France and in Belgium through its subsidiary BNP Paribas Fortis.

This strategic and industrial partnership consolidates EPS as the leader in the French remote surveillance market with nearly 600,000 subscribers. Combining the skills and resources of EPS and Protection 24 with the force of the Crédit Mutuel¹, CIC and BNP Paribas networks in France and of the Beobank and BNP Paribas Fortis networks in Belgium, will enable EPS to continue to expand strongly in the remote surveillance market with an increasingly competitive offer of products and services.

Daniel Baal, CEO of Crédit Mutuel Alliance Fédérale, and Frantz Rublé, Chairman of Euro-Information, the Crédit Mutuel IS company and joint shareholder of EPS, said: "Crédit Mutuel, CIC and Euro-Information to announce the conclusion of this strategic partnership with BNP Paribas in remote surveillance. This partnership will enable our networks, subsidiaries and Homiris distributors to offer their customers the best remote surveillance service in France and Belgium."

Thierry Laborde, deputy COO of BNP Paribas, and Marguerite Bérard, head of French Retail Banking at BNP Paribas, said: "In a remote surveillance sector with strong potential, this strategic partnership will enhance our ecosystem of home services in France and Belgium. It will enable us to offer comprehensive and competitive solutions to meet our customers’ needs in both these markets".