Subsection 2: The banques populaires network

The Banques Populaires network comprises the Banques Populaires, the sociétés de caution mutuelle granting them exclusive guarantee rights under the Articles of Association and the Société de Participations du Réseau des Banques Populaires.

In order to guarantee the liquidity and solvency of the banques populaires network, the central body for savings banks and banques populaires referred to in Article L. 512-106 has at its disposal the guarantee funds recorded in the accounts of the société de participations du réseau des banques populaires, which, if used, it may decide to replenish by calling on the banques populaires to make the necessary contributions.