Subsection 2: The Banque Fédérale des Banques Populaires.

The central body of the caisses d’épargne et des banques populaires may authorise the banques populaires to incorporate a portion of their reserves into their share capital. Such incorporation may only take place at the time of a capital increase, of which no more than half may be effected by such incorporation and the remainder by cash subscription. In addition, the fraction of reserves incorporated in this way may not…

The training of managers organised by the Fédération nationale des Banques populaires in conjunction with the central body of the Caisses d’épargne and Banques populaires is taken into account in the application of the provisions of articles L. 612-23-1 and L. 511-51.