The acquisition represents a cornerstone of the group’s ACT 2028 roadmap, which identifies Germany as a primary theater for its European expansion. While financial details remain undisclosed, the bank noted that the purchase will result in a 20-basis-point reduction in its Common Equity Tier 1 ratio upon completion.

Chief Executive Olivier Gavalda emphasized that integrating the century-old institution allows the group to deepen its reach into the Mittelstand, the backbone of the German economy. By absorbing a franchise recognized for its long-standing sector expertise, the French group gains immediate proximity to German industrial clients, bypassing the slow process of organic growth in a highly competitive market.