BRED IT (Thailand) Ltd. is a wholly owned subsidiary of the French bank BRED Banque Populaire based out of Paris.
BRED IT was established in 2008 to become an IT hub and deliver IT operations and support for BRED Group Commercial Banks in South East Asia and Pacific Ocean areas.
Today, it supports Banque Franco Lao in Laos, BRED Bank Cambodia, BRED Bank Vanuatu, BRED Bank Solomon Islands, BRED Bank Fiji and Banque pour le commerce et l’industrie – Mer Rouge (BCIMR) in Djibouti (Africa).
BRED IT provides end to end Infrastructure and Applications management around Core Banking, Internet Banking and E-Payments.
BRED IT has also operated an offshore development center (specialized in Cobol & Java) for Paris headquarters since 2011.
We are a unique company, thanks to our identity and our history: We place our expertise at the service of BRED Group and develop our activities with an entrepreneurial structure. By putting BRED group best interests first, it allows us to deliver tailor-made solutions with high value-added.
BRED Banque Populaire, a cooperative bank with shareholders’ equity of €2.9 billion and 140,000 cooperative shareholders at the end of 2014, is the largest commercial bank within the BPCE group. lt employs 5,000 people, of whom 20% abroad and in the French overseas collectivities. lts core business is commercial banking in France (Paris region, Aisne, Normandy and the French overseas departments - La Réunion, Mayotte, Martinique, Guadeloupe and Guyana) and in French overseas collectivities, and at international level where it pursues a strategy of targeted growth in the Horn of Africa (Djibouti), the Pacific region (New-Caledonia, Vanuatu and the Fiji Islands) and Asia (Laos and Cambodia).
As a local bank committed to the regions it serves, BRED operates in France through a network of 335 branches (including 76 in the French overseas departments), 16 business centers (including 5 overseas), 6 centers BRED Premier (including 5 overseas), 11 centers of patrimonial expertise (including 3 overseas), a circle dedicated to the asset management and finally 4 professional centers overseas.
lt focuses on building long-term relationships with its nearly one million customers: individuals, sole traders, small retailers, self-employed professionals, high net-worth individuals, SMEs and mid-tier companies, and large corporate and institutional customers. ln addition to day-to-day banking services, loans and investment products and services, it offers all its customers access to the products and services of its trading desk and of its insurance company, as well as those of Groupe BPCE's specialised subsidiaries. BRED is reputed for its capacity to innovate, reflected in the creation of customised services with strong added value, in areas such as payment flows, e-commerce and private wealth management.
lts strong performance in 2014, with net banking income up by 1.8% to €972.3 million and a 9.7% increase in net profit attributable to equity holders of the parent to €200.4 million, and solid solvency ratios (13.64% under Basel 3 phase in) give it a strong base for continuing to grow, as it serves its customers and cooperative shareholders and finances the economy and local development.