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Report: Orange will open bank in France, CEO says

Jul 29, 2015 - SNL European Financials Daily

Orange will open a bank in France at the beginning of 2016, the French telecommunications group's chairman and CEO told Le Figaro on July 24.

Orange will launch the venture with a French banking partner, Stéphane Richard reportedly said, without identifying who that might be.

Orange appointed Laurent Paillassot, its deputy CEO in charge of customer experience and mobile banking, to oversee the project, Le Figaro added.