BFCM is at the core of the Crédit Mutuel Alliance Fédéral group, a French mutual group made up of 14 regional federations, supported by two networks (Crédit Mutuel and CIC) whose main activity is Bancassurance.
Its capital is 91.7% owned by Caisse Fédérale de Crédit Mutuel.
As the holding company, BFCM owns all the group's subsidiaries outside the mutualist scope. These subsidiaries cover the fields of bancassurance, specialized financial services (consumer credit, leasing, etc.), electronic banking and IT. It acts as a central refinancing unit and consolidates all the activities of Crédit Mutuel Alliance Fédérale outside the mutual scope.
Crédit Mutuel Alliance Fédérale's Key figures
18.5% CET1 ratio2
vs 18.1% in June 2022 (reported)
6.9% Leverage ratio
vs 6.6% in June 2022
164.4% LCR ratio (average)
vs 153.3% in 2022
117.4% NSFR ratio
vs 118.5% in June 2022
1 As of January 1, 2023, Crédit Mutuel Alliance Fédérale applies IFRS 17 “Insurance Contracts” at the Group level as well as IFRS 9 “Financial Instruments” for its insurance entities. In order to have a consistent reference, the data for the first half of 2022 has been restated on a pro forma basis
2 The incorporation of the net income into the regulatory capital is subject to ECB approval