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.

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Find all the documents about the financial and extra-financial performance of Banque Fédérative du Crédit Mutuel (BFCM) and Crédit Mutuel Alliance Fédérale.

Crédit Mutuel Alliance Fédérale's Key figures

These results stem from an excellent commercial performance in all regions and strengthened operating efficiency.

2023 Full-Year Results1

€16.1bn Net revenues

+2.8% vs December 2022

€9.2bn Operating expenses

+6.5% vs December 2022

€1.3bn Total cost of risk

+68.7% vs December 2022

€4.1bn Net income

+18.1% vs December 2022

108.5% Loan-to-Deposit ratio

vs 109.9% December 2022

57.1% Cost to income

vs 55.1% December 2022

0.24% Customer cost of risk

vs 0.17% December 2022

2.8% NPL ratio

vs 2.6% December 2022

18.5% CET12 ratio

vs 18.2% December 2022

162.8% LCR ratio (average)

vs 153.3% in 2022

2023 Half-Year Results

€8.0bn Net revenues

+4.0% vs June 2022

€4.6bn Operating expenses

+6.7% vs June 2022

€679mn Total cost of risk

+44.4% vs June 2022

€1.9bn Net income

-7.3% vs June 2022

110.8% Loan-to-Deposit ratio

vs 107.8% in June 2022

58.2% Cost to income

vs 56.7% in June 2022

0.24% Customer cost of risk

vs 0.19% in June 2022

2.7% NPL ratio

vs 2.5% in June 2022

18.5% CET1 ratio

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 Estimated ratio.

Banque Fédérative du Crédit Mutuel
4 rue Frédéric-Guillaume Raiffeisen
67000 Strasbourg

Financial Ratings
S&P A-1/A+ stable
Moody's P-1/Aa3 stable
Fitch Ratings F1+/AA- stable

Extra-Financial ratings
Sustainalytics : 19,7
Moody's ESG : 64

355 801 929-Strasbourg
Clearstream : 70323
ESES : Adhérent 181 et 381