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 Half-Year Results1

€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 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

2022 Full-Year Results

€17.3bn Net revenues

+3.2% vs December 2021

€10.3bn Operating expenses

+5.3% vs December 2021

€768mn Total cost of risk

+5.6% vs December 2021

€3.5bn Net income

-3.6% vs December 2021

109.9% Loan-to-Deposit ratio

vs 104.6% December 2021

59.6% Cost to income

vs 57.4% December 2021

0.17% Customer cost of risk

vs 0.16% December 2021

2.6% NPL ratio

Stable compared to December 2021

18.2% CET1 ratio

vs 18.8% December 2021

6.6% Leverage ratio

vs 7.6% December 2021

153.3% LCR ratio (average)

vs 181.3% in 2021

116.1% NSFR ratio

vs 125.6% in 2021

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

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
Vigéo Eiris : 65
Sustainalytics : 21,2

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