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
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
France
Financial Ratings
S&P A-1/A+ stable
Moody's P-1/Aa3 stable
Fitch Ratings F1+/AA- stable
Extra-Financial ratings
ISS ESG : C
MSCI : AA
Vigéo Eiris : 65
Sustainalytics : 21,2
RCS
355 801 929-Strasbourg
Swift : CMCIFRPA XXX
Clearstream : 70323
ESES : Adhérent 181 et 381