BFCM is at the core of the Crédit Mutuel Alliance Fédérale 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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Crédit Mutuel Alliance Fédérale's Key figures

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

2024 Half-Year Results

€8.3bn Net revenues +3.4% vs June 2023

€4.7bn Operating expenses +1.3% vs June 2023

€957mn Total cost of risk +41.1% vs June 2023

€2bn Net income +3.5% vs June 2023

109.4% Loan-to-Deposit ratio vs 110.8% June 2023

57.1% Cost to income vs 58.2% June 2023

0.35% Customer cost of risk vs 0.24% June 2023

3.1% NPL ratio vs 2.7% June 2023

18.5% vs 18.5% in June 2023

178% LCR ratio (average) vs 162.8% in 2023

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% CET1 ratio vs 18.2% December 2022

7.1% Leverage ratio vs 6.6% in 2022

162.8% LCR ratio (average) vs 153.3% in 2022

115.1% NSFR ratio vs 116.1% in 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.

Banque Fédérative du Crédit Mutuel

4 rue Frédéric-Guillaume Raiffeisen
67000 Strasbourg
France

Financial Ratings

  • S&P A-1A+ stable
  • Moody's P-1A1 stable
  • Fitch Ratings F1+AA- stable

Extra-financial Ratings

  • MSCI: AA
  • Sustainalytics: 19,7
  • ISS ESG: C
  • Moody's ESG: 64

Correspondant Banking

  • RCS 355 801 929-Strasbourg
  • Swift: CMCIFRPA XXX
  • Clearstream: 70323
  • ESES: Adhérent 181 et 381