trending Market Intelligence /marketintelligence/en/news-insights/trending/H_HIerkRYarCDwTVP1DLHg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Crédit Mutuel Group's 2018 net profit rises 17.2%

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Crédit Mutuel Group's 2018 net profit rises 17.2%

Crédit Mutuel Group's 2018 net profit rose 17.2%, helped by a strong rise in revenues, cost control and a favorable comparison with 2017 when it took an exceptional tax charge.

The cooperative banking group, which derives most of its profits from retail banking at its regional banks, said net profit rose to €3.58 billion from €3.05 billion in 2017.

Excluding exceptional items, net banking income was up 0.3% to €17.53 billion, and retail banking revenues were 1.8% higher. Deposits grew 6.1% to €396.7 billion, while lending rose 8% to €467.4 billion.

Crédit Mutuel Group's common equity Tier 1 ratio, a measure of capital strength, stood at 17.5% at the end of December 2018, up from 17.3% a year earlier.