Crédit Mutuel
French cooperative bank / From Wikipedia, the free encyclopedia
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Crédit Mutuel is a French cooperative banking group, one of the country's top five banks with over 30 million customers. It traces its origins back to the German cooperative movement inspired by Friedrich Wilhelm Raiffeisen in Alsace–Lorraine under German rule, in the 1880s. Crédit Mutuel was a member of the International Raiffeisen Union (IRU).[2]
Quick Facts Company type, Industry ...
Company type | Credit union |
---|---|
Industry | Financial services |
Predecessor | 27 February 1882; 142 years ago (1882-02-27) first bank based on the Raiffeisen model |
Founded | 10 September 1947; 76 years ago (1947-09-10) first cooperative bank of Crédit Mutuel |
Headquarters | , France |
Key people | Nicolas Théry, President of the National Confederation and of Crédit Mutuel Alliance Fédérale; Julien Carmona, president of Crédit Mutuel Arkéa |
Products | Banking, corporate banking, private banking and insurance |
Revenue | €20.4 billion (2022)[1] |
€7 billion (2022)[1] | |
€4.1 billion (2022)[1] | |
Total assets | €1.108 trillion (2022)[1] |
Total equity | €68.6 billion (2022)[1] |
Number of employees | 83,636 (2022)[1] |
Website | creditmutuel |
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Crédit Mutuel has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[3][4]