BFCM - 2024 Full Year Results

2025-02-07 06:01:30

(MENAFN- GlobeNewsWire - Nasdaq)

Results for the year ended December 31, 2024	Press Release
	Strasbourg, February 6, 2025

Results for the year ended December 31, 2024	2024	2023	Change 2024/2023
RECORD NET REVENUE	€12.370bn		+4.8%
of which retail banking			0.0%
of which specialized business lines			+13.8%
GENERAL OPERATING EXPENSES UNDER CONTROL POSITIVE SCISSOR EFFECT			+3.5%
HIGHER COST OF RISK DUE TO THE ECONOMIC CLIMATE AND INCREASED PROVISIONS			+41.3%
NET INCOME AT RECORD LEVEL			+2.0%

GROWTH IN LENDING ¹
Home loans	Equipment loans and leasing	Consumer credit

0.0%	+3.0%	+5.7%

SOLID FINANCIAL STRUCTURE
CET1 Ratio ²	Shareholders' equity
18.8%

Download the press releas: Press Releases | Banque Fédérative du Crédit Mutuel

Press contact :

Aziz Ridouan: +33(0)6 01 10 31 69 – ...

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1 Changes in outstandings calculated over 12 months. ² Ratio estimated at December 31, 2024 for Crédit Mutuel Alliance Fédérale which includes BFCM in its scope of consolidation. The integration of earnings into shareholders' equity is subject to approval by the ECB.

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Press_release_2024_results_Banque Fédérative du Crédit Mutuel

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