Turnover: 17.34 billion EUR (2022)

Country: France

crédit Mutuel is a French banking, insurance, electronic banking, telephony, home monitoring and media group. Its origins date back to 1847, when Frédéric-Guillaume Raiffeisen decided to create an "Association pour le pain" and a community bakery.

Crédit Mutuel is a mutual company made up of 5,390 local cooperative and mutualized mutuals, grouped into 18 regional federations, which in turn form a national confederation.

In addition to the Crédit Mutuel brand, the group operates under the CIC brand and also owns majority stakes in various companies active in the "bancassurance" market (Cofidis, Monabanq), mobile telephony (NRJ mobile) and regional press (with Groupe EBRA, which publishes Le Dauphiné libéré, Le Progrès, Dernières Nouvelles d'Alsace and L'Est républicain).

News

Crédit Mutuel Leasing strengthens its position with Roulenloc 03/10/2023

  • Crédit Mutuel Leasing has been in business for 60 years.
  • They have recently acquired Roulenloc and its online car leasing platform
  • Crédit Mutuel Leasing has been in the car leasing business for 10 years.
  • 35.000 car leasing contracts.
  • 20% market share in equipment financing for professionals and businesses.
  • Roulenloc has around twenty employees.
  • 70% of Roulenloc's €14 million sales in 2022 will come from long-term leasing.
  • The remainder of sales will come from rental with purchase option and a hybrid subscription format.
  • Today, 80% of Roulenloc's solutions are aimed at private customers.
  • The former managers of Roulenloc now hold over 10% of the capital.
  • The Crédit Mutuel network has 4,500 branches.

Arkéa and Crédit Mutuel: peace restored 03/05/2023

  • Crédit Mutuel is a French mutual banking group.
  • The group is made up of the Arkéa branch (Brittany and South-West federations), the Confédération nationale du Crédit Mutuel (the group's central body) and 18 other member federations.
  • The dispute between Arkéa and Confédération nationale du Crédit Mutuel lasted over ten years before a memorandum of understanding was reached.
  • Creation of a delegated vice-presidency, to be attributed to Arkéa's Chairman
  • A right of veto is granted to the federations in the event of infringement of their vital interests, particularly with regard to employment.
  • The "Crédit Mutuel" brand may be used autonomously by the federations and caisses

Crédit Mutuel Arkéa is considering a partial sale of Monext 19/04/2023

  • Crédit Mutuel Arkéa continues to review its fintech portfolio.
  • The mutual bank is considering opening up the capital of Monext, its electronic payment subsidiary.
  • Monext is valued at around 350 million euros.
  • Crédit Mutuel Arkéa acquired Monext in 2009.
  • Monext posted operating income (Ebitda) of 25 million euros in 2020.
  • Monext achieved sales of 97.2 million euros in 2020.

Studies mentioning this company

The retirement and employee savings market - France

Other companies mentioned:

  • Axa groupe
  • Crédit Agricole Groupe
  • Swiss Life France
  • Natixis Wealth Management
  • BNP Paribas Banque Privée
  • Crédit Mutuel
  • Malakoff Humanis
  • Yomoni
  • Boursorama Banque
  • Generali
The online payment market - France

Other companies mentioned:

  • Worldline
  • Stripe
  • Paypal
  • Groupement des cartes bancaires CB
  • Mastercard
  • Visa
  • Google Pay
  • Apple Pay
  • Alipay
  • Lydia
  • Crédit Agricole Groupe
  • Revolut
  • Lyra Networks
  • Nickel
  • Crédit Mutuel
  • Preludd Payment
  • RubyPayeur (Atradius Collections)
  • Gcollect
  • Orange Bank
  • Pledg (Credit Agricole)
  • Française des Jeux FDJ
  • Wero European Payments Initiative
  • Natixis Groupe BPCE
  • Shine Banque
The credit insurance market - France

Other companies mentioned:

  • CNP Assurances (La Poste)
  • Crédit Mutuel
  • Axa groupe
  • Maif France
  • Generali
  • CA Assurances
  • Allianz