Banque fédérative du crédit mutuel (formerly Banque Federative du Credit Mutuel (BFCM))

Banque Fédérative du Crédit Mutuel (BFCM) operates in the areas of finance, insurance, electronic banking, and information technology in France and internationally.

Financials

Total Assets (2016)
432.39 bln EUR  (-5.70%)
Net Income (2016)
1 226.00 mln EUR  (-8.03%)

In 2016 total assets of Banque fédérative du crédit mutuel were 432,39 bln EUR. In 2016 the bank's net income was 1 226,00 mln EUR.

Banque fédérative du crédit mutuel is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).

Banque fédérative du crédit mutuel participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

34 RUE DU WACKEN, 67002, STRASBOURG CEDEX, France
BP 412

Banque fédérative du crédit mutuel is headquartered in STRASBOURG CEDEX.

Bank Identifiers

BIC (SWIFT)
CMCIFRPAXXX
MFI ID
FR11808

Financial Positions

Total Assets (2016)
432.39 bln EUR  (-5.70%)

In 2016 total assets of Banque fédérative du crédit mutuel were 432.39 bln EUR. Decline compared to the previous period (2015) was -5.70%. The evolution of the total assets of Banque fédérative du crédit mutuel is shown at Chart 1 below.

Total Assets of Banque fédérative du crédit mutuel.

Chart 1. Total Assets of Banque fédérative du crédit mutuel.

Profit and Loss

Net Income (2016)
1 226.00 mln EUR  (-8.03%)

In 2016 net income of Banque fédérative du crédit mutuel was 1 226.00 mln EUR. Decline compared to the previous period (2015) was -8.03%.

Credit Ratings (as of May 2018)

Fitch Moody's
A+ (high credit quality) Aa3 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Banque fédérative du crédit mutuel is rated by Fitch and Moody's.

Credit ratings assigned to Banque fédérative du crédit mutuel as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Banque fédérative du crédit mutuel it is set to A+ (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Banque fédérative du crédit mutuel is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  -
Support Rating  WD
Support Rating Floor  WD

Viability rating for Banque fédérative du crédit mutuel is not set support rating is WD; support rating floor is WD (withdrawn).

Moody's

Long-term rating for Banque fédérative du crédit mutuel it is set to Aa3 (high grade). Long-term bank deposit rating is Aa3 (high grade). Baseline credit assessment is a3. Short-term rating is not assigned.

Long-Term Rating  Aa3
Long-Term Bank Deposit Rating  Aa3
Baseline Credit Assessment  a3
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Banque fédérative du crédit mutuel is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in France are obliged to participate in French deposit guarantee scheme.

In the case of Banque fédérative du crédit mutuel failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  all deposit accounts (current accounts, demand accounts, passbook accounts, term accounts, home savings accounts, home savings schemes, etc.)
Covered Currencies  all currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Banque fédérative du crédit mutuel and its components are shown in the table below.

BIC  CMCIFRPAXXX
Bank BIC Code  CMCI
Country Code  FR (France)
Location Code  PA
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Banque fédérative du crédit mutuel is shown in the table below.

MFI ID  FR11808

Defunct Banks: 1 bank in 1 country

The following banks operating under Banque Federative du Credit Mutuel brand name has been recently closed down:

Germany