Banque Fédérative du Crédit Mutuel (BFCM) operates in the areas of finance, insurance, electronic banking, and information technology in France and internationally.
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.
Banque fédérative du crédit mutuel is headquartered in STRASBOURG CEDEX.
|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.
Chart 1. Total Assets of Banque fédérative du crédit mutuel.
|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%.
|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.
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+|
|Short-Term Issuer Default Rating||F1|
|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Viability rating for Banque fédérative du crédit mutuel is not set support rating is WD; support rating floor is WD (withdrawn).
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 Bank Deposit Rating||Aa3|
|Baseline Credit Assessment||a3|
Outlook for the ratings of Banque fédérative du crédit mutuel is set to stable (not likely to change).
|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|
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.
|Bank BIC Code||CMCI|
|Country Code||FR (France)|
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.
The following banks operating under Banque Federative du Credit Mutuel brand name has been recently closed down: