Crédit industriel et commercial - CIC (formerly Credit Industriel et Commercial)

Established in 1859, Crédit Industriel et Commercial (CIC) is a financial services company. Since 1998 CIC a member of Crédit Mutuel group. The main business activities of Crédit Industriel et Commercial are retail and corporate banking, insurance, factoring, real estate management, investment funds, consulting.

Services

Retail Banking
Private Banking
Corporate Banking
Securities Brokerage

Products

Financials

Total Assets (2017)
121.05 mln EUR  (-7.62%)
Net Income (2017)
853 000.00 EUR  (-3.29%)

In 2017 total assets of Crédit industriel et commercial - CIC were 121,05 mln EUR. In 2017 the bank's net income was 853 000,00 EUR.

Crédit industriel et commercial - CIC 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).

Crédit industriel et commercial - CIC participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Crédit industriel et commercial - CIC is a member of Crédit Mutuel (France).

Contacts

6 AVENUE DE PROVENCE, 75009, PARIS 09, France

Crédit industriel et commercial - CIC is headquartered in PARIS 09.

Bank Identifiers

BIC (SWIFT)
CMCIFRCPCIC
MFI ID
FR30066
Bank Sort Code
30066
Company Number
542016381

Business Summary

Eligible Clients
natural persons
self-employed professionals
small- and medium-sized enterprises
corporations
Services
retail banking
private banking
corporate banking
securities brokerage
Products
current accounts
debit cards
credit cards
savings accounts (1.25 - 3.50 %)
time deposit accounts
consumer loans
mortgage loans

Crédit industriel et commercial - CIC provides products and services in the areas of retail banking, private banking, corporate banking, securities brokerage. The range of products offered by Crédit industriel et commercial - CIC includes current accounts, debit cards, credit cards, savings accounts (1.25 - 3.50 %), time deposit accounts, consumer loans, mortgage loans. Crédit industriel et commercial - CIC makes its solutions available to natural persons, self-employed professionals, small- and medium-sized enterprises, corporations.

Products

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Savings accounts made with Crédit industriel et commercial - CIC are covered by deposit guarantee scheme of France up to 100 000 EUR per depositor. Crédit industriel et commercial - CIC offers the following savings accounts.

Updated on 17 December 2018

Livret Bienvenue
Sales Region
France
Account Currency
EUR
Interest Rate (p.a.)
3.50 %
Deposit Term (months)
1
Savings Account Details
Product Name
Livret Bienvenue
Account Currency
EUR
Interest Rate (p.a.)
3.50 %
Deposit Term (months)
1
Investment Amount
1 - 50000 EUR
Interest Frequency
1 times a year
Livret Bienvenue
Sales Region
France
Account Currency
EUR
Interest Rate (p.a.)
3.50 %
Deposit Term (months)
3
Savings Account Details
Product Name
Livret Bienvenue
Account Currency
EUR
Interest Rate (p.a.)
3.50 %
Deposit Term (months)
3
Investment Amount
1 - 50000 EUR
Interest Frequency
1 times a year
Livret Bienvenue
Sales Region
France
Account Currency
EUR
Interest Rate (p.a.)
2.00 %
Deposit Term (months)
6
Savings Account Details
Product Name
Livret Bienvenue
Account Currency
EUR
Interest Rate (p.a.)
2.00 %
Deposit Term (months)
6
Investment Amount
1 - 50000 EUR
Interest Frequency
1 times a year
Livret Bienvenue
Sales Region
France
Account Currency
EUR
Interest Rate (p.a.)
1.50 %
Deposit Term (months)
9
Savings Account Details
Product Name
Livret Bienvenue
Account Currency
EUR
Interest Rate (p.a.)
1.50 %
Deposit Term (months)
9
Investment Amount
1 - 50000 EUR
Interest Frequency
1 times a year
Livret Bienvenue
Sales Region
France
Account Currency
EUR
Interest Rate (p.a.)
1.25 %
Deposit Term (months)
12
Savings Account Details
Product Name
Livret Bienvenue
Account Currency
EUR
Interest Rate (p.a.)
1.25 %
Deposit Term (months)
12
Investment Amount
1 - 50000 EUR
Interest Frequency
1 times a year

France: This product is offered to French residents only. When clicking on the product link you will be redirected to the product page in French.

See Also

Financial Positions

Total Assets (2017)
121.05 mln EUR  (-7.62%)

In 2017 total assets of Crédit industriel et commercial - CIC were 121.05 mln EUR. Decline compared to the previous period (2016) was -7.62%.

Profit and Loss

Net Income (2017)
853 000.00 EUR  (-3.29%)

In 2017 net income of Crédit industriel et commercial - CIC was 853 000.00 EUR. Decline compared to the previous period (2016) was -3.29%.

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. Crédit industriel et commercial - CIC is rated by Fitch and Moody's.

Credit ratings assigned to Crédit industriel et commercial - CIC 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 Crédit industriel et commercial - CIC 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 Crédit industriel et commercial - CIC 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  a+
Support Rating  5
Support Rating Floor  NF

Viability rating for Crédit industriel et commercial - CIC is set to a+ (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Crédit industriel et commercial - CIC it is set to Aa3 (high grade). Long-term bank deposit rating is Aa3 (high grade). Baseline credit assessment is baa1. Short-term rating is not assigned.

Long-Term Rating  Aa3
Long-Term Bank Deposit Rating  Aa3
Baseline Credit Assessment  baa1
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Crédit industriel et commercial - CIC 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 Crédit industriel et commercial - CIC 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 Crédit industriel et commercial - CIC and its components are shown in the table below.

BIC  CMCIFRCPCIC
Bank BIC Code  CMCI
Country Code  FR (France)
Location Code  CP
Branch Code  CIC

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 Crédit industriel et commercial - CIC is shown in the table below.

MFI ID  FR30066

Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  30066

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  542016381

European Presence: 3 banks in 3 countries

Crédit industriel et commercial - CIC operates under the brand name Credit Industriel et Commercial. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Cayman Islands

France

  • (this bank) Crédit industriel et commercial - CIC (PARIS 09)

United Kingdom