Crédit mutuel Arkéa

Established in 1960, Crédit Mutuel Arkéa is a French cooperative bank, providing a broad range of retail, private and corporate banking products and services as well as asset and wealth management solutions to individuals and sole proprietorships, companies, and institutions.

Bank Category

Mutual banks

Financials

Total Assets (2017)
74 125.13 mln EUR  (+7.88%)
Net Income (2017)
514.35 mln EUR  (+282.30%)

In 2017 total assets of Crédit mutuel Arkéa were 74 125,13 mln EUR. In 2017 the bank's net income was 514,35 mln EUR.

Crédit mutuel Arkéa is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).

Crédit mutuel Arkéa participates in deposit guarantee scheme of France. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Crédit mutuel Arkéa is a member of Crédit Mutuel (France).

Contacts

1 RUE LOUIS LICHOU, 29480, LE RELECQ KERHUON, France

Crédit mutuel Arkéa is headquartered in LE RELECQ KERHUON.

Bank Identifiers

BIC (SWIFT)
CMCIFRCPLAV
MFI ID
FR15589
Bank Sort Code
15589
Company Number
775577018

Financial Positions

Total Assets (2017)
74 125.13 mln EUR  (+7.88%)

In 2017 total assets of Crédit mutuel Arkéa were 74 125.13 mln EUR. Growth compared to the previous period (2016) was 7.88%. The evolution of the total assets of Crédit mutuel Arkéa is shown at Chart 1 below.

Total Assets of Crédit mutuel Arkéa.

Chart 1. Total Assets of Crédit mutuel Arkéa.

Profit and Loss

Net Income (2017)
514.35 mln EUR  (+282.30%)

In 2017 net income of Crédit mutuel Arkéa was 514.35 mln EUR. Growth compared to the previous period (2016) was 282.30%. The evolution of the net income of Crédit mutuel Arkéa is shown at Chart 2 below.

Net Income of Crédit mutuel Arkéa.

Chart 2. Net Income of Crédit mutuel Arkéa.

Credit Ratings (as of May 2018)

Fitch Moody's
- (not rated) Aa3 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Crédit mutuel Arkéa is rated by Moody's.

Credit ratings assigned to Crédit mutuel Arkéa as of May 2018 are shown in details in the following sections.

Moody's

Long-term rating for Crédit mutuel Arkéa 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  ratings under review

Outlook for the ratings of Crédit mutuel Arkéa is set to ratings under review (an issuer has one or more ratings under review, and thus overrides the outlook designation).

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 mutuel Arkéa 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 mutuel Arkéa and its components are shown in the table below.

BIC  CMCIFRCPLAV
Bank BIC Code  CMCI
Country Code  FR (France)
Location Code  CP
Branch Code  LAV

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 mutuel Arkéa is shown in the table below.

MFI ID  FR15589

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  15589

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  775577018

European Presence: 9 banks in 3 countries

Crédit mutuel Arkéa operates under the brand name Arkea. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Belgium

France

Switzerland