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Crédit Mutuel Alliance Fédérale – 2025 Full-year results press release

Written by Customer Service on . Posted in Public Companies.

Results at December 31, 2025

Press release
 Strasbourg, February 5, 2026

Driven by net revenue growth, Crédit Mutuel Alliance Fédérale
achieves historic net income of €4.2 billion in 2025

PERFORMANCE IN LINE WITH THE 2024-2027 STRATEGIC PLAN TARGETS:

  • Record net income of €4.2 billion, up +2.3%, and +11.4% when excluding the income tax surcharge (€377 million).
  • Record net revenue of €17.7 billion, up +6.7%.
  • Customer acquisition in line with targets: 14.7 million banking customers (+166,000) and 7.6 million insured customers (+3.4%) in France.

SCHEDULED STRATEGIC INVESTMENTS FINANCED BY BUSINESS GROWTH:

  • Net revenue growth outpaced growth in general operating expenses (+6.7% vs. +5.9%):
    positive operating leverage further improved the best operational efficiency in France: the cost/income ratio was 55.3% (-0.4 point).
  • Investments to develop in-house technology expertise (large number of use cases for generative AI developed).
  • Rollout of the banking and insurance model in Germany (including OLB, which joined the group on January 2, 2026).

IMPROVED SOLIDITY OF THE MUTUALIST MODEL:

  • Further diversification of the revenue mix, including geographically.
  • Cost of risk stabilized at €1.8 billion (-11.8%).
  • Common Equity Tier 1 (CET1) among the highest in Europe at 19.7%4 (+10.8 points excluding P2G compared to regulatory requirements as of January 1, 2026).

VALUE SHARING WITH EMPLOYEES AND SOCIETY:

  • Record Societal dividend of €622 million in 2025 (15.2% of net income in 2024); €1.6 billion since 2023.
  • The Societal dividend for 2026 set at €633 million (15% of 2025 net income after tax).
  • 20 new engagements by the benefit corporation, extending the previous ones, all of which have been achieved.
  • A stronger social pact to invest in employees and attract new talent.
Results for the year ended December 31, 202512/31/202512/31/2024Change
Net revenue at an all-time high€17.723bn€16.610bn        +6.7        %
of which retail banking€13.239bn€12.347bn        +7.2        %
of which insurance€1.548bn€1.439bn        +7.6        %
of which specialized business lines 2€2.932bn€2.916bn        +0.5        %
General operating expenses under control-€9.808bn-€9.259bn        +5.9        %
Stabilized cost of risk-€1.828bn-€2.071bn        -11.8        %
Income before tax€6.052bn€5.325bn        +13.6        %
Record net income€4.218bn€4.124bn        +2.3        %
of which income tax surcharge-€377mN/AN/A
Net income excluding surcharge€4.595bn€4.124bn        +11.4        %

INCREASE IN LENDING3 : + 2.3%
Home loansEquipment loansConsumer credit
€268.0bn€150.7bn€59.5bn
+1.4%+4.2%+3.7%
Production up +16.2% (€76.3 billion), driven by home loans.

A VERY SOLID FINANCIAL STRUCTURE
CET1 ratio4Shareholders’ equity
19.7%€70.3bn

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