Credit Mutuel

Credit Mutuel's net profit rose 34.5% to EUR 2,084 mil in 2018

By Helgi Analytics - November 05, 2019

Credit Mutuel made a net profit of EUR 2,084 mil under revenues of EUR 11,556 mil in 2018, up 34.5% and 0.400% respectively compared ...

Credit Mutuel's npls (as % of loans) fell 23.2% to 3.42% in 2018

By Helgi Analytics - November 05, 2019

Credit Mutuel's non-performing loans reached 3.42% of total loans at the end of 2018, down from 4.46% compared to the previous ye...

Credit Mutuel's capital adequacy ratio fell 1.01% to 19.7% in 2018

By Helgi Analytics - November 05, 2019

Credit Mutuel's capital adequacy ratio reached 19.7% at the end of 2018, up from compared to the previous year. Historically...

Profit Statement 2016 2017 2018
Net Interest Income EUR mil 3,980 4,272 4,783
Fee Income (As % Of Revenues) % 21.8 21.9 22.5
Other Income EUR mil 4,459 4,717 4,175
Total Revenues EUR mil 10,789 11,510 11,556
Operating Profit EUR mil 8,876 9,112 9,360
Provisions EUR mil 749 783 805
Net Profit EUR mil 1,655 1,549 2,084
Balance Sheet 2016 2017 2018
Interbank Loans EUR mil 16,734 17,194 30,840
Customer Loans EUR mil 249,733 257,799 270,482
Debt Securities EUR mil 131,201 132,915 153,833
Total Assets EUR mil 491,344 493,585 535,112
Shareholders' Equity EUR mil 26,918 27,604 29,654
Interbank Borrowing EUR mil 57,049 52,888 65,802
Customer Deposits EUR mil 176,681 181,997 191,435
Issued Debt Securities EUR mil 119,663 120,827 127,479
Ratios 2016 2017 2018
ROE % 6.33 5.68 7.28
ROA % 0.348 0.315 0.405
Costs (As % Of Assets) % 0.403 0.487 0.427
Costs (As % Of Income) % 17.7 20.8 19.0
Capital Adequacy Ratio % 18.0 19.9 19.7
Net Interest Margin % 0.838 0.867 0.930
Loans (As % Of Deposits) % 141 142 141
NPLs (As % Of Loans) % 4.36 4.46 3.42
Provisions (As % Of NPLs) % 65.6 50.4 72.1
Growth Rates 2016 2017 2018
Total Revenue Growth % 5.73 6.68 0.400
Operating Cost Growth % -7.63 25.4 -8.42
Operating Profit Growth % 9.14 2.66 2.72
Net Profit Growth % 7.40 -6.40 34.5
Customer Loan Growth % -4.70 3.23 4.92
Total Asset Growth % 7.13 0.456 8.41
Customer Deposit Growth % 10.8 3.01 5.19
Shareholders' Equity Growth % 6.00 2.55 7.43
Employees 41,942 42,145 46,661

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                              
Net Interest Income EUR mil                 3,156 4,183 3,747 3,830 3,980    
Total Revenues EUR mil                 8,912 9,133 9,223 10,204 10,789    
Operating Profit EUR mil                 6,981 7,208 7,183 8,133 8,876    
Net Profit EUR mil                 930 1,211 1,384 1,541 1,655    
balance sheet                              
Interbank Loans EUR mil                 13,243 14,049 21,100 15,737 16,734    
Customer Loans EUR mil                 223,235 209,688 219,592 262,045 249,733    
Debt Securities EUR mil                 116,573 125,950 127,968 135,906 131,201    
Total Assets EUR mil                 397,205 398,670 428,244 458,650 491,344    
Shareholders' Equity EUR mil                 16,047 17,785 22,367 25,394 26,918    
Interbank Borrowing EUR mil                 35,022 20,353 39,220 51,829 57,049    
Customer Deposits EUR mil                 134,662 144,227 144,350 159,502 176,681    
Issued Debt Securities EUR mil                 101,379 104,868 112,387 111,918 119,663    
ratios                              
ROE %                 6.23 7.16 6.89 6.45 6.33    
ROA %                 0.239 0.304 0.335 0.348 0.348    
Costs (As % Of Assets) %                 0.495 0.484 0.493 0.467 0.403    
Costs (As % Of Income) %                 21.7 21.1 22.1 20.3 17.7    
Capital Adequacy Ratio % ... ... ... ... ...       14.1 15.8 17.9 18.1 18.0    
Net Interest Margin %                 0.810 1.05 0.906 0.864 0.838    
Interest Income (As % Of Revenues) %                 35.4 45.8 40.6 37.5 36.9    
Fee Income (As % Of Revenues) %                 21.8 22.5 22.6 22.1 21.8    
Equity (As % Of Assets) %                 4.04 4.46 5.22 5.54 5.48    
Loans (As % Of Deposits) %                 166 145 152 164 141    
Loans (As % Assets) %                 56.2 52.6 51.3 57.1 50.8    
NPLs (As % Of Loans) %                 4.04 5.94 5.76 4.82 4.36    
Provisions (As % Of NPLs) %                 67.7 58.1 55.9 55.5 65.6    
valuation                              
Number Of Shares (Average) mil                 26.5 26.6 29.0 32.6 33.8    
Earnings Per Share (EPS)                 35.1 45.6 47.7 47.2 49.0    
Book Value Per Share                 605 670 771 779 797    
Dividend Per Share                 2.65 4.90 4.50 4.30 3.85    
Earnings Per Share Growth % ...               8.15 30.0 4.57 -0.920 3.74    
Book Value Per Share Growth % ...               15.2 10.6 15.1 1.03 2.39    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                              
Interest Income EUR mil                 15,229 13,422 14,734 12,844 12,337    
Interest Cost EUR mil                 12,073 9,239 10,987 9,014 8,357    
Net Interest Income EUR mil                 3,156 4,183 3,747 3,830 3,980    
Net Fee Income EUR mil                 1,943 2,054 2,085 2,250 2,350    
Other Income EUR mil                 3,813 2,896 3,391 4,124 4,459    
Total Revenues EUR mil                 8,912 9,133 9,223 10,204 10,789    
Operating Cost EUR mil                 1,931 1,925 2,040 2,071 1,913    
Operating Profit EUR mil                 6,981 7,208 7,183 8,133 8,876    
Provisions EUR mil                 962 943 748 696 749    
Extra and Other Cost EUR mil                 4,109 3,971 3,911 4,398 5,128    
Pre-Tax Profit EUR mil                 1,910 2,294 2,524 3,039 2,999    
Tax EUR mil                 711 810 823 1,142 1,100    
Minorities EUR mil                 269 273 317 333 288    
Net Profit EUR mil                 930 1,211 1,384 1,541 1,655    
Dividends EUR mil                 70.3 130 131 140 130    
growth rates                              
Net Interest Income Growth % ...               -27.9 32.5 -10.4 2.22 3.92    
Net Fee Income Growth % ...               -2.46 5.71 1.51 7.91 4.44    
Total Revenue Growth % ...               3.87 2.48 0.985 10.6 5.73    
Operating Cost Growth % ...               33.5 -0.311 5.97 1.52 -7.63    
Operating Profit Growth % ...               -2.14 3.25 -0.347 13.2 9.14    
Pre-Tax Profit Growth % ...               16.7 20.1 10.0 20.4 -1.32    
Net Profit Growth % ...               9.15 30.2 14.3 11.3 7.40    
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                              
Cash EUR mil                 9,429 14,770 23,341 9,853 59,950    
Interbank Loans EUR mil                 13,243 14,049 21,100 15,737 16,734    
Customer Loans EUR mil                 223,235 209,688 219,592 262,045 249,733    
Debt Securities EUR mil                 116,573 125,950 127,968 135,906 131,201    
Fixed Assets EUR mil                 7,030 6,772 6,503 6,503 6,500    
Total Assets EUR mil                 397,205 398,670 428,244 458,650 491,344    
Shareholders' Equity EUR mil                 16,047 17,785 22,367 25,394 26,918    
Of Which Minority Interest EUR mil                 3,338 3,486 3,663 3,738 4,092    
Liabilities EUR mil                 381,158 380,885 405,877 433,256 464,426    
Interbank Borrowing EUR mil                 35,022 20,353 39,220 51,829 57,049    
Customer Deposits EUR mil                 134,662 144,227 144,350 159,502 176,681    
Sight Deposits EUR mil ... ...             47,682 84,766 90,726 103,574 120,140    
Term Deposits EUR mil ... ...             86,980 59,461 53,624 55,928 56,541    
Issued Debt Securities EUR mil                 101,379 104,868 112,387 111,918 119,663    
Other Liabilities EUR mil                 110,095 111,437 109,920 110,007 111,033    
asset quality                              
Non-Performing Loans EUR mil                 9,270 12,904 13,081 12,981 11,218    
Gross Loans EUR mil                 229,511 217,181 226,905 269,252 257,093    
Provisions EUR mil                 962 943 748 696 749    
growth rates                              
Customer Loan Growth % ...               1.64 -6.07 4.72 19.3 -4.70    
Total Asset Growth % ...               3.88 0.369 7.42 7.10 7.13    
Shareholders' Equity Growth % ...               16.3 10.8 25.8 13.5 6.00    
Customer Deposit Growth % ...               6.88 7.10 0.085 10.5 10.8    
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                              
ROE %                 6.23 7.16 6.89 6.45 6.33    
ROA %                 0.239 0.304 0.335 0.348 0.348    
Costs (As % Of Assets) %                 0.495 0.484 0.493 0.467 0.403    
Costs (As % Of Income) %                 21.7 21.1 22.1 20.3 17.7    
Capital Adequacy Ratio % ... ... ... ... ...       14.1 15.8 17.9 18.1 18.0    
Tier 1 Ratio % ...               14.1 14.6 15.4 15.7 ... ...  
Net Interest Margin %                 0.810 1.05 0.906 0.864 0.838    
Interest Spread % ...               0.686 0.948 0.771 0.748 0.735    
Asset Yield %                 3.91 3.37 3.56 2.90 2.60    
Cost Of Liabilities % ...               3.22 2.42 2.79 2.15 1.86    
Payout Ratio %                 76.3 86.6 76.6 75.7 75.4    
Interest Income (As % Of Revenues) %                 35.4 45.8 40.6 37.5 36.9    
Fee Income (As % Of Revenues) %                 21.8 22.5 22.6 22.1 21.8    
Other Income (As % Of Revenues) %                 42.8 31.7 36.8 40.4 41.3    
Equity (As % Of Assets) %                 4.04 4.46 5.22 5.54 5.48    
Loans (As % Of Deposits) %                 166 145 152 164 141    
Loans (As % Assets) %                 56.2 52.6 51.3 57.1 50.8    
NPLs (As % Of Loans) %                 4.04 5.94 5.76 4.82 4.36    
Provisions (As % Of NPLs) %                 67.7 58.1 55.9 55.5 65.6    
Provisions (As % Of Loans) %                 2.81 3.57 3.33 2.75 2.95    
Cost of Provisions (As % Of Loans) %                 0.434 0.436 0.348 0.289 0.293    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                              
Employees                 40,258 42,152 42,366 42,825 41,942    
Sight (As % Of Customer Deposits) % ... ...             35.4 58.8 62.9 64.9 68.0    

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Credit Mutuel's net interest margin rose 7.20% to 0.930% in 2018

By Helgi Analytics - November 05, 2019

Credit Mutuel's net interest margin amounted to 0.930% in 2018, up from 0.867% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 1.21% in 2010 and an all time low of 0.026% in 2007. The average margi...

Credit Mutuel's net interest income rose 12.0% to EUR 4,783 mil in 2018

By Helgi Analytics - November 05, 2019

Credit Mutuel generated total banking revenues of EUR 11,556 mil in 2018, up 0.4% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of EUR 11,556 mil in 2018 and a...

Credit Mutuel's customer loan growth rose 52.3% to 4.92% in 2018

By Helgi Analytics - November 05, 2019

Credit Mutuel's customer loan growth reached 4.92% in 2018, up from 3.23% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 65.2% in 2009 and an all time low of -14.3% in 2010. In the last decade, the average...

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