Results for the year ended December 31, 2022: exceptional net profit of €3.5bn to serve the public interest. Launch of the societal dividend at €525m
Published on 08/02/2023
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Crédit Mutuel Alliance Fédérale made net profit of €3.5 billion in 2022, record results for the second year in a row.
These results stem from an excellent commercial performance in all regions and strengthened operating efficiency. Net banking income came to €17.3 billion (+8.9 % overall, +3.2 % at constant scope), driven in particular by retail banking (+12.3 % overall, +5.9 % at constant scope), private banking (+16.9 %) and corporate and investment banking (+9.4 %). The cost/income ratio is in line with our 2019-2023 strategic plan at 59.6 %, one of the best in the banking sector.
In view of the scale of the environmental crisis, which is accentuating inequalities, Crédit Mutuel Alliance Fédérale is introducing a societal dividend. From this year, based on its 2022 results, 15 % ofits net profit, i.e. €525 million, will be used to finance environmental transformation and solidarity projects.