Crédit Mutuel Alliance Fédérale achieves historic net income 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.