Crédit Mutuel Alliance Fédérale delivers excellent performance in the first half of 2026

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

• High net income of €2.1 billion, up +14.2%.
• Net revenue up sharply to €9.8 billion (+11.8%).
• Strong performance of the banking and insurance model, with a sharp rise in net revenue from the banking networks (+19.3%).
• Enhanced financial strength at June 30, 2026, with a CET 1 ratio of 19.4% and equity of €72.6 billion.

SCHEDULED STRATEGIC INVESTMENTS FINANCED BY OPERATIONAL EFFICIENCY

• Net revenue growth outpacing growth in general operating expenses (+11.8% vs. +11.5%).
• Excluding OLB and non-recurring items, the rise in general operating expenses is limited to +2.8%.
• Excellent operational efficiency with a cost/income ratio of 57.2%, an improvement despite investments (-0.1 point). Adjusted for non-recurring items, the ratio is 55.0%.

SUCCESSFUL INTEGRATION OF OLB IN THE FIRST SIX MONTHS

• The integration of OLB Bank into TARGOBANK underscores the operational and commercial opportunities for all of the group’s entities in Germany.
• Banking activity in Germany now accounts for €1.6 billion (+46.8%).
• OLB’s contribution to net income is still limited due to first-time consolidation effects.

VALUE SHARING

• Allocation in the first half of the record Societal dividend, budgeted at €633 million for 2026.
• Three new benefit corporation engagements launched in the first half.