A solid Shareholder
Owned by around 4.97 million "sociétaires" (shareholding members) and with 69,500 employees serving 23.8 million customers, the group is a major player in the French retail banking sector. Its equity capital of EUR 39.6 billion and its tier one solvency ratio of 15% reflect its excellent financial strength. Moody’s, Standard & Poor’s and Fitch assign a rating of Aa3, A and A+ respectively to the group, making it one of the highest-rated banks in the eurozone.
In 2014, the stress test and asset quality review (AQR) conducted by the European Central Bank (ECB) and the European Banking Authority (EBA) confirmed the strength of the Crédit Mutuel group. Since November 2014, it has been one of the 126 major European banks supervised directly by the ECB under the Single Supervisory Mechanism (SSM).
Banque de Luxembourg is a major player in the group’s international private banking division, CIC Private Banking. Together with Banque CIC (Suisse), CIC Banque Transatlantique and CIC’s subsidiary in Singapore, the Bank offers the private clients of CIC Private Banking wealth management solutions with an international focus.
Asset Management and Estate Planning
BLI - Banque de Luxembourg Investments (100%)
Specialist management company for investment funds and discretionary mandates for private clients, foundations and institutional portfolios.
Compagnie Financière de Gestion (CFG) (100%)
Private Banking services
Banque de Luxembourg,
Belgian branch for investors and families resident in Belgium.
Conventum Asset Management (100%)
UCITS management company for UCI and administrative support for self-administered investment companies.
European Fund Administration (EFA) (24.23%)
Central administration, registrar and transfer agent for investment funds.