Brest - October 21, 2024

CFCAL-Banque, a specialist in debt consolidation for 152 years and a subsidiary of the Crédit Mutuel Arkéa group, which has been offering savings products since October 2023, announces the expansion of its offerings with ethical products. This fully digitalized and secure savings solution is aimed at individuals to address the major challenges of our time.

Responsible Savings Solutions

Following the launch of its savings offerings, which include a savings account for individuals and a term account for both individuals and corporations, CFCAL-Banque continues to evolve by expanding its product range with savings solutions dedicated to environmental transition.

In addition to its long-standing social commitment in debt consolidation, CFCAL-Banque is focusing on anticipating the needs related to climate challenges and adapting its offerings accordingly. The range of ethical products from CFCAL-Banque aims to meet the savings and financing needs of clients while providing a straightforward subscription experience.

The funds collected from these ethical savings and term accounts will be used to finance loans aimed at improving energy efficiency:

• Acquisition of a residential property:
  • VEFA (1), new or under construction;
  • Existing properties with an Energy Performance Certificate (DPE) rated A, B, or C (up to 135 kWh/m²);

                -  Financing of energy renovation work;

                -  Financing of shares in Greenfin or socially responsible (ISR) certified real estate investment trusts (SCPI), with a 50% share dedicated to environmental transition (ESG rating).

CFCAL-Banque’s responsible range now includes six financing and savings products designed to support environmental transition by linking energy efficiency themes to the financing projects of our clients.

Secure and Accessible Savings

Still operating through its BtoBtoC distribution model with CFCAL-Banque’s partners and distributors, this offering is made possible by an open information system based on an API (3) structure. This system facilitates connections between software, streamlining data and functionality exchange while ensuring a secure user experience in a fully digital environment.

A Continuation of Commitments Made by Crédit Mutuel Arkéa

In May 2022, Crédit Mutuel Arkéa adopted the status of a mission-driven company, which represents the highest level of commitment in terms of environmental and societal responsibility under the Pacte law. It is among the first banking groups to embrace this status, which is included in its statutes.

CFCAL-Banque actively contributes to diversifying the activities and growth drivers of Crédit Mutuel Arkéa, particularly in line with its social and environmental values.

Julien Wackenheim, Commercial Director of CFCAL-Banque, stated: “The development of this offering marks a new step in meeting the expectations of our partners, clients, and employees, while also diversifying our products with a more sustainable and impactful approach. It allows our distributors to respond to customer demands focused on environmental concerns while creating value for themselves and for us.”

About CFCAL-Banque

Established in 1872 in Strasbourg and a subsidiary of the Crédit Mutuel Arkéa group since 2010, CFCAL-Banque has been a leading player in the debt consolidation sector with or without mortgage collateral, as well as in real estate loans. CFCAL-Banque has progressively developed digital gateways (APIs). In 2023, it expanded its financial services offering by providing a fully digital banking savings solution within an intermediary distribution model. In 2024, CFCAL-Banque took a strategic turn by developing responsible and committed products, thus reaffirming its commitment to environmental issues.

(1) VEFA: The Sale in Future State of Completion (VEFA) is a contract where the buyer purchases a property still under construction.

(2) DPE A, B, C++: Only concerns DPE <135 kWh/m²/year. The Energy Performance Certificate (DPE) provides information on the energy and climate performance of a dwelling or building (labels A to G), evaluating its energy consumption and its impact in terms of greenhouse gas emissions.

(3) API: (Application Programming Interface) is a software interface that allows one software or service to connect with another, enabling new functionalities or data exchange.