The Board of Directors of Crédit Mutuel Arkéa, chaired by Julien Carmona, approved the financial statements for the year ended December 31, 2024
In a complex and constrained economic environment, marked by high interest rates in 2024 and a rise in the cost of risk linked to the increase in business failures, Crédit Mutuel Arkéa recorded net income of €395 million, down slightly on 2023 (-5,2%). This result reflects the Group's almost exclusive exposure to the French economy, which testifies to its assertive choice to finance the real economy while pursuing a strong ambition to support social and environmental transitions.
Despite pressure on the net interest margin, the Group's revenues rose by 2% (€2,184 bn) thanks to its diversification strategy and a good level of business across all its business lines. This rise in revenues, coupled with lower operating expenses, enabled a significant improvement in the operating coefficient, down 3 points (68.8%).
Finally, the Group continues to affix a solid balance sheet structure, with liquidity and solvency ratios well above regulatory requirements, testifying to the resilience of the model and its ability to adapt to economic hazards and challenges.
These results confirm the uniqueness and relevance of our business model, and provide a solid foundation on which to build our new "Faire 2030" strategic plan.
Simplified income statement
"The general environment, marked by both economic and political uncertainties, inevitably penalizes a banking and insurance group like ours, whose activity is almost entirely devoted to financing the real economy in our country. However, despite these headwinds, Crédit Mutuel Arkéa is staying the course and fully playing its role as a local partner, committed to its members and customers over the long term and in all circumstances. Our stable results underline our resilience and ability to adapt. The uniqueness of our model as an autonomous, cooperative and regional bank inspires confidence, as demonstrated by our excellent sales performance in all our businesses. Our financial fundamentals are robust, enabling us to look to the future with confidence and determination. While financial performance is an absolute necessity, for us it remains indissociable from extra-financial performance, which contributes to our uniqueness. This is the challenge of our strategic plan Faire 2030, launched a few weeks ago, which reflects our ambitions for development and transformation in order to consolidate our position as a trusted partner of our customers in our territories and to further support environmental and societal transitions.”
– Julien Carmona, Chairman of Crédit Mutuel Arkéa –
“I would like to thank our 11,500 employees and 2,600 directors for their daily commitment to serving our members and customers. They are the driving force behind our collective success. Their mobilization and involvement enable us to pursue our development and display a solid performance, despite an unfavorable context. 2024 saw an improvement in our operating efficiency thanks to higher revenues and lower management costs. We must continue on this path. We also have a solid balance sheet structure, with solvency and liquidity ratios well above regulatory requirements. They testify to the robustness of our diversified and open business model. Our strategic roadmap - Faire 2030 - calls on us to continue this transformation process, successfully begun, to gain in agility, performance and efficacity. A company with a mission like ours also has a duty to make sustainable finance a genuine performance lever, serving the satisfaction of our stakeholders, the vitality of territories and a more just and equitable society."
– Hélène Bernicot, Chief Executive Officer of Crédit Mutuel Arkéa –
