CIC in 2016: A strong, dynamic, customer-oriented bank

In 2016, the CIC group posted strong results and continued to grow to better serve its more than 4.9 million private individual, non-profit, independent professional and corporate customers. Bolstered by its ability to innovate and adapt, as well as the strong commitment of its 19,991 continuously trained employees2, banking, insurance, telephone and technological services posted solid gains. Income before tax rose 10% to €1.877 billion and the CET1 capital ratio excluding transitional measures was 12.5% which, together with the increased strength of its parent company, Crédit Mutuel-CM11, make it a major player in the economy that benefits all regions.