CM11 and CIC - 2015 Half-year results press release

During the first half of 2015, CIC maintained its growth momentum by delivering quality service to its customers, offering increasingly tailored products and participating in the financing of the economy in the regions. The number of customers and branches continued to grow, as did loan outstandings, deposits and insurance and service activities (remote banking, remote surveillance and telephony). During this period, profitability was negatively impacted by the provisioning of the contribution to the European Single Resolution Fund, the non-deductibility of certain taxes starting in 2015 and a new regulation requiring these taxes to be recognized in their entirety when due.