| Results at December 31, 2025 | Press release |
| Strasbourg, February 5, 2026 |
Driven by net revenue growth, Crédit Mutuel Alliance Fédérale
achieves historic net income of €4.2 billion in 2025
PERFORMANCE IN LINE WITH THE 2024-2027 STRATEGIC PLAN TARGETS:
- Record net income of €4.2 billion, up +2.3%, and +11.4% when excluding the income tax surcharge (€377 million).
- Record net revenue of €17.7 billion, up +6.7%.
- Customer acquisition in line with targets: 14.7 million banking customers (+166,000) and 7.6 million insured customers (+3.4%) in France.
SCHEDULED STRATEGIC INVESTMENTS FINANCED BY BUSINESS GROWTH:
- Net revenue growth outpaced growth in general operating expenses (+6.7% vs. +5.9%):
positive operating leverage further improved the best operational efficiency in France: the cost/income ratio was 55.3% (-0.4 point). - Investments to develop in-house technology expertise (large number of use cases for generative AI developed).
- Rollout of the banking and insurance model in Germany (including OLB, which joined the group on January 2, 2026).
IMPROVED SOLIDITY OF THE MUTUALIST MODEL:
- Further diversification of the revenue mix, including geographically.
- Cost of risk stabilized at €1.8 billion (-11.8%).
- Common Equity Tier 1 (CET1) among the highest in Europe at 19.7%4 (+10.8 points excluding P2G compared to regulatory requirements as of January 1, 2026).
VALUE SHARING WITH EMPLOYEES AND SOCIETY:
- Record Societal dividend of €622 million in 2025 (15.2% of net income in 2024); €1.6 billion since 2023.
- The Societal dividend for 2026 set at €633 million (15% of 2025 net income after tax).
- 20 new engagements by the benefit corporation, extending the previous ones, all of which have been achieved.
- A stronger social pact to invest in employees and attract new talent.
| Results for the year ended December 31, 2025 | 12/31/2025 | 12/31/2024 | Change |
| Net revenue at an all-time high | €17.723bn | €16.610bn | +6.7 % |
| of which retail banking | €13.239bn | €12.347bn | +7.2 % |
| of which insurance | €1.548bn | €1.439bn | +7.6 % |
| of which specialized business lines 2 | €2.932bn | €2.916bn | +0.5 % |
| General operating expenses under control | -€9.808bn | -€9.259bn | +5.9 % |
| Stabilized cost of risk | -€1.828bn | -€2.071bn | -11.8 % |
| Income before tax | €6.052bn | €5.325bn | +13.6 % |
| Record net income | €4.218bn | €4.124bn | +2.3 % |
| of which income tax surcharge | -€377m | N/A | N/A |
| Net income excluding surcharge | €4.595bn | €4.124bn | +11.4 % |
| INCREASE IN LENDING3 : + 2.3% | ||
| Home loans | Equipment loans | Consumer credit |
| €268.0bn | €150.7bn | €59.5bn |
| +1.4% | +4.2% | +3.7% |
| Production up +16.2% (€76.3 billion), driven by home loans. | ||
| A VERY SOLID FINANCIAL STRUCTURE | |
| CET1 ratio4 | Shareholders’ equity |
| 19.7% | €70.3bn |
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