CM11-CIC Group, together with its subsidiaries, provides banking products and services in France and internationally. The company offers retail banking products and services, including current accounts, saving accounts, loans, equipment and real estate leasing, factoring, collective investment, employee savings plans, and real estate services; and private banking services. It also engages in the insurance business; provision of financing for corporations and institutional clients, and specialized lending; and capital markets activities, including provision of interest rate instruments, foreign exchange and equities, and brokerage services. The company was formerly known as CM10-CIC Group and...
34, rue du Wacken
CM11-CIC Group Announces Unaudited Consolidated Earnings Results for the First Half Ended June 30, 2014
Jul 31 14
CM11-CIC Group announced unaudited consolidated earnings results for the first half ended June 30, 2014. For the period, net banking income was EUR 6,211 million, gross operating income was EUR 2,311 million, income before tax was EUR 1,958 million and net income attributable to owners of the company was EUR 1,280 million against net banking income of EUR 6,023 million, gross operating income of EUR 2,176 million, income before tax of EUR 1,602 million and net income attributable to owners of the company of EUR 911 million a year ago. The growth in total net banking income was driven by both a sharp improvement in the interest margin in branch networks and the end of the amortization period for goodwill on Targobank Germany. Net income was EUR 1,403 million against EUR 1,010 million a year ago.