January 29, 2015 5:50 AM ET

Banks

Company Overview of CM11-CIC Group

Company Overview

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

Strasbourg,  67000

France

65,030 Employees

Phone:

33 3 88 14 88 14

Key Executives for CM11-CIC Group

Chairman and Chief Executive Officer
Age: 75
Chief Financial Officer
Chief Operating Officer
Age: 67
Non-Voting Director
Non-Voting Director
Compensation as of Fiscal Year 2014.

CM11-CIC Group Key Developments

CM11-CIC Group Announces Unaudited Consolidated Earnings Results for the First Half Ended June 30, 2014

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.

CM11-CIC Group Reports Consolidated Audited Earnings Results for the Year Ended December 31, 2012

CM11-CIC Group reported consolidated audited earnings results for the year ended December 31, 2012. For the year, the company’s net banking income was €11,462 million compared to €11,053 million reported a year ago. Operating income after provisions was €3,040 million compared to €2,656 million reported a year ago. Operating income before provisions was €4,121 million compared to €4,111 million reported a year ago. Income before tax was €2,880 million compared to €2,718 million reported a year ago. Net income attributable to owners of the company was €1,622 million compared to €1,623 million reported a year ago. Total net banking income was up 1.9% from 2011. This increase was mainly due to the gains recorded by the insurance business, while retail banking was affected in 2012 by the increased cost of funds.

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