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Crédit Mutuel (French pronunciation: [kʁedi mytɥɛl]) is a French cooperative banking group, one of the country's top five banks with over 30 million customers. It traces its origins back to the German cooperative movement inspired by Friedrich Wilhelm Raiffeisen in Alsace–Lorraine under German rule, in the 1880s.
The Crédit Industriel et Commercial (French pronunciation: [kʁedi ɛ̃dystʁijɛl e kɔmɛʁsjal], "Industrial and Commercial Credit Company", abbr. CIC) is a bank and financial services group in France, founded in 1859. It has been majority owned by Crédit Mutuel, one of the country's top five banking groups, since 1998, and fully owned ...
François Pérol was the architect of the creation of Groupe BPCE, which he subsequently led for nearly a decade. Before moving to the Tours Duo in 2022, Groupe BPCE and Natixis were headquartered respectively on 50 and 30, Avenue Pierre-Mendès-France [] in Paris, flanked on both ends by office buildings of the Caisse des dépôts et consignations.
Banque de Luxembourg is a wholly owned subsidiary of Crédit Mutuel via the Crédit Industriel et Commercial (CIC). The CIC is 93%-owned by Banque Fédérative du Crédit Mutuel (BFCM), the holding company of the bancassurance group Crédit Mutuel Centre Est Europe-CIC.
STET was established in December 2004 by France's six main banks, namely BNP Paribas, Crédit Agricole, Crédit Mutuel, Groupe Caisse d'Épargne, Groupe Banque Populaire, and Société Générale, to replace a previous system known as the Système interbancaire de télécompensation [] (SIT).
There were systems to mobilize peasant savings in Burundi before 1980, but they were ineffective. In 1981 the Burundian Ministry of Communal Development approached the Centre International du Crédit Mutuel (CICM) of France to request assistance in establishing and developing a Mutual Credit system in Burundi. [1]
Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB), known as Crédit Agricole Indosuez from 1996 to 2004 and as Calyon from 2004 to 2010, is the corporate and investment banking entity of the Crédit Agricole banking and financial services group, based in Montrouge near Paris, France.
To access credit women had to open a savings account and be a member of the bank for at least six months. The amount given vary from 100,000 to 200,000 BIF . The interest rate was 8%, low compared to other banks, but CECM did not give loans with terms over nine months, The bank also provided training in capacity building, business management ...