Crédit Mutuel Group - 2018 Activity Report FOCUS EXPERTISES 3 LEADING BANKrd FOR SMES 2018 TALENTS CONTEST: CRÉDIT MUTUEL SUPPORTS THE GROUP WORKING BUSINESS START-UPS ALONGSIDE BUSINESSESThe Crédit Mutuel group provides support on the ground to 95,4 Creatsuccess, thed by BGE* in 1997 to showcase entrepce’s leading businesse Talents contest is Fran reneurial all those who make up the regional economy: independent MILLIARDS D’EUROS start-up competition. It rewards entrepreneurship professionals, microbusinesses and SMEs. D’ENCOURS DE at every level – regional, social, economic and human. CRÉDITS POUR Most importantly, it confirms that the staying power of new companies depends in large part on the quality Against a positive economic backdrop, outstanding loans lent of support their creators receive. by Crédit Mutuel to microbusinesses and independent SMEs rose LES PROFESSIONNELS BGE supports 18,000 business start-ups every year, and the Crédit Mutuel group is its leading banking partner, by 7.40% in 2018. ET LES PME supporting nearly 30% of these new businesses. Outstanding loans to businesses as a whole (i.e. including The Talents competition rewards entrepreneurs in eight categories, including commerce, services and innovation SMEs, intermediate-sized enterprises and large companies as well as craftspeople, the category supported by Crédit Mutuel. increased by 6.90%. The Confédération Nationale du Crédit Mutuel offered €8,000 to the winner in the craftspeople segment. The prize Financing activities are carried out by the network and specialized One in 5 French was awarded to John-Mickaël Flaux, a young 24-year-old clockmaker and “automatonist” working in Morteau, subsidiaries: Banque Européenne du Crédit Mutuel (BECM), craftspeople banks in the department of Doubs. a subsidiary of Crédit Mutuel Centre Est Europe, and Arkéa with Crédit Mutuel Banque Entreprises et Institutionnels, a subsidiary of the *Boutique de Gestion pour Entreprendre, a national network that supports entrepreneurs Crédit Mutuel Arkéa group. CIC has also implemented a system to ensure the local presence of account managers and rapid response times thanks to short decision-making channels. The group is a key player in fi nancing for the self-employed THE START-UP SPIRIT FOR – craftspeople, small retailers, independent professionals andA/BLEU/LDD PASSBOOK A LONG-TERM RELATIONSHIP Encouraging all microbusinesses in the services and light manufacturing sectors – value creators with over 700,000 customers and a share of 17.8% of the lendingACCOUNTS: THE GROUP Free enterprise and room to grow, under Crédit Mutuel’s strong and on a daily basis market as recorded by the Banque de France. protective umbrella, are the cornerstone of our model and at the root CONTRIBUTES STRONGLY of its success. The group supports entrepreneurship throughacquisitions, equity investments, partnerships and fi nancing. It playsa leading role among business startups, thanks mainlyTO SME FINANCING to all the partnerships that the Crédit Mutuel group facilitates with business creation support organizations. A, Bleu and LDD (sustainable development) passbook In 2018, the group granted over €286 million in business accounts continue to be products that guarantee microloans via three networks: ADIE (Association for the Rightsecurity and liquidity in an uncertain economic to Economic Initiative), France Active and Initiative France. environment. Total funds in these tax-free passbook accounts As of January 2009, Crédit Mutuel also works withBGE, amounted to€61 billion at the end of 2018, putting a non-profi t association which is the country’s leading the group’s share of the regulated savings market independent network for business start-up assistance at 16%. with 430 branches nationwide. It helps businesses from the initial ideas stage through to their third anniversary. Regulatory requirements for the use of non-centralized funds were amply complied with: loans granted by the group to SMEs amounted to more than double the decentralized funds that remained on its balance sheet (193% utilization rate). 70 71