Examples of BFCM Group in a sentence
OrganisationThe BFCM Group forms part of the structure of the CEE Group which itself forms part of the decentralised structure of the Crédit Mutuel Group.
The consolidated financial statements of the BFCM Group have been prepared in accordance with International Financial Reporting Standards, as adopted in the European Union, and have been audited by Ernst & Young et Autres and PricewaterhouseCoopers France.
CM11 Group, which consists of the cooperative sector and BFCM Group, is controlled by 11 Crédit Mutuel federations: Centre Est Europe, du Sud-Est, Île-de-France, Savoie-Mont Blanc, Midi- Atlantique, Loire-Atlantique et Centre-Ouest, du Centre, Normandie, Dauphiné-Vivarais, Méditerranéen and Anjou.
BFCM Group performance in the first half of 2012 ➢ CM10-CIC Group becomes CM11-CIC Group As of January 1, 2012, the 10 Crédit Mutuel federations making up CM10 Group welcomed a new member, Fédération du Crédit Mutuel Anjou, thereby giving rise to an expanded CM11-CIC Group.
BFCM Group results in the first half of 2012 ➢ Consolidated financial results Consolidated statement of financial position BFCM Group’s total assets stood at more than €385 billion.Loans and receivables due from customers increased by 1.9% to €166.0 billion, led by investment loans (+10.5%) and residential housing loans (+2.2%).Total savings managed and held in custody increased by 2.4% to €387.5 billion, of which €124.8 billion in deposits1 (+11.2%).
Selected Income Statement Data of the BFCM Group Year ended December 31, (in millions of euros) (1) Figures restated to account for a change in the accounting method applicable from January 1, 2016 to the recognition of the capitalization reserve in the insurance activity.RISK FACTORS The discussion below is of a general nature and is intended to describe various risk factors associated with an investment in any Notes issued under this Base Offering Memorandum.
BFCM Group recorded net inflows of €12.5 billion.These trends resulted in a 133.1% loan-to-deposit ratio as of June 30, 2012, down from 144.9% one year earlier, which supports the Group’s adaptation to Basel III regulatory requirements.
See “Presentation of Financial Information—Restatement of 2016 Segment Reporting.” SUMMARY FINANCIAL DATA OF THE BFCM GROUP Investors should read the following summary consolidated financial data together with the historical consolidated financial statements of the BFCM Group, the related notes thereto and the other financial information included or incorporated by reference in this Base Offering Memorandum.
The impacts on the statement of financial position at end 2011 of the recognition of the investment in BPE using the equity method are detailed in note 1b of the notes to the consolidated financial statements of BFCM Group at June 30th, 2012.1. Person responsible 1.1. Person responsible for the registration document and its updates Mr Alain FRADIN, Deputy Chief Executive Officer of Banque Fédérative du Crédit Mutuel.
Given this organizational structure, the section “Corporate Governance of CM11-CIC Group and BFCM” will be limited to a presentation of the administrative, management and supervisory bodies of BFCM, and the Report of the Chairman of the Board of Directors on the Operation of the Board of Directors and Internal Control and Anti-Money-Laundering and Terrorism Financing Procedures applies to both the CM11-CIC Group as well as the BFCM Group.