These results stem from an excellent commercial performance in all regions and strengthened operating efficiency. Net banking income came to €17.3 billion (+8.9% overall, +3.2% at constant scope), driven in particular by retail banking (+12.3% overall, +5.9% at constant scope), private banking (+16.9%) and corporate and investment banking (+9.4%). The cost/income ratio is in line with our 2019-2023 strategic plan at 59.6%, one of the best in the banking sector.
In view of the scale of the environmental crisis, which is accentuating inequalities, Crédit Mutuel Alliance Fédérale is introducing a societal dividend. From this year, based on its 2022 results, 15% ofits net profit, i.e. €525 million, will be used to finance environmental transformation and solidarity projects.
