Co-operative Banking in France

Federica Poli ()
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Federica Poli: Università Cattolica del Sacro Cuore

Chapter Chapter 5 in Co-operative Banking Networks in Europe, 2019, pp 193-252 from Palgrave Macmillan

Abstract: Abstract Domestic credit institutions hold a dominant 92% of total banking assets in France, which boasts one of the largest banking sectors in the Eurozone with assets of over € 7 trillion. In spite of fierce competition from shareholder-oriented rivals, co-operative banks occupy a leading role in the banking system, with 26.6 million members in 2017 and a growth rate that dwarfs that of other European countries. This chapter details the complex network and apex structures and practices of the three main national co-operative networks, Crédit Agricole, BPCE Group, and Crédit Mutuel, and examines their performances, relative to leading commercial joint-stock counterparts. The two business models show significant differences in the results they have achieved. The capitalization of the co-operative groups is significantly higher. They devote more attention to credit to the real economy and, as a result, are less active on financial markets. Funding is more oriented toward deposits from customers. Co-operative groups hold substantial lower credit risk, while in terms of both profitability and efficiency, significant differences between the two business models are found only with regard to the net interest margin.

Keywords: Crédit Agricole; Banque Populaire-Caisses d’Epargne (BPCE); Banque Populaire; Caisses d’Epargne; Crédit Mutuel; Louis Milcent; Ludovic de Besse; Charles Rayneri; Jules Paul Benjamin Delessert; Louis Durand; Fédération Nationale du Crédit Agricole (FNCA); Confédération Nationale du Crédit Mutuel (CNCM); Caisse Centrale du Crédit Mutuel (CCCM); Market share; Governance ratio; Performance; Capital; Risk; Profitability; Efficiency (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-030-21699-3_5

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DOI: 10.1007/978-3-030-21699-3_5

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