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Press release
The Board of Directors of Crédit Mutuel Arkéa requests the withdrawal of the draft general decision on strengthening cohesion presented by the Confédération Nationale du Crédit Mutuel
This project, if adopted, would constitute a new stage of centralisation by the central body and would be in total opposition to the principle of subsidiarity. It comes moreover in the midst of the Covid crisis and recovery plan, where banks must fully focus on supporting their individual, professional and corporate clients.
Brest, 14 January 2021 -
An exceptional meeting of Crédit Mutuel Arkéa s Board of Directors was held today and unanimously called for the immediate withdrawal of this project. In the case this request was not satisfied, the Board of Directors also gave a mandate to the executive management to take all measures to protect the group s interests. This could lead to legal action being taken before the various competent courts, even though the group has b