CCF is a French patrimonial and human scale bank that offers tailor-made support to individuals and professionals, along with relational, excellence, expertise as well as fluidity and simplicity
CCF completes acquisition of HSBC Retail Banking Activities in France. (Credit: Joshua Lawrence on Unsplash)
The acquisition of HSBC Continental Europe’s retail banking activities in France was completed on 1 January 2024 and these are now run by CCF (Crédit Commercial de France). The acquisition perimeter also includes HSBC SFH, renamed CCF SFH.
Following this transaction, My Money Group becomes CCF Group.
Capitalizing on its high-caliber retail network, the Group reaffirms its dedication to delivering exemplary retail banking and wealth management services.
The Group will have total assets surpassing 30 billion euros and a robust solvency position with a CET1 ratio exceeding 15% at close.
Further reinforcing its financial strength is a substantial liquidity position of around 10 billion euros in cash.
The entire CCF network as well as the online bank will be open for business from 2 January 2024 to support our clients in their financial and wealth projects.
Source: Company Press Release