DOCSLIB.ORG

2018 REGISTRATION DOCUMENT Including the Annual Financial Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2018 REGISTRATION DOCUMENT Including the Annual Financial Report CICDDR2018_EN_VBAT2_19_06_12_cl 2018 REGISTRATION DOCUMENT including the annual financial report cic.fr CICDDR2018_EN_VBAT2_19_06_12_cl CONTENTS CHAIRMAN’S STATEMENT 2 CIC’S PROFILE 4 4 NON-FINANCIAL PERFORMANCE 2018 SIMPLIFIED STATEMENT 317 ORGANIZATION CHART 6 4.1 A word from the Chairman and Chief Executive Officer 318 4.2 Preamble 319 4.3 CIC’s business and value-sharing model (BM) 320 4.4 The group’s non-financial risks and opportunities (R/O) 322 1 PRESENTATION OF CIC 9 4.5 Responsible management of Human 1.1 Business lines 10 Resources 325 1.2 Network contact information 25 4.6 A responsible economic agent 332 1.3 History of CIC 29 4.7 Being a trusted partner 340 1.4 Equity 31 4.8 An actor in culture and society 351 1.5 Dividends and non-voting loan stock 33 4.9 A stronger approach 1.6 Statutory auditors’ report to the environment 357 on the interest due on non-voting loan 4.10 Governance 363 stock 34 4.11 Methodological note 364 4.12 2018 indicators 366 2 CORPORATE GOVERNANCE 37 4.13 Cross-reference table 374 2.1 Corporate governance report 38 4.14 Independent auditor’s report on the consolidated non-financial 2.2 Statutory auditors’ report on the performance statement Board’s corporate governance report 50 in the management report 377 2.3 Special report of the statutory auditors on regulated agreements and commitments 51 5 LEGAL INFORMATION 381 5.1 Shareholders 382 3 FINANCIAL INFORMATION 53 5.2 General information 384 3.1 Risks and capital adequacy 54 3.2 Consolidated financial statements 207 ADDITIONAL INFORMATION 387 3.3 Statutory auditors’ report on the 6 6.1 Documents available to the public 388 consolidated financial statements 274 6.2 Person responsible 3.4 Annual financial statements 278 for the registration document 388 3.5 Statutory auditors’ report on the 6.3 Statutory auditors 389 annual financial statements 313 6.4 Cross-reference tables 390 6.5 Glossary 395 (1) For additional information about the Management Report, please refer to point 2 «Management Report» of the cross-reference table on pages 392 and following CICDDR2018_EN_VBAT2_19_06_12_cl 2018 REGISTRATION DOCUMENT including the annual financial report A leading bank both in France and abroad , CIC promotes a universal banking model that combines businesses covering all areas of finance and insurance, financial solidity and a long-term growth strategy. A technologically advanced bank within reach of its customers, CIC listens to its customers to provide products and services best tailored to their needs Flexible tools and adaptable products and services combined with the proximity of the networks allow CIC to offer the responsiveness that customers expect, regardless of their location. Through its commitment to the economy and society, and with a strong corporate governance system, CIC acts as a responsible bank in a rapidly changing world. High entrepreneurial standards with operations built around five areas of activity : RETAIL BANKING, CORPORATE BANKING, CAPITAL MARKETS, PRIVATE BANKING, PRIVATE EQUITY. The English language version of this report is a free translation from the original, which was prepared in French. All possible care has been taken, to ensure that the translation is an accurate presentation of the original. However, in all matters of interpretation, views or opinion expressed in the original language version of the document in French take precedence over the translation. This registration document was filed with the Autorité des marchés financiers (AMF – French Financial Markets Authority) on June 11 , 2019, pursuant to Article 212-13 of the AMF’s General Regulations. It may be used in support of a financial transaction if it is accompanied by a memorandum approved by the AMF. This document was prepared by the issuer and is binding on its signatories. CIC I 2018 REGISTRATION DOCUMENT 1 CICDDR2018_EN_VBAT2_19_06_12_cl CHAIRMAN’S STATEMENT CHAIRMAN’S STATEMENT Nicolas Théry 2 CIC I 2018 REGISTRATION DOCUMENT www.cic.fr CICDDR2018_EN_VBAT2_19_06_12_cl CHAIRMAN’S STATEMENT CIC wants to be at the forefront of change. New business lines are emerging while others are being transformed or reassessed. (+10.8%), telephony (+6.1% of contracts), theft protection (+3.9% of contracts), electronic payment terminals (+3.3%)... It’s also thanks to these attributes that CIC, the bank for people with an entrepreneurial spirit , continues to support one out of every three companies in France, Innovation and a multiservice strategy to support bringing them solutions to most closely meet their world of needs by entrepreneurs combining the tools of online banking with face-to-face relationships . The digital revolution continues. The digitalization of the economy, CIC owes these results to its employees’ constant involvement in the sustained competitive pressure, the low interest rate environment and company’s business plan. The importance given to training (6% of new regulations have helped change work habits, business lines and payroll) coupled with the adoption by employees of new tools and their modes of consumption. New business lines are emerging while others desire to make them known to customers are all factors contributing are being transformed or reassessed with the main goal of satisfying to the success of the transformation. the needs of more than five million customers (+ 1.9%(1)). Anticipating changes in the modern world, placing technology at the service of humans, continuing the same search for efficient and In this constantly changing economic and technological environment, development, CIC has all the attributes to achieve the ambitions set CIC, driven by the dynamics of Crédit Mutuel Alliance Fédérale and by the ensemble#nouveaumonde strategic plan launched at the end by its capacity to innovate and anticipate, continues to transform its of 2018. This plan is based on a +3% increase in the NBI per year and model successfully. At the end of the fiscal year, it posted a net profit of an increase of one-third of the net profit of Crédit Mutuel Alliance €1,395 million, up 8% and a CET1 solvency ratio of 13.0%, which reflect Fédérale in 5 years. both strengthened profitability and financial structure. Its net banking income was stable at €5,021 million and progressed in all activities, Nicolas Théry with the exception of capital markets, heavily penalized in 2018 by a turbulent environment. In terms of activity, the results attest to a strong commercial dynamic and the vitality of a network of almost 2,000 branches complemented by a digital offer adapted to needs and at the cutting edge of innovation. CIC, the bank for people Accounting deposits grew by 5.5%, total outstanding customer loans with an entrepreneurial spirit, supports by 10.0%. The long anticipated diversification strategy is also reflected in significant growth in all sectors. The insurance portfolio increased one out of every three businesses 5.5%, like the service activities, whether it concerns online banking in France by combining the tools of online banking with the proximity of 2,000 CIC branches. (1) Banking network. CIC I 2018 REGISTRATION DOCUMENT 3 CICDDR2018_EN_VBAT2_19_06_12_cl CIC’S PROFILE CIC’S PROFILE 2018 CIC, a holding and retail banking network in the Paris region, brings together 5 regional banks and specialized subsidiaries in all the finance and insurance business lines, in France and internationally. 5,138,230 customers* 4,138,450 119,693 741,741 INDIVIDUALS ASSOCIATIONS PROFESSIONALS 138,346 19,926 1,911 BUSINESSES EMPLOYEES** BRANCHES IN FRANCE 4 34 17 FOREIGN REPRESENTATION PRIVATE BANKING BRANCHES OFFICES LOCATIONS ABROAD Figures as of December 31, 2018. * Banking network. ** Full-time equivalent. 4 CIC I 2018 REGISTRATION DOCUMENT www.cic.fr CICDDR2018_EN_VBAT2_19_06_12_cl KEY CONSOLIDATED FIGURES KEY CONSOLIDATED FIGURES CAPITAL IN MILLIONS OF EUROS 2018 2017 2016 Net banking income 5,021 4,991 4,985 Operating income 1,664 1,685 1,729 Net profit/(loss) attributable to the group 1,385 1,275 1,352 Cost/income ratio(1) 63.1% 62.2% 61.6% (1) Overheads as a percentage of net banking income. TOTAL ASSETS SHAREHOLDERS’ EQUITY RETURN ON EQUITY(1) SOLVENCY RATIO (incl. non-controlling interests) COMMON EQUITY TIER 1 - BASEL 3(2) 294,704 15,123 15,101 10.6% 13.7% 269,316 14,117 12.5% 13.0% 264,840 9.3% 9.8% 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 CUSTOMERS LOANS CUSTOMER DEPOSITS SAVINGS MANAGED LIFE INSURANCE(4) AND HELD IN CUSTODY(3) 188,520 152,060 200,125 197,294 39,412 144,134 187,833 37,876 38,776 166,063 171,952 138,772 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 (1) Net income attributable to the company as a percentage of opening equity less dividends paid. (2) 2017 and 2018: Excluding net income. (3) Managed savings (life insurance, employee savings plans and UCITS) and customers’ securities in custody allocated to operational activities. (4) Amounts outstanding at the end of the month. CIC I 2018 REGISTRATION DOCUMENT 5 CICDDR2018_EN_VBAT2_19_06_12_cl 2018 SIMPLIFIED ORGANIZATION CHART 2018 SIMPLIFIED ORGANIZATION CHART • HOLDING COMPANY AND HEAD OF THE BANK NETWORK • REGIONAL BANK IN ILE-DE-FRANCE • INVESTMENTS, FINANCING AND CAPITAL MARKETS BANKING 100% 100% 100% 100% 100% Banking CIC CIC CIC CIC CIC network Nord Ouest Ouest Sud Ouest Est Lyonnaise NETWORK de Banque 100% 100% 100% Private Banque Banque CIC Banque Banking Transatlantique Suisse de Luxembourg 100% Private Equity CM-CIC Investissement SPECIALIZED 23.5% 99.9% 100% Specialized CM-CIC Asset CM-CIC Épargne CM-CIC BUSINESSES business lines Management Salariale Bail BY BUSINESS LINE 54.1% 95.5% 100% CM-CIC CM-CIC CM-CIC Lease Factor Aidexport 18.5% Groupe Insurance des Assurances du Crédit Mutuel SHARED- SERVICE 12.5% No capital No capital Euro GIE CM-CIC GIE Centre de Information Titres Conseil et de COMPANIES Services - CCS The percentages indicate how much is controlled by CIC within the meaning of Article L.233-3 of the French Commercial Code.
Load more

Recommended publications
  • 2018 REGISTRATION DOCUMENT Including the Annual Financial Report
    2018 REGISTRATION DOCUMENT including the annual financial report cic.fr CONTENTS CHAIRMAN’S STATEMENT 2 CIC’S PROFILE 4 4 NON-FINANCIAL PERFORMANCE 2018 SIMPLIFIED STATEMENT 317 ORGANIZATION CHART 6 4.1 A word from the Chairman and Chief Executive Officer 318 4.2 Preamble 319 4.3 CIC’s business and value-sharing model (BM) 320 4.4 The group’s non-financial risks and opportunities (R/O) 322 1 PRESENTATION OF CIC 9 4.5 Responsible management of Human 1.1 Business lines 10 Resources 325 1.2 Network contact information 25 4.6 A responsible economic agent 332 1.3 History of CIC 29 4.7 Being a trusted partner 340 1.4 Equity 31 4.8 An actor in culture and society 351 1.5 Dividends and non-voting loan stock 33 4.9 A stronger approach 1.6 Statutory auditors’ report to the environment 357 on the interest due on non-voting loan 4.10 Governance 363 stock 34 4.11 Methodological note 364 4.12 2018 indicators 366 2 CORPORATE GOVERNANCE 37 4.13 Cross-reference table 374 2.1 Corporate governance report 38 4.14 Independent auditor’s report on the consolidated non-financial 2.2 Statutory auditors’ report on the performance statement Board’s corporate governance report 50 in the management report 377 2.3 Special report of the statutory auditors on regulated agreements and commitments 51 5 LEGAL INFORMATION 381 5.1 Shareholders 382 3 FINANCIAL INFORMATION 53 5.2 General information 384 3.1 Risks and capital adequacy 54 3.2 Consolidated financial statements 207 ADDITIONAL INFORMATION 387 3.3 Statutory auditors’ report on the 6 6.1 Documents available to the
    [Show full text]
  • General Banking Terms and Conditions Personal Accounts Contents
    GENERAL BANKING TERMS AND CONDITIONS PERSONAL ACCOUNTS CONTENTS Introduction 2 Credits to and payments out of your account 8 Contacting each other 2 Our liability with respect to an unauthorised/ incorrectly executed payment transaction 10 Giving us instructions 2 Refunding pre-authorised payments Security 3 such as direct debits 10 Our liability to you and your liability to us 4 Interest rates, charges and fees 10 Using information about you 4 Statements 11 Changing these Terms and Conditions 6 Temporary overdrafts 11 Complaints and redress 6 Foreign currency accounts 12 The Payment Services Regulations 2009 Closing your account 13 and the Framework Contract 6 Changing your account 14 General information 6 Special conditions relating to foreign currency Opening an account 6 accounts, cheques drawn abroad, foreign currency cheques and foreign exchange services 14 Operating the account 7 Set off 15 Payment Card 7 Additional conditions relating to lending arrangements 15 Personal accounts 7 Definitions 15 Joint accounts 8 Payment processing information 16 Fixed term accounts and instant savings accounts 8 GENERAL BANKING TERMS AND CONDITIONS | PERSONAL ACCOUNTS | PAGE 1 | GENERAL BANKING TERMS AND CONDITIONS PERSONAL ACCOUNTS (THE ‘TERMS AND CONDITIONS’) These Terms and Conditions: 1.3 In the event of inconsistency between terms and conditions that refer to a specific product or service (a) apply if you have an account (including without limitation and these Terms and Conditions, the terms and any current account, savings account, foreign currency conditions referring to the specific product or service account, internet banking account and any other account will take precedence. held from time to time with Banque Transatlantique S.A.
    [Show full text]
  • Registration Document & Annual Financial Report
    registration document & annual financial report 2016 Building the future in a changing world Chairman’s statement Our businesses are changing and CIC is transforming In a rapidly changing environment, the group continued to develop its commercial activity in 2016, offering its 4.9 million customers banking products, insurance products and services that specifically meet their evolving needs. At a time of low interest rates, regulatory pressure and heightened competition, this strategy translates into significant growth in loans and deposits, as well as in insurance, telephone services and remote surveillance. The CIC group ends the year with net income of €1.361 billion, an increase of 21.8%. It continues to rely on the latest technology to make customer relationships, whether physical or digital, the focal point of its strategy. For example, in 2016 the group redesigned its website to offer a more functional customer area and a straightforward line of products and services tailored to all activities. As a bank for self-employed professionals and corporates – one in three companies is a customer – through its development strategy the CIC group continued to support the vitality of the real economy in an effort to boost growth, productivity, profitability and employment simultaneously. For example, thanks to this policy the "corporate" branches offer health insurance policies that do not require their employees to pay their healthcare costs in advance. As a bank for private individuals and associations, the CIC group continued to support the development of projects rooted in its customers’ day-to-day lives and in today's and tomorrow's society by developing a comprehensive range of products and services for every stage of life.
    [Show full text]
  • CIC in Brief 2 CIC in Brief
    2014 CIC in brief 2 CIC In brIef CIC Profile CIC, the holding company and network bank serving the Greater Paris region, comprises five regional banks and specialist entities covering all areas of finance and insurance both in France and abroad. 4,688,233 customers including: 3,872,578 individuals 75,642 associations 619,570 self-employed professionals 120,443 corporates 20,083 employees * 2,067 branches in france 3 foreign branches, 35 foreign representation offices and 25 foreign private banking offices The group’s activity is organized around five core businesses Retail banking encompasses the banking network – Private banking provides expertise in asset management comprising the regional banks and CIC in the Greater Paris and estate planning to entrepreneurs and private investors. region – and specialist activities whose products are It draws on the expertise of the group’s specialist business distributed through this network: life and property-casualty lines and subsidiaries in France and abroad. insurance, equipment and real-estate leasing, factoring, Private equity comprises equity investments, M&A advisory fund management, employee savings plans and real estate. services and financial and capital markets engineering. Financing encompasses financing for large corporates, It is organized around two businesses: CM-CIC Capital Finance institutional customers and value-added customers (export, and CM-CIC Investissement. CIC is one of the leading players project and asset financing), together with international in this segment in France outside the Paris region. operations and foreign branches. Capital markets activities comprise investments in fixed-income instruments, equities and credit, together with brokerage services. Data as at 31 December 2013 * Full-time equivalent CIC In brIef 3 Service offer CIC endeavors to establish a trusting and multi-channel relationship with its clientele of retail customers, associations and professional and corporate customers.
    [Show full text]
  • Privacy Policy Banque Transatlantique London Branch Privacy Policy
    BANQUE TRANSATLANTIQUE LONDON BRANCH PRIVACY POLICY BANQUE TRANSATLANTIQUE LONDON BRANCH PRIVACY POLICY ABOUT US – when you provide us with instructions to act on your behalf; Banque Transatlantique S.A. London Branch (“we”/“our”/“us”) – if you complete a survey, provide feedback or report a takes your privacy very seriously and is committed to protecting problem; and respecting your privacy. – if you contact or correspond with us (for example, by post, phone, e-mail, in person or otherwise) for any other reason. Banque Transatlantique S.A. London Branch is incorporated in France as a public limited company by shares (Societe The information you give us may include your: Anonyme) with its headquarters at 26, avenue Franklin D. – name; Roosevelt, 75008 Paris, France and registered with the Paris – date of birth; registry of companies (Greffe Du Tribunal De Commerce De Paris) with registration number 302 695 937. – age; – address; The UK establishment address of Banque Transatlantique S.A. London Branch is at Finsbury Circus House, 15 Finsbury Circus, – email address; London, EC2M 7EB, United Kingdom. – phone number and mobile telephone number; Banque Transatlantique S.A. London Branch is authorised by – gender; Banque de France and subject to limited regulation by the – nationality; Financial Conduct Authority and Prudential Regulation Authority. – employment status; Details about the extent of our regulation by the Financial – financial and credit history; Conduct Authority and the Prudential Regulation Authority are available from us on request. – children’s names and date of birth; and – financial knowledge and experience information. This Privacy Policy together with our Website Terms of Use, Cookie Policy and any other documents referred to in it, sets We hope you will provide us with this information.
    [Show full text]
  • CIC in Brief 2 CIC in BRIEF
    2015 FIGURES AS OF 12/31/2014 CIC in brief 2 CIC IN BRIEF CIC PROFILE CIC, the holding company and network bank serving the Greater Paris region, comprises five regional banks and specialist entities covering all areas of finance and insurance both in France and abroad. 4,773,895 customers, including: 3,929,813 individuals 80,013 associations 641,378 self-employed professionals 122,684 corporates 19,874 employees* 2,047 branches in France 3 foreign branches 35 foreign representative offices 22 foreign private banking offices The group’s activity is organized around five core businesses Retail banking encompasses the banking network – comprising Private banking provides expertise in asset management and the regional banks and CIC in the Greater Paris region – and estate planning to entrepreneurs and private investors. It draws specialist activities whose products are distributed through this on the expertise of the group’s specialist business lines and network: life and property-casualty insurance, equipment and subsidiaries in France and abroad. real-estate leasing, factoring, fund management, employee Private equity comprises equity investments, M&A advisory services savings plans and real estate. and financial and capital markets engineering. It is organized Financing encompasses financing for large corporates, institu- around two businesses: CM-CIC Capital Finance and CM-CIC tional customers and value-added customers (export, project Investissement. CIC is one of the leading players in this segment and asset financing), together with international operations and in France outside the Paris region. foreign branches. Capital markets activities comprise investments in fixed-income instruments, equities and credit, together with brokerage services.
    [Show full text]
  • FOI7652 Response Annex
    Registered/regulated list of firms that offer ‘safe custody services’ IBV International Vaults (London) Ltd RM Assets Limited F. J. Zelley (Norwich) Ltd Switch (MCR) Ltd SHAVO (EDINBURGH) LTD SHAVO (NOTTINGHAM) LIMITED Baird & CO. Limited Metropolitan Vaults Limited Magnum Storage (NE) LTD Shropshire Holdings Group LTD G4S BULLION SOLUTIONS (UK) LIMITED Britannia Safe Deposit Limited G4S International Logistics (UK) Limited Global Bullion & Vault Ltd Coventry Safety Deposit Centre Ltd Harrods Limited Bank House Lockers Limited Birmingham Safety Deposit Limited Selfridges Retail Limited Metropolitan Safe Deposits Limited St James' Safe Deposit Co. Limited Mourant & Co Capital (SPV) Limited Finchley Safe Deposit Vault Ltd Balthorne Safe Deposit Centres Limited The London Silver Vaults And Chancery Lane Safe Deposit Company Limited BJMW Limited Mint Securities Ltd Commerzbank Finance Limited Abbey & Fox Safe Deposit Limited UK Security Services Ltd Albemarle and Bond Jewellers and Prawnbrokers Ltd Safeboxes Limited Secure Deposits Ltd Malca Amit UK Ltd Fortified Management Ltd The Royal Mint Ltd Heathrow Safe Deposit Limited Happee Baby Ltd Lockgrove Safety Deposits Ltd Sovereign Safe Deposit Centres Ltd Zukhruf Aeternus Ltd The Safety Deposit Centre Ltd St James's Safe Deposit (Yorkshire) Ltd UK Safe Deposit Lockers Limited Aspire Safety Deposit Centres Ltd Rockwell Securities Ltd Neelkanth Safe Deposit Limited The Bank Safety Deposit Centre Ltd Manchester Safety Deposit Centre Limited Securus Securities Limited Ranigold London Limited MAXX Securities Ltd Shavo UK Limited DSDC (UK) Ltd Sharps Pixley Ltd Luton Safe Deposit Centre Limited Safe Deposit Centre (Oldham) Limited Shavo (Newcastle) Limited Shavo (Liverpool) Limited ABN AMRO Bank NV ABN AMRO Clearing Bank N.V., London Branch Allied Irish Banks Plc Alpha Bank London Limited Arbuthnot Latham & Co Limited Banco Bilbao Vizcaya Argentaria SA Banco Bradesco Europa S.A.
    [Show full text]
  • Opera Mundi EURO PE J
    Opera Mundi EURO PE j A WEEKLY REPORT ON THE ECONOMY OF THE COMMON MARKET 000000000000000000001coNTENTs100000000000000000000 Ir-----------~~~~i~i_i:::~.ecurity ~== : "BRXRY':! I n 0 I, , 0. A-- 0 ,: THE WEEK IN THE COMMUNITY : o ~ ·. 0 , : 0 o March 25 - March 31, 1968 ·: o ·~ g COMMON MARKET - AGRICULTURE Page 1 · •: g Q!~ ~11;_. g Failure of the Beef and Butter Deadline g v~·· g E .E .C. ECONOMY Page 4 g o Medium-Term Economic Policy Programme o g E .C .S .C. ,;~:('(,.. Page 7 g o Unions on Common Energy Policy ..:iAi~Jor o g Three Power Stations - ReadaptaJiorlrAid g o for Workers o g TRADE Page 9 g o Lead and Zinc Quotas o O 0 0 : ENLARGEMENT Page 9 . , o .g More from the Commission's Melting-Pot , g o : E . F . T .A • Page 11 o o Britain - Sweden - Unions 0 O 0 g , STUDIES AND TRENDS %1,r g · o The Pattern of Trade at EEC Ports, Part Ill . \ • o 0 0 . 0 , by Hans Stefan Seifriz o g : President, Bundestag Transport Commission, Bonn g 0 t'. 0 O 0 0 0 0 , :tJUllOFLASH: Business penetration across Europe o 0 0 0 \ 0 0 , 0 0 0 i Headlines Page A 0 l 0 o Index Page S o 0 , 0 0 I'I: 0 Q I 0 o I ' April 4, 1968 No • 455 o O I: 0 '0 '-------------------------------------------------------------------------------------------- 0 000000000000000000000000000000000000000000000000000 April 4, 1968 1 COMMENT A Letter from Paris GILT-EDGED INSECURITY It was virtually a certainty that, with France having failed to see eye to eye with her partners in the IMF for some years now, there would sooner or later come such a period of crisis as that which began at the week-end with her withdrawal .
    [Show full text]
  • Federal Reserve Board (FRB) Freedom of Information Act (FOIA) Case Logs 2016-2019
    Description of document: Federal Reserve Board (FRB) Freedom of Information Act (FOIA) Case Logs 2016-2019 Requested date: 13-November-2020 Release date: 23-November-2020 Posted date: 11-January-2021 Source of document: Information Disclosure Section Board of Governors of the Federal Reserve System 20th & Constitution Avenue, NW, Washington, DC 20551 Fax: (202) 872-7565 Electronic Request Form The governmentattic.org web site (“the site”) is a First Amendment free speech web site and is noncommercial and free to the public. The site and materials made available on the site, such as this file, are for reference only. The governmentattic.org web site and its principals have made every effort to make this information as complete and as accurate as possible, however, there may be mistakes and omissions, both typographical and in content. The governmentattic.org web site and its principals shall have neither liability nor responsibility to any person or entity with respect to any loss or damage caused, or alleged to have been caused, directly or indirectly, by the information provided on the governmentattic.org web site or in this file. The public records published on the site were obtained from government agencies using proper legal channels. Each document is identified as to the source. Any concerns about the contents of the site should be directed to the agency originating the document in question. GovernmentAttic.org is not responsible for the contents of documents published on the website. BOARD CIF GOVERNORS OF" THE FECERAL RESERVE SYSTEM WASHINGTON , • . C. 20551 ADDRESS OFFI C IAL CORRESPONDENCE TO T H E BOARD November 23, 2020 Re: Freedom of Information Act Request No.
    [Show full text]
  • Annex and Tables (PDF File, 625.0
    Annex and Tables 207 Annex Authorized institutions and local Representative offices 212 table A Major economic indicators 214 table B performance Ratios of the Banking Sector 216 table C Authorized institutions: Domicile and parentage 217 table D Authorized institutions: Region/economy of Beneficial ownership 218 table e presence of World’s largest 500 Banks in Hong Kong 220 table F Balance Sheet: All Authorized institutions and Retail Banks 222 table g Major Balance Sheet items by Region/economy of Beneficial ownership of Authorized institutions 223 table H Flow of Funds for All Authorized institutions and Retail Banks 224 table i loans to and Deposits from Customers by Category of Authorized institutions 225 table J loans to Customers inside Hong Kong by economic Sector 226 table K Deposits from Customers 227 table l geographical Breakdown of net external Claims/(liabilities) of All Authorized institutions Page 206 AnnuAl RepoRt 2012 • Hong Kong Monetary AutHoRity Annex Authorized Institutions and Local Representative Offices at 31 December 2012 LICENSED BANKS Incorporated in Hong Kong Bank of China (Hong Kong) limited Dah Sing Bank limited Standard Bank asia limited Bank of east asia, limited (the) DBS BanK (Hong Kong) liMiteD Standard Chartered Bank China CitiC Bank international FuBon BanK (Hong Kong) liMiteD (Hong Kong) limited limited Hang Seng Bank, limited tai Sang Bank limited (formerly known as tai yau Bank, limited CitiC Bank international limited) Hongkong & Shanghai Banking Corporation limited (the) Wing Hang BanK, liMiteD China Construction Bank (asia) Corporation limited industrial and Commercial Bank of Wing lung Bank limited China (asia) limited Chiyu Banking Corporation limited nanyang Commercial Bank, limited Chong Hing Bank limited Deletion in 2012 puBliC BanK (Hong Kong) liMiteD CitiBanK (Hong Kong) liMiteD MeVaS BanK liMiteD Shanghai Commercial Bank limited Incorporated outside Hong Kong aBn aMro Bank n.V.
    [Show full text]
  • Redstone Private Banking Update Q1 2019
    The Redstone Private Banking Update Welcome to the Redstone Private Banking Update 2019: Q1 As we close out Q1 2019 Redstone has tracked some interesting changes across EMEA, APAC and the Americas. Whilst many institutions have remained active there is a noticeable drop in overall volume based on the previous quarter. There are a number of contributing factors to this including continued Brexit uncertainty, fiscal year end and less obviously – a lot of teams are looking to consolidate on headcount gained in the flurry of activity witnessed in the latter half of 2018. One trend spotted was the percentage of senior hires moving to institutions such as BOS London, HSBC Germany and DBS Singapore. Once these seniors are settled and start to implement their mandates we expect to see a rise in hiring appetite through quarters two and three. Noteworthy Talent Moves in EMEA As is the norm in the day to day recruitment of talent, institutions throughout EMEA are aiming to on board bankers with strong established books showing good ROA. The UK domestic market remains active with Julius Baer adding several senior bankers to the team. On the continent, banks in Germany, Spain and Italy have expanded both their front line representatives and support teams. We have also noticed firms within the Swiss market such as Edmond De Rothschild go through substantial re-structuring and reorganisation which continues the narrative of consolidation we are witnessing here. This leads from a continuing trend spotted in the latter half of 2018 where net new money levels were stalling and cost reduction measures were announced.
    [Show full text]
  • INFORMATION DOCUMENT of Banque Fédérative Du Crédit Mutuel, a French Incorporated Company (Société Anonyme) and the CM11-CIC Group, a French Mutual Banking Group
    INFORMATION DOCUMENT of Banque Fédérative du Crédit Mutuel, a French incorporated company (société anonyme) and the CM11-CIC Group, a French mutual banking group Dated as of 27 May 2013 IMPORTANT PRELIMINARY NOTE This document contains information on the CM11-CIC Group (and its predecessors), the Banque Féderative du Crédit Mutuel (BFCM) and various other entities in the CM11-CIC Group. It may be incorporated by reference in offering documents for securities issuances by BFCM or its affiliates (including Crédit Mutuel-CIC Home Loan SFH), but it does not constitute an offer of any securities. Offers of securities may be made only by a prospectus, offering memorandum or other offering document that describes the terms of the relevant securities and their plan of distribution. The information in this document is derived from documents published by the CM11-CIC Group, BFCM and certain of their affiliates, including CIC. Those published documents may include annual and interim reports, investor presentations and other written communications. The information in those published documents (other than that specifically contained herein) is not part of this document. The information in this document is accurate and complete only as of the date set forth on the cover page hereof. There may be supplements to this document or other documents published subsequent to the date hereof that could supersede or render obsolete some of the information in this document. In addition, the prospectus, offering memorandum or other offering document for an offering may contain or incorporate by reference information on important recent developments that is not contained in this document.
    [Show full text]