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Mutual credit: new clashes with Arkéa

2021-01-24T16:58:58.619Z

The Breton bank is opposed to internal regulations deemed too intrusive in its strategy. The truce will have been short-lived. After several months of calm, hostilities resumed between Crédit mutuel Arkéa, which has been involved in an independence project since 2018, and the central body of Crédit mutuel. A draft "general decision"emanating from the National Confederation of Credit Mutuel (CNCM) set fire to the powders. This plans to prohibit Crédit mutuel Arkéa, which brings togethe



The truce will have been short-lived.

After several months of calm, hostilities resumed between Crédit mutuel Arkéa, which has been involved in an independence project since 2018, and the central body of Crédit mutuel.

A draft

"general decision"

emanating from the National Confederation of Credit Mutuel (CNCM) set fire to the powders.

This plans to prohibit Crédit mutuel Arkéa, which brings together the federations of Brittany and the West of the mutual banking group, from using the name “Arkéa” alone in its communication.

In recent years, the size of the Crédit mutuel logo has greatly decreased (or even disappeared) on the bank's documents.

And only the name Arkéa appears in sports sponsorship activities (Arkéa-Paprec boat, Arkéa-Samsic cycling team, etc.).

In addition, another provision of the text provides for making certain

“significant”

acquisitions conditional

on the authorization of the confederation.

Friday evening, Crédit mutuel Arkéa "took note"

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Source: lefigaro

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