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Irani FelipeHdv Edouard

Crédit Coopératif• Diversified banking group which offers a wide

range of banking products and services.

• It is not only a bank, it is also a cooperative.

Crédit Coopératif• It finds its origins in the Social Economy

movement of the late 19th century.• Founded 120 years ago, the values of the bank

have remained the same and are written in its Principle Declaration:

“Working towards the development of legal entities that are part of the social economies, as well as

supporting public individuals.”

Mission• Working towards social responsibility, defining

social responsibility through cooperative banking and developing guidelines.

• Developing financial traceability tools.• Assessing its impact on the community in a

transparent way.• Inform and educate its clients and members

through guides and educational material.

Cycle of money● Resources of Crédit coopératif

- Money deposit (current accounts, saving accounts, short term deposit)

- Capital- Retained earnings- Interbank transactions

● 75% of resources used to finance loans● 25% cash surplus reinvested on short terms

Cycle of money● Loans repartition

- 50% private companies- 40% public interest structures- 10% public individuals

● 65% of credits finance social and solidarity economy: Social housing, Handicap, Health, Environment, Tourism, Sport

VCCT initiative● Voluntary contribution of Crédit coopératif● On every currency transactions at a rate of 0.01%● Objective is to provide innovate funding for development in

developing countries● Beneficiaries are several NGOs recognized in the international

cooperation for development

Other notable initiatives launched by the bank:● “Carte Agir” : a credit card which generates a small amount from

the bank for a charity, a NGO or anassociation for the activation and then, for each withdrawal. (2003)

● “QPS”: 0.02% of the last bond issue of the Crédit coopératif was offered to an association (2010).

I. ProfessionalismC. Misrepresentation

Stating that they would provide consistent and faithful representation of the assets, the financial situation

II. Integrity of Capital Markets

A. Material Nonpublic Information

Forms the subject of a full report that was issued to each member of the Board of Directors every year

III. Duties to ClientsFair DealingEvery member has the right to vote at

the annual general meeting under the principle “one person, one vote”.

Performance presentation.Credit cooperative assigned personal

staff for each client (private and individual clients)

Preservation of confidentialityC.C has a strict policy of transparency. It

explains where does the money for credits is received and where does it transfer

IV. Duties to EmployersAdditional Compensation● The ECOFI (Asset Management) has a “Say on

Pay” system, which means shareholders vote along to decide executives compensation

● For Credit Cooperatif, Market Operators have limited bonuses (no more than 4 months salary)

V. Investment Analysis, Recommendations and Actions

Dilligence and Reasonable Basis● Portfolio Managers are checked every month ● Administration Council meets two to three times a year ● Direction Committee meets weekly All this actions guarantee responsible management of the

portfolios and researches related to them.

VI. Conflicts of Interest At least one member of the

Audit Committee has specialist financial or accounting skills, and is independent as per the criteria set out and published by the Board of Directors

End“It’s time to give priority to the real economy, that

we finance as our vocation and as a matter of choice, and to patient finance that reflects life’s rhythms; the current situation lead us to believe, without pretentiousness but with conviction, that we are right in doing so.”

Jean-Claude Detilleux, Chairman of Crédit Coopératif Group

Any questions?