Crédit Industriel et Commercial

Crédit Industriel et Commercial (CIC ) is a French group of regional banks. Since 1998 part of the majority of shares of the bank Crédit Mutuel.

CIC provides financial services of various kinds focus is the SME financing. In this market segment, CIC has a customer share of around 34 percent.

CIC employs approximately 57,000 employees in 4990 offices. It has the second largest branch network in France. CIC is represented in 47 countries with offices and has by the end of 2006, total assets of 325 billion euros. The company is based in Paris.

The company was founded in 1859. For CIC Banque CIAL, headquartered in Strasbourg, as well as the Bank CIC ( Switzerland ), headquartered in Basel and Banque Pasche based in Geneva. For CIC also include 100% Banque de Luxembourg and Banque Transatlantique.

Criticism

In September 2010, Crédit Industriel et Commercial, was sentenced along with ten other banks by the Conseil de la Concurrence to pay a fine in the amount of 381.1 million euros. The banks had made ​​an arrangement to the effect that they and July 2007 of its customers 4.3 cents per check fees check required by January 2002 in order to achieve extra profits. This was 80 % of the checks used in France. By 2002, the check transactions in France was free. After the intervention of the banking supervision, " unlawfully " called the gains, this practice was stopped. The banks of the cartel were also punished for another, excessive fees with a total of 3.8 million euros.