Crédit Mutuel posts record profit and refuses to fund presidential candidates as Amundi also hits earnings record
Crédit Mutuel Alliance Fédérale reported a net profit of €2.085 billion for the first half of 2026, a 14 % increase year‑on‑year, driven by strong performance of its retail networks and the integration of German bank OLB. The group highlighted investments in technology, artificial intelligence and solidarity actions such as loan moratoriums for fire‑affected households in southern France.
The bank also announced it will not provide financing to any candidate in the upcoming French presidential election, saying the lack of an explicit state guarantee makes such loans too risky. The decision was explained by Daniel Baal, president of Crédit Mutuel, amid discussions with the government about possible state‑backed risk‑sharing schemes.
Amundi posted record first‑half 2026 results, with net profit up 29 % in the second quarter and assets under management reaching about €2.6 trillion at the end of June. Net inflows totaled €56 billion for the six‑month period, including €24 billion in Q2. The firm also saw its joint venture SBI Funds Management listed in India at a valuation exceeding €10 billion.
Entities: Amundi · Crédit Mutuel Alliance Fédérale · Daniel Baal · Marine Le Pen · SBI Funds Management
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] The joint venture SBI Funds Management was listed on an Indian stock exchange with a valuation above €10 billion. (Amundi joint venture IPO)
- [○ 1 SOURCE] Amundi’s net new inflows amounted to €56 billion in the first half of 2026, including €24 billion in Q2. (Amundi results)
- [○ 1 SOURCE] Amundi’s net profit increased 29 % in the second quarter of 2026 compared with the previous year. (Amundi results)
- [○ 1 SOURCE] Crédit Mutuel Alliance Fédérale net profit was €2.085 billion in the first half of 2026, up 14 % year‑on‑year. (Crédit Mutuel Alliance Fédérale results)
- [○ 1 SOURCE] Amundi’s assets under management reached approximately €2.6 trillion at the end of June 2026. (Amundi results)
- [○ 1 SOURCE] Daniel Baal, president of Crédit Mutuel, announced the refusal to fund presidential candidates. (Statement by Daniel Baal)
- [○ 1 SOURCE] Crédit Mutuel integrated the German bank OLB as part of its international expansion. (Crédit Mutuel results)
- [○ 1 SOURCE] Crédit Mutuel Alliance Fédérale decided it will not finance any candidates in the French presidential election because there is no explicit state guarantee. (Crédit Mutuel decision)