The big day has finally arrived for our Group: welcome to our CCF employees and customers!
I am delighted to announce that we have completed the acquisition of HSBC Continental Europe's retail banking activities in France.
CCF (Crédit Commercial de France) welcomes you today. Following this acquisition, the CCF Group has a balance sheet of over €30 billion, with extremely solid solvency and liquidity: over €10 billion in cash and a CET1 capital ratio of over 15%.
I would like to extend my warmest thanks to all those who have made this historic project possible, thanks to their unfailing commitment and professionalism.
Niccolò Ubertalli
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