Social. Crédit Mutuel donates 12.5 million euros to the Red Cross and Food Banks

The Federal Alliance of Crédit Mutuel *, which brings together 14 of the 18 regional federations of the mutualist group, announced Tuesday donations of 7.5 million euros to the Red Cross and 5 million to food banks, after having already donated 5 million at Restos du Coeur in March.

Sunday, due to financial difficulties, the Restos du Coeur announced that they would be forced to reduce the number of their beneficiaries this winter, launching an appeal for help to which companies and the government responded the same day, promising support immediate. Monday, the family of Bernard Arnault, owner of the world number one luxury LVMH, announced to pay aid of 10 million euros to the Restos du Coeur.

“Facing the emergency”

In its press release on Tuesday, the Crédit Mutuelle Alliance Fédérale Foundation recalls that it had already paid in March aid of 5 million to the Restos du Coeur – whose group also provides security for the premises via its subsidiary Homiris. “To deal with the emergency and allow the structures to continue their support for the most deprived”, Crédit Mutuel Alliance Fédérale, via its foundation, announces that it has also decided to donate 7.5 million euros to the Red Cross. as well as 5 million for food banks.

At the beginning of the year, Crédit Mutuel Alliance Fédérale announced the creation of a “societal dividend, consisting in allocating 15% of its net income each year to the financing of environmental and solidarity transformation projects”. “With the societal dividend (525 million euros in 2023), we are putting our performance at the service of collective service” and “freeing up an additional 12.5 million euros to deal with the emergency this winter”, declared Nicolas Théry, Chairman of Credit. Mutuel Alliance Fédérale, and Daniel Baal, Managing Director, quoted in the press release.

Crédit Mutuel is a shareholder in the EBRA group to which your newspaper belongs.

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