The world's local bank Annual Report and Accounts CCF - HSBC

CCF
Financial highlights (continued)
Based on the average principal outstanding in the
year, customer loans granted by CCF’s branch networks
in France rose by 1.1 per cent, due to sustained
activity in the retail market.
Retail loans increased by 7.6 per cent to €7.0 billion.
Based on the average principal outstanding in the
year, demand deposits taken by CCF’s branch networks
rose by 3.1 per cent in total. Business deposits rose by
3.4 per cent and retail deposits by 2.8 per cent.
Shareholders’ funds
(after appropriation of net profit for the year)
Customer deposits
Customer deposits including repo transactions
amounted to €26.6 billion compared with €24.9 billion
at the end of 2002.
Excluding repo transactions, customer accounts
were up 2.5 per cent to €24.3 billion, compared with
€23.7 billion at the end of 2002.
Group shareholders’ funds, after appropriation of net
profit for the year, amounted to €3.4 billion compared
with €3.3 billion at the end of 2002.
The increase was principally due to the transfer of
part of the net profit for the year to retained earnings
(dividend payout of 74.2 per cent).
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