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| Type | Public, semi co-operative (Euronext: ACA) |
|---|---|
| Founded | May 23, 2000 |
| Headquarters | Paris, France |
| Key people | René Carron (Chairman of the board), Georges Pauget (CEO) |
| Industry | Financial services |
| Products | Banking, asset management, insurance |
| Revenue | €28.45 billion (2008)[1] |
| Operating income | ▲ €3.663 billion (2008)[1] |
| Profit | ▲ €2.451 billion (2008)[1] |
| Total assets | €1,784 billion (2008)[1] |
| Employees | 164,100 (2008)[1] |
| Website | www.credit-agricole.com |
Crédit Agricole SA (CASA) (Euronext: ACA) is the largest retail banking group in France, second largest in Europe and the eighth largest in the world by Tier 1 capital according to The Banker magazine. It is also part of the CAC 40 stock market index.
It was the title sponsor of the Crédit Agricole professional road cycling team from 1997 to 2008.
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Structure of the group
Crédit Agricole SA is a semi co-operative bank, being majority owned by 41 French Caisses Régionales de Crédit Agricole Mutuel. Its subsidiaries are:
- Calyon, the investment banking division of Crédit Agricole.
- Calyon Financial, global futures and options brokerage serving institutional investors.
- CLSA, the Asian securities brokerage division.
- Predica and Pacifica, the insurance divisions
- LCL (Previously Crédit Lyonnais), the nationwide retail banking network, acquired in 2003.
Key services
Through its subsidiaries, Crédit Agricole SA is involved in the following services:
- French Retail Banking
- International Retail Banking
- Specialised Financial Services
- Asset Management, Insurance and Private Banking
- Corporate and Investment Banking
Market presence
The Caisses Régionales (e.g. Crédit Agricole Normandie in the Lower Normandy region) mainly focus on rural areas and less on urban ones. However, the Crédit Lyonnais subsidiary has a significant presence in the big cities; the combination gives the Crédit Agricole group a leading market share in France.
Through all of its subsidiaries, Crédit Agricole SA has in excess of 21 million clients and a presence in over 60 countries.
The current objective of the group is to develop a strong presence in various other European banking markets by acquiring stakes in local banks in other countries.[citation needed]
See also
References
- ^ a b c d e Entire Crédit Agricole group. "Annual Report 2008". Crédit Agricole. http://finance.credit-agricole.com/IMG/pdf/2008_A01ENG.pdf. Retrieved 2009-08-15.
External links
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