Crédit Agricole
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- For the cycling team, see Crédit Agricole (cycling team).
| Crédit Agricole SA | |
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| Type | Semi co-operative |
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| Founded | May 23, 2000 |
| Headquarters | Paris, France |
| Key people | René Carron, Chairman Georges Pauget, CEO |
| Industry | Finance and Insurance |
| Products | Financial Services |
| Employees | 134,000 |
| Website | www.credit-agricole.fr |
Crédit Agricole SA (CASA) (Euronext: ACA) is the largest banking group in France, second largest in Europe and the sixth 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 is the main sponsor of a professional road cycling team (see Crédit Agricole (cycling team)).
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[edit] Structure of the group
Crédit Agricole SA is a semi co-operative bank, being majority owned by 43 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.
[edit] 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
[edit] 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 Le Credit Lyonnais subsidiary has a good presence in the big cities, and the combination gives the Crédit Agricole group a leading market share in French territory.
Through all of its subsidiaries, Crédit Agricole SA has in excess of 21 million clients and a presence in over 60 countries.
The objective of the group is now to develop a strong presence in various other European banking markets, by acquiring participations in local banks in other countries.
[edit] External links
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Accor | AGF | Air Liquide | Alcatel | Alstom | Arcelor-Mittal | AXA | BNP Paribas | Bouygues | Capgemini | Carrefour | Crédit Agricole | |
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