Crédit Agricole
Management
Jean -Marie Sander ( Chairman ) Jean -Paul Chifflet (CEO)
Crédit Agricole SA (CASA ), based in Paris is the listed Central Institute of co-operative Crédit Agricole Group, one of France's largest commercial banks.
The Bank is one of the 28 major banks, which by the Financial Stability Board (FSB) as " systemically important financial institution" ( systemically important financial institution) were classified. Therefore it is subject to special monitoring and stringent requirements on the level of equity.
Cooperative organization
The Crédit Agricole Group is a cooperative banking group, in addition to the listed Credit Agricole SA (CASA ) 39 Caisses de Crédit Agricole Mutuel Régionales ( cooperative regional funds ), which in turn consist of a total of 2544 individual cooperatives. The listed Credit Agricole S. A. (CASA ) is held to 56.3 % jointly by the regional coffers and keeps itself about 25 % of their shares. The entire Credit Agricole Group operates worldwide branches and 11,500 claims it has around 54 million customers.
Business
- Retail Business: While the Caisses Régionales cover the rural area full, has LCL ( from the former Crédit Lyonnais emerged ) a large market presence in the major cities. This combination gives the group a leading market share in many parts of the French territory. Internationally, the Bank is in the retail business in Italy ( Cariparma ), Morocco ( Crédit du Maroc ), Egypt ( Crédit Agricole Egypt ), Serbia ( Crédit Agricole Srbija ), Ukraine ( Credit Agricole Bank ) and Poland ( Credit Agricole Bank Polska ) represented.
- Is consumer credit, which operates under the name Sofinco in France and in Germany about Credit Plus Bank represented; : Specialized Financial Services factoring; Leasing, insurance and asset management.
- Finance and Investment Bank: Credit Agricole Corporate & Investment Bank (formerly Calyon ), which acts as a wholesale customer. Crédit Agricole Corporate & Investment Bank is originally derived from the merger of Banque de l' Indochine with the Banque de Suez Banque Indosuez and Crédit Lyonnais parts of the acquired in 2002. This has Crédit Agricole in the former French territories of Asia an excellent market presence. In this sector, Crédit Agricole Cheuvreux and CLSA also, the effect Broker of the group is located
- Other specialized stores
Stock market data
Crédit Agricole is listed on the Euro Next Paris Stock Exchange company, which also belongs to the French CAC40 stock index.
Criticism
In September 2010, Crédit Agricole was sentenced along with ten other banks by the Conseil de la Concurrence to a fine of 381 million euros. The banks had made an arrangement to the effect that they and July 2007 of its customers 4.3 cents per check fees check required by January 2002 in order to achieve extra profits. This was 80 % of the checks used in France. By 2002, the check transactions in France was free. After the intervention of the banking supervision, " unlawfully " called the gains, this practice was stopped. The banks of the cartel were also punished for excessive fees along with 3.8 million euros. Crédit Agricole played the Conseil de la Concurrence, according a leading role in the cartel, which is why their penalty 10 % was higher. It was further increased by 20 % since Crédit Agricole had been convicted in 2000 for obstruction of competition to a penalty.
Sponsor
Crédit Agricole is particularly through his work as a sponsor of the cycling team Crédit Agricole known around the world, who took part in the UCI ProTour, especially at the Tour de France and wore the emblems of the bank. The cyclist Greg LeMond, Bobby Julich, Jens Voigt, Stuart O'Grady, Thor Hushovd, Christophe Moreau, Jaan Kirsipuu and Magnus Bäckstedt were part of the team.