History
The history of Credit Agricole can be traced back to 1894. The founding acts were initiated in 1894 and 1899. The Office National du Credit Agricole was set up in 1920. In 1926, it was renamed to Caisse Nationale de Credit Agricole (CNCA). In 1945, Fédération Nationale du Crédit Agricole (FNCA) was formed. In 1966, CNCA became a fully-fledged central bank for the Regional Banks.Area of Operation
The businesses of Credit Agricole are:- French Retail Banking - Regional Banks
- French Retail Banking - LCL Le Crédit Lyonnais
- Specialized Financial Services
Key Statistics
- Credit Agricole holds assets of $1,380.50 billion.
- Credit Agricole has made profits of $7.43 billion in 2006.
- Credit Agricole operates in France and 60 countries worldwide.
- Credit Agricole has 136,848 employees.
Organization
Credit Agricole has a unified but decentralized organizational structure. The group has a cohesive financial, commercial and legal organization associated with a decentralized decision-making system. The organization is comprised of:- The first Banking Group in France
- Regional and Local Banks
- The Fédération Nationale du Crédit Agricole (FNCA)
- Crédit Agricole S.A.
- The Subsidiaries
International Ranking
- Credit Agricole ranks 46 in the world according to Forbes Magazine list.
- Credit Agricole ranks 19 in Fortune Global 500 list.
Subsidiaries
Crédit Agricole has various specialized subsidiaries in different fields of operation. These subsidiaries enable the Group to benefit from economies of scale and the commercial might of Crédit Agricole. They also offer customers a comprehensive range of products and services. The subsidiaries are:Specialized Financial Services:
- Sofinco Consumer Credit
- Finaref Consumer Credit
- Crédit Agricole Factoring
- Crédit Agricole Asset Management
- CPR Asset Management
- BFT Asset Management and Local Government Financing
- Predica Life Insurance
- Pacifica Property and Casualty Insurance
- Banque de Gestion Privée Indosuez
- Crédit Agricole (Suisse) S.A.
- Crédit Agricole Luxembourg
- CFM Monaco
- CACEIS
- Crédit Agricole Immobilier
- Cedicam Payment Systems
- Calyon Wholesale Banking and International Business
- LCL
- Banque Intesa
- Credit Uruguay Banco
- Banco del Desarrollo
- BES
- Bankoa
- Belgium CA
Recent Acquisition
In 1999, acquisition of Sofinco took place. There was also, acquisition of a 10% equity interest in Credit Lyonnais in the same year.Headquarter Address
91-93 Boulevard PasteurF-75015 Paris
France
Phone: 33-1-4323-5202
