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Crédit Agricole

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For the cycling team, see Crédit Agricole (cycling team).

Crédit Agricole SA

Type	Semi co-operative
Founded	May 23 2000
Headquarters	Paris, France
Key people	René Carron, Chairman Georges Pauget, CEO
Industry	Finance and Insurance
Products	Financial Services
Net income	4.9 billion EUR (2006)
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)).

1 Structure of the group
- 1.1 Key services
2 Market presence
3 See also
4 External links

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.