:''For the cycling team, see
Crédit Agricole (cycling team).''
'Crédit Agricole SA' (CASA) () 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)).
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 ''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.
See also
★
European Financial Services Roundtable
External links
★
Crédit Agricole's bank's official website