Crédit Agricole (CASA) - is one of the largest retail banking groups in France. Through its subsidiaries, Crédit Agricole 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. Total assets: €1.731 trillion (as of December 31, 2010). Net profit: €3.611 billion (2010).
The strength of its retail banks including 11,500 branches worldwide and the expertise of its specialised subsidiaries give Crédit Agricole an effective presence in all areas of banking and finance. More than 160,000 employees work to satisfy the banking requirements of 49 million customers in 70 countries.
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Crédit Agricole :: Press Releases
10.11.2011 Crédit Agricole Group reports third quarter 2011 net income of €930 million, compared to €684 million in third quarter 2010 (+36.0%). Good results and strong capacity at Group level to weather the sovereign debt crisis.
04.03.2011 Crédit Agricole reports full-year 2010 net income of EUR 1,263 million compared with net income of EUR 1,125 million in 2009 (up 12.3%).
19.11.2009 Net income Group share for the first 9 months was €692 million, including €289 million in the third quarter of 2009. These solid results were generated in a climate of persistent economic deterioration. More
Financial News
Citi gets approval to issue credit cards in China - 06.02.2012 The China unit of Citigroup Inc said on Monday that it has received regulatory approval to issue credit cards in China, the first non-Asian bank to receive permission. Source: Reuters
Three Swiss bankers indicted by U.S. in tax crackdown - 09.01.2012 U.S. authorities are moving toward taking legal action against Wegelin & Co., which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case. Source: Reuters
Islamic finance assets to hit US$ 1.1 trillion in 2012 - 22.11.2011 Islamic finance assets around the world are expected to climb 33% from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday. Source: Reuters
Spanish bank ratings downgraded by Fitch and S&P - 12.10.2011 Two leading credit rating agencies have downgraded some of Spain's largest banks, citing a deteriorating outlook for the Spanish economy. Source: BBC News
Spotlight on Islamic Retail Banking – strategies for fast growing industry - 07.10.2011 Islamic Banking is young but fast growing industry what brings challenges as need for standardization, expanding at the market, lack of public awareness about Islamic Banking (misinterpretation) and limited resources of qualified people in this particular industry. Source: Fleming Gulf
JBIC inks $43bn credit line pact with Japan banks - 05.10.2011 The Japan Bank for International Cooperation (JBIC) said Wednesday that it has signed separate pacts with three major Japanese banks to give them a combined $43 billion, or Y3.3 trillion, credit line, as part of the government's steps to encourage companies to go ahead with M&As overseas. Source: Nikkei
Crédit Agricole (CASA) - is one of the largest retail banking groups in France. Through its subsidiaries, Crédit Agricole 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. Total assets: €1.731 trillion (as of December 31, 2010). Net profit: €3.611 billion (2010).
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