Credit Agricole - the largest bank and one of the largest companies in France. An extensive branch network and the value of assets allows us to consider the largest banking group in France and one of the largest in the world.
Type - Public company
Year of construction - 1885
Location - Montrouge, France
Assets - € 1,537 трлн (2013)
Number of employees - 150 000 (2013)
The headquarters of Credit Lyonnais, which was acquired in the Credit Agricole Group in 2003
Bank history begins at the end of the XIX century with the establishment of regional agricultural credit institutions in France. Initially, these institutions provide only short-term loans. However, as they strengthen, begin to issue loans for a longer period.
Combining disparate local banks occurred in 1920, but ultimately the organization was formed in 1926 under the name Caisse nationale du Credit agricole.
Gradually the sphere of interests of the company fall into new areas: lending to the food industry, the acquisition of property and so on. Soon, Credit Agricole becomes a universal credit institution.
As the development of the market of classical banking services in France, the company turns its gaze on the financial markets and international expansion. International expansion covers Western, Central and Eastern Europe and passes through either acquisitions or entry into the capital on a strategic investor.
Since 1980, Credit Agricole and develops insurance market.
Credit agricole today is one of the largest financial institutions in the world.
The company is built on three levels: local banks, regional banks and subsidiaries.
Credit Agricole SA is owned by the local banks, and the controls in which 25% of the capital, without voting rights. This complex structure makes it possible to get discounts on the stock exchange in France. However, such a complicated ownership structure complicates management of the organization.
Despite the expansionary orientation of recent decades Credit Agricole is practically not represented in the UK and the US.