Credit Agricole Group


French farmers

France's Crédit Agricole Group (CAG) built its sound reputation and support base by lending to farmers, and today operates one of the largest retail network of banks in the country-with 28 percent of France's consumer market and a pan-European presence to boot. According to The Banker in July 2008, CAG is the second-largest retail banking group in Europe. The French cooperative bank also has a coveted place on the country's benchmark CAC 40 stock market index, boasts a presence in 60 countries and serves more than 21 million customers around the world.

Owned by a total of 41 Caisses Regionales de Crédit Agricole Mutuel, Crédit Agricole is a semi-cooperative bank that has five main subsidiary businesses. First and foremost is CAG's France-wide retail banking network LCL. This was acquired in 2003 and was previously known as Credit Lyonnais (which dates back to 1839). CAG's press savvy investment banking division is called Calyon (not to be confused with Calyon Financial, a separate global futures and options brokerage). The Asian securities brokerage division is CLSA, and CAG's insurance divisions are named Predia and Pacifica. Through these businesses, Crédit Agricole's areas of business are identified by the group as French retail banking, international retail banking, private banking, corporate and investment banking, asset management, insurance and specialised financial services.

Crédit Agricole S.A. was formed in 2001 to represent the Crédit Agricole Group as a central body and central bank. When it became a listed company in December 2001, it was organised to represent all of the group's business lines and entities. The group's 2,500-plus local banks are what make up the organisation's backbone. These local banks micromanage the capital of the regional banks, which themselves are cooperative organisations acting under the Crédit Agricole umbrella. As the overarching entity, Crédit Agricole S.A.'s three key objectives are to ensure uniformity in the operation if its various and diverse entities, to ensure financial unity among these entities and to ensure consistent commercial development throughout these entities.

Unico we stand

Crédit Agricole joined with eight other European cooperative banks in 1977 to create an "interbank lending club" called Unico Banking Group (CAG is the only French bank in the group), which boasts a combined total of more than 80 million clients. Pauget said Unico was created because "it showed that in the cooperative banking sector, there was a sort of commonality, that this alternate business model did have some advantages." The group was registered as a European Economic Interest Group (EEIG) in 1997.

Each of the individual cooperative banks in the group pursue their own strategies, and their businesses encompass a range of banking and financial services, including retail, corporate, investment and merchant banking. Occasionally, the group agrees to extend the cooperation "to outside parties" in order to serve its clients. Unico also boasts an international cash management service aptly named UniCash, made up of 27 partners throughout Europe and the U.S.

Credit Agricole Group

91-93 Blvd. Pasteur
Paris 75015
Phone: +33-1-43-23-52-02
Fax: +33-1-43-23-34-48


  • Employer Type: Public
  • Stock Symbol: ACA
  • Stock Exchange: Euronext
  • Chief Executive: Georges Pauget
  • 2010 Employees: 89,172

Major Office Locations

  • Paris, France

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