Crédit Agricole: strengthens its partnership with the EIB
February 01, 2024 at 09:35 am EST
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Crédit Agricole has announced that it is strengthening its collaboration with the European Investment Bank Group in 2024, with joint investment projects in strategic areas.
The two partners thus confirm their commitment to supporting the ecological transition of French and European SMEs and ETIs, as well as the public sector in France, from 2024 onwards, after having already financed more than E1.6 billion in 2023.
This dynamic cooperation between Crédit Agricole and the EIB Group has led to the identification of several avenues of collaboration, notably in the fields of energy transition, education and public health, and the bioeconomy.
This partnership is perfectly in line with the commitments made as part of the Crédit Agricole Group's Projet Sociétal, particularly with regard to supporting our corporate and agricultural customers in their energy transition," says Olivier Gavalda, Deputy Chief Executive Officer of Crédit Agricole S.A. in charge of Universal Banking.
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Crédit Agricole S.A. is one of the leading European banking groups and is the leading financial backer of the French economy. Net Banking Product breaks down by activity as follows:
- retail banking (30.1%): activities in France (Crédit Lyonnais) and abroad. Furthermore, the group is present in France via its 39 regional networks of branches (making it the biggest French banking network);
- finance, investment and market banking (30.1%): standard and specialized bank financing activities (financing for acquisitions, projects, aeronautical and maritime assets, etc.), stock operations, consulting in mergers and acquisitions, investment capital, etc.;
- asset management, insurance and private banking (25.9%);
- specialized financial services (13.9%): consumer loan, leasing and factoring (No. 1 in France).
At the end of 2023, Crédit Agricole S.A. managed EUR 835 billion in current deposits and EUR 516.3 billion in current credits.
NBP is distributed geographically as follows: France (46%), Italy (20%), European Union (14.3%), Europe (7.2%), North America (6%), Japan (1.3%), Asia and Oceania (3 .5%), Africa and Middle East (1.3%), Central America and South America (0.4%).