Groupe Credit Agricole: Full Year 2016 Results: Underlying Results Improve Despite Weak Performance of Domestic Retail Banking
FINANCIAL INSTITUTIONS ISSUER COMMENT 21 February 2017 Contacts Guillaume Lucien- Baugas 33-1-5330-3350 VP-Senior Analyst [email protected] Yana Ruvinskaya 44-20-7772-1618 Associate Analyst [email protected] Laurent Le Mouel 33-1-5330-3340 VP-Senior Analyst [email protected] Alain Laurin 33-1-5330-1059 Associate Managing DirectorCredit Agricole is active in the market of retail banking and related businesses. Co. provides day-to-day banking, savings products, mortgage and consumer loans, insurance, private banking, asset management, lease finance and factoring, corporate and investment banking. Its activities can be divided into six business lines: French Retail Banking - Regional Banks; French Retail Banking - LCL; International Retail Banking; Specialized Financial Services; Savings Management and Insurance; and Corporate and Investment Banking. Co.'s customers are personal customers, farmers, small businesses, companies and local authorities. As of Dec 31 2013 Co.'s total assets amounted to Euro1,536,873,000,000.
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