Report
Carine Maciol

Credit Agricole : Compelling strategy and solid fundamentals – Reaffirming our Buy recommendation.

>Strengths/Opportunities - - Crédit Agricole is the European leader in bancassurance and the leading asset management group. It is the largest life insurer in France and boasts genuine development capacities in non-life insurance. In French retail banking, Crédit Agricole's distribution capacity is strong, with more than 9,000 branches serving 27 million retail customers (52 million worldwide). At end-2017 its market shares stood at 23.2% in loans and 24.4% in deposit...
Underlying
AGRICULTURAL CREDIT SA

Credit 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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Carine Maciol

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