Credit Agricole : Conservative and reassuring targets for 2022
Crédit Agricole on 6 June 2019 presented its new strategic plan for 2022 and held a credit update this morning. The occasion provides an opportunity to review this solid credit. - The proposed plan is in line with the previous one, with targets that we consider conservative and therefore feasible. Revenue growth is to be driven by organic growth and intragroup synergies, whilst a firm grip will be kept on costs to offset continued IT spend. These factors will help absorb the expec...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.
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.
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