Credit Agricole : Strategic plan – Few surprises but uncertainty lifted
>Conclusion – Detailed presentation is encouraging - Apart from the positive factors already identified (earnings target, cost-income, SWITCH, etc.), the detailed presentation of the strategic plan lifts several areas of uncertainty:Solvency: target of 11.0% including leeway of around 140bp after the factoring in of regulatory impacts (but excluding output floors) and the 50% reimbursement of SWITCH Assurance. Organic growth of RWA should only be around 1% per an...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.