Crédit Agricole S.A. is a member of Crédit Agricole group, one of the largest French banking groups and is one of the leading cooperative companies in the world. Traditionally focused on providing retail banking products and services in France, Crédit Agricole has expanded its positions into corporate and investment banking.
|Address||12 PLACE DES ETATS UNIS, 92120, MONTROUGE, France|
|Head of Group||Crédit Agricole (France)|
|Bank Category||Mutual banks|
time deposit accounts
|Total Assets (2015)||1 699.00 bln EUR (-3.63%)|
|Credit Ratings (as of Apr 2016)|
|Fitch||A (high credit quality)|
|Moody's||A2 (upper medium grade)|
|S&P's||A (strong capacity to meet its financial commitments)|
|Deposit Guarantee||Yes (up to 100 000 EUR per depositor)|
Credit cards are a convenient option to borrow funds for short-term financing. The following credit card products are offered by Crédit Agricole S.A.:
|Product||Card Currency||Card Provider||Annual Costs (EUR)||Product Link|
|Mastercard Gold [FR]||EUR||Visa||96.00||View Product|
[FR] This product is offered to French residents only. When clicking on the product link you will be redirected to the product page in French.
See Also: Credit Cards in France
In 2015 total assets of Crédit Agricole S.A. were 1 699.00 bln EUR. Decline compared to the previous period (2014) was -3.63%. The evolution of the total assets of Crédit Agricole S.A. is shown at Chart 1 below.
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government.Of the 'Big Three' rating agencies, Crédit Agricole S.A. is rated by Fitch and Standard & Poor's.
Credit ratings assigned to Crédit Agricole S.A. as of April 2016 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Crédit Agricole S.A. it is set to A (high credit quality), outlook is positive (may be raised). The rating is not on watch. Short-term issuer default rating for Crédit Agricole S.A. is set to F1 (highest short-term credit quality).
|Long-Term Issuer Default Rating||A|
|Short-Term Issuer Default Rating||F1|
|Support Rating Floor||NF|
Viability rating for Crédit Agricole S.A. is set to a (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).
Long-term rating for Crédit Agricole S.A. it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Bank financial strength rating is ba1. Short-term rating is set to Ba2.
|Long-Term Bank Deposit Rating||A2|
|Bank Financial Strength Rating||ba1|
Outlook for the ratings of Crédit Agricole S.A. is set to positive (may be raised).
Long-term foreign currency rating for Crédit Agricole S.A. is set to A (strong capacity to meet its financial commitments). Long-term local currency rating is set to A (strong capacity to meet its financial commitments).
|Long-Term Foreign Currency Rating||A|
|Long-Term Local Currency Rating||A|
|Short-Term Foreign Currency Rating||A-1|
|Short-Term Local Currency Rating||A-1|
Short-term foreign currency rating for Crédit Agricole S.A. is set to A-1 (strong capacity to meet its financial commitments). Short-term local currency rating is set to A-1 (strong capacity to meet its financial commitments).
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in France are obliged to participate in French deposit guarantee scheme.
In the case of Crédit Agricole S.A. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, legal entities|
|Covered Accounts||all deposit accounts (current accounts, demand accounts, passbook accounts, term accounts, home savings accounts, home savings schemes, etc.)|
|Covered Currencies||all currencies|
|Maximum Protected Amount||100 000 EUR|
|Paid In Currency||EUR|
Further Information: Deposit Guarantee Scheme in France
Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.
|Subject to MRR by ECB||Yes|
|Exempt from MRR by ECB||No|
Any bank can be identified for different purposes and hence can have several different identifiers.
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of Crédit Agricole S.A. and its components are shown in the table below.
|Bank BIC Code||AGRI|
|Country Code||FR (France)|
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of Crédit Agricole S.A. is shown in the table below.