Crédit Agricole S.A.

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.

Contacts 
    Address  12 PLACE DES ETATS UNIS, 92120, MONTROUGE, France
    Website  http://www.credit-agricole.fr/
Head of Group   Crédit Agricole (France)
Bank Category  Mutual banks
Business Description 
    Services  retail banking
private banking
corporate banking
insurance
    Products  current accounts
debit cards
credit cards
savings accounts
time deposit accounts
pension accounts
securities accounts
consumer loans
mortgage loans
business loans
leasing
cash management
Financial Positions
    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)
Bank Identifiers
    BIC (SWIFT)  AGRIFRCCNAT
    MFI ID  FR30006

Products

Credit Cards

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.:

ProductCard ProviderAnnual Costs (EUR)Product Link
 Mastercard Gold [FR]Visa96.00View 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

Financial Positions

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.

Total Assets of Crédit Agricole S.A..
Chart 1. Total Assets of Crédit Agricole S.A..

Credit Ratings

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.

Fitch

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
    Outlook  positive
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  a
Support Rating  5
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).

Moody's

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 Rating  A2
Long-Term Bank Deposit Rating  A2
Bank Financial Strength Rating  ba1
Short-Term Rating  Ba2
Outlook  positive

Outlook for the ratings of Crédit Agricole S.A. is set to positive (may be raised).

Standard & Poor's

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
    Outlook  -
    Credit Watch  -
Long-Term Local Currency Rating  A
    Outlook  -
    Credit Watch  -
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

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

ECB Minimum Reserves Requirements (MRR)

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

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

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.

BIC  AGRIFRCCNAT
Bank BIC Code  AGRI
Country Code  FR (France)
Location Code  CC
Branch Code  NAT

MFI ID

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.

MFI ID  FR30006

Related Information on France

  Economy and Banking Sector of France

  List of Banks in France

Compare Banking Products

 Savings Accounts in France

 Time Deposit Accounts in France

 Credit Cards in France

 Consumer Loans in France


Country Information

  Economy and Banking Sector of France

  List of Banks in France


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