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Crédit Agricole: meeting the challenge
Paris, the 14 december 2011
Crédit Agricole: meeting the challenge
Capitalising on the market-leading position of its retail banks and associated business lines
The plan to reduce financing needs by €50bn by end-2012, asannounced on 28 September, had already achieved a €9bn reduction by end-October 2011
A new corporate and investment banking model focused on distribution and serving major clients
Exceptional write-downs of €2.5bn in Credit Agricole S.A.’s consolidated accounts with no impact on the Basel III Common Tier 1 Equity ratio. Against challenging market conditions the Crédit Agricole Group willpost a profit for 2011, despite Credit Agricole S.A. reporting a loss at the consolidated level.
Basel III Common Equity Tier 1 capital ratio of 10% for Crédit Agricole Group at end-2013
Crédit Agricole confirms its role as the leading financer of the French economy