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#EconomyChina: confidence, price war and credibility are the watchwords in this early part of the year
2024/03/26
- 2011/09/28
- 3 min
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Crédit Agricole: adapting to the new environment
Changes in the operating environment
Initiatives to boost liquidity already paying off
Short-term debt down from €170bn at 30 June 2011 to €145bn at 14 September 2011
Withdrawal from money-market funds deftly dealt with
Objectives for adapting to the new environment:
€50bn structural reduction in debt between June 2011 and December 2012
Our plan of action
Corporate and Investment Banking: €15-18bn reduction in financing requirements
Specialised Financial Services: €9-11bn reduction in financing requirements
Liquidity reserves
More than €110bn of available liquidity reserves
Limited and manageable exposure to peripheral eurozone countries
Our advantages: a resilient business model and the strength of the Crédit Agricole group