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Paris, 16 July 2007
Today, Guillaume Rousseau, Deputy Chief Executive Officer in charge of developing Regional Banks at Fédération Nationale du Crédit Agricole, Bruno Carles, Head of corporate clients, local authorities and small businesses at Crédit Agricole S.A. and Patrick Dargent, Chairman of Réseau Entreprendre, signed a national agreement to be applied to each Regional Bank and regional associations of Réseau Entreprendre via specific agreements.
Fédération Nationale du Crédit Agricole (FNCA), Crédit Agricole S.A. and RESEAU ENTREPRENDRE have decided to provide a general framework for current regional collaborations and partnerships, which are already subject to partnership agreements on a local level. FNCA and Crédit Agricole S.A. will therefore become partners of Réseau Entreprendre and support some of its development actions.
The agreement involves:
- providing banking advisory services for individuals starting up or acquiring businesses, while giving them freedom to choose their financial partners;
- helping enhance the understanding of the relationship with the bank in supporting training and awareness efforts for associations;
- allocating resources to a response fund for interest free loans to associations belonging to the Réseau Entreprendre network;
- participating in research and exchanges of practices for setting up and acquiring a business.
Guillaume Rousseau and Bruno Carles “welcome this partnership with Réseau Entreprendre, a well known organisation recognised as being of public utility. It will give Crédit Agricole, No. 1 in the small business and corporate customers market, further impetus in its strategy of expanding its activities in this target market, as already initiated with partnerships such as the France Initiative Réseau network, which brings together various organisations supporting small businesses, such as local initiative platforms (PFIL), ADIE, France Active, Envie d'Agir, Concours Talents des Boutiques de Gestion and OSEO. The aim of the partnership with Réseau Entreprendre is to cement long-term relationships with all of the supporting networks that are already partners of Crédit Agricole”.
Patrick Dargent states that “this collaboration will enable Réseau Entreprendre to step up its efforts with the aim of offering a comprehensive range of services for those starting up or acquiring future small businesses. This assistance is made concrete by the provision of qualified assistance, validation of business plans by business managers, loans on trust and follow-up support for a period of at least two years. The partnership will enable Réseau Entreprendre to offer easy and extensive access for new businesses with the support of bank loans. The commitment of the Crédit Agricole Group will therefore back up the actions of the Réseau Entreprendre network's 35 member associations, facilitating their development by providing access to more projects - either start-ups or acquisitions - which should result in job creation”