Crédit Agricole in Italy

Crédit Agricole has been present in Italy, the second Group domestic market, since 1972. It has been deploying a Universal Proximity Banking strategy since 2007 with the acquisition of Cariparma and Friuladria, followed by Carispezia in 2011.

The Proximity Banking activity in Italy includes the historical networks of the Gruppo Bancario Crédit Agricole Italia (“CA Italia”) namely CA Cariparma, CA Friuladria and CA Carispezia (the latest was fully merged with CA Italia in July 2019), and the three banks (Cassa di Risparmio di Cesena, Rimini and San Miniato) acquired in Dec. 2017 and successively merged with CA Italia.

All the networks operate under the brand Crédit Agricole, recognized as a strong stable international bank on Italian market.

CA Italia is present in 11 Italian regions which represent 73% of the country population and generating more than 80% of national GDP.

Recognized for its customer-centric positioning, CA Italia is a Proximity Bank covering all market segments (Private Individuals, Entrepreneurs, SMEs, Corparate, Agri-Agro, Private banking) with a wide and integrated product offer.

All the Group business lines are present in Italy: consumer finance, leasing and factoring, corporate and investment banking, asset management, investor services, wealth management, Insurance.

2023 was marked by the development of new products and services with the support of the Group’s business lines, all in a bid to provide products and services that are more digital and more in line with our societal commitments.

 

 

Highlights - Prizes and Awards

 

• Completion of the integration of Credito Valtellinese (CreVal).
• Expansion of the Le Village ecosystem: opening of a third facility in Padua (Triveneto region), specifically focused on ESG.
• Launch of the first two ESG-linked products dedicated to the agri-food sector (Agri Energia and Agri Blu); creation of a team dedicated to the NRRP (National Recovery and Resilience Plan); Ecobonus.
• Individual clients and companies support to deal with tyhe risong energy costs, including the suspension of loan repayments (up to 12 months) and the granting of reduced rate loans (16 billion ceiling for all these actions).
• Digital offering: streamlining and strengthening of remote non-life insurance sales; new savings management features for using bank account liquidity.
• Acceleration of intra-group synergies to develop cross-selling. Several examples of strategic projects with Crédit Agricole CIB (joint management of a group of corporate customers selected for a high-end offering); with CAA for non-life bancassurance and CAIWI for savings management.
• Doubling of parental leave for fathers from 2023.
• Ranked No 2 (among universal banks in Italy) on the Strategic Net Promoter Score with strong growth of its customer base in 2022 (150,761 new customers).

Rating

Moody’s: Baa1, stable
Fitch : BBB-
(Ratings as of Q1 2021)

 

 

Source: BPI/Fin – Data at 12/31/2020

Development of a universal bank

Potential growth for customer, synergies and market share across all our business lines thanks to:

• Major digital transformation (acquisition, online sales and selfcare)
• Accelaration in four segments (real estate, agri-food, insurance, savings)
• Improving efficiency

Italy is the Crédit Agricole Group’s second domestic market.

All of the Group’s business lines are present in the country: commercial banking, consumer credit, corporate and investment banking, asset management, insurance, and services dedicated to wealth management, which complement the whole range of products. Close collaboration and developed synergies between the commercial network of banks and business lines makes it possible for Crédit Agricole to bring a vast and comprehensive range of offers to Italy, serving all economic players.

 

 

 

 

 

 

 

 

Data	France	Italy
Currency	EUR	EUR
Population (in millions)	67.1	60.2
Population growth rate	0.3	-0.2
Nominal GDP (in USD billions)	2,599	1,885
Real GDP growth, annual (%)	-8.2	-8.9
Nominal GDP growth (%)	-6.2	-7.8
GDP per inhabitant, current USD	39,907	31,288
Inflation rate	0.5	-0.1
Unemployment (%)	8.0	9.1
National saving rate	21.4	21.1
Household savings rate	21.3	15.8
Budget deficit/GDP (%)	-9.2	-9.5

source : Insee FMI, ECO (Data at end 2020)