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CASA Group news / Crédit Agricole Assurances and ENGIE to bolster wind power partnership

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Crédit Agricole S.A. News in 60 seconds
4 January 2017
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Crédit Agricole Assurances and ENGIE to bolster wind power partnership

France's top insurer, Crédit Agricole Assurances, is to bolster its land-based wind power partnership with top French wind power player ENGIE by adding the wind power capacity of MAÏA EOLIS to their joint company FEIH. As a major institutional investor, CA Assurances is very aware of CSR issues. It works in the infrastructure and renewable energy markets to support energy transition in France, for which the Crédit Agricole Group is the top financier.

Mining and metals

Through its sectoral policy on Mining and Metals, the Crédit Agricole Group is seeking to limit environmental and social impacts linked to the financing of mining activities and mineral processing. Although the mining industry is considered as essential to the economy, it may nevertheless lead to negative impacts in terms of greenhouse gases or biodiversity, for example, or social impacts (community health and safety). In consequence, this policy specifies the criteria applied by the Group in its actions in terms of corporate social responsibility. Watch the video interview with Eric Cochard.

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In motion
In motion
Support for Italian businesses from Crédit Agricole Italia and the European Investment Bank

Crédit Agricole Italia and the EIB have an agreement to support growth in Italian SMEs (up to 250 employees) and ISEs (250 - 3,000 employee). It provides for a €100 million financing tranche to be made available, particularly to the agrifood sector. Businesses in the sectors of industry, services, tourism and climate change are also concerned. Working with the EIB means that CA Italia can continue its commitment to help Italian businesses that want to invest and grow. Over 600 projects were financed in 2016, amounting to about €80 million.

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France's rating threatened by ageing

With the proportion of dependent persons due to reach to 44% by 2040, vs today's 28%, France will be facing a huge increase in spending related to its ageing population. Ratings agency Standard & Poor's (S&P) estimates that, without additional measures, France's government debt could double to 166% of GDP in 2050. In the worst case, France's rating would plummet from AA to A in 2020, and then to BBB in 2035 - which is the current rating of Columbia and the Philippines. However, S&P stated that recent pensions and social security reforms should prevent this extreme scenario from occurring.

CA Payment employees on LinkedIn

Business expertise, know-how, work environment, etc. CA Payment Services employees are talking about all these subjects in their PLEIN CADRE series of profiles broadcast on their LinkedIn Company Page. This initiative spotlights the level of diversity in profiles, experiences, business lines and assignments at CAPS, the Crédit Agricole Group's payments subsidiary. CAPS is using this to increase its visibility - and that of the Group's employer brand - on the top professional social network.

In brief
Wafasalaf named Financial Company of the year in North Africa

Crédit Agricole Consumer Finance's Moroccan subsidiary was awarded the title of Finance Company of the Year - North Africa at the 2016 The European magazine's Global Business Awards. The leading Moroccan provider of consumer finance was rewarded for its financial solidity, its commercial performance and its social commitments.

Big wins for LCL at 2016 Trophées des Cartes Innovantes

LCL won four prizes in thirteen categories at the 2016 Trophées des Cartes Innovantes: the "affinity card" and "2016 card of the year" prizes for Platinum +, the "professional and business cards" and "prepaid cards" prizes for LCL Prépayé Entreprises. These prizes highlight LCL's ability to innovate to serve its customers.

Crédit Agricole Group support for Olives & Co expansion

IDIA Capital Investissement, joining Carvest*, has taken a holding in agrifood group Olives & Co, a specialist of gastronomy from the South of France with €30 million in sales, to support its continued expansion. Olives & Co is a long-term customer of the Val de France Regional Bank. It works across three market segments: fresh olives (Croc’frais and Mille et un Sud), spreads (Maison Raymond) and fish soup (Marie-Amélie and Le Marmiton).

* Crédit Agricole Régions Investissement: a subsidiary of the Champagne-Bourgogne, Franche-Comté, Centre-est, Touraine Poitou, Centre Loire, Centre Ouest, Nord Est and Val de France Regional Banks.

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4 January 2017 - Crédit Agricole Assurances and ENGIE to bolster wind power partnership - Mining and Metals - Support for Italian businesses from Crédit Agricole Italia and the European Investment Bank - France's rating threatened by ageing - CA Payment employees on LinkedIn

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