Crédit Agricole Group joins 12 other major companies to support the French population
To help promote a more inclusive economy, Crédit Agricole has made the decision to commit to a collective comprised of twelve other major French groups, to provide concrete solutions in terms of the products and services it offers and help young people gain employment through traineeships.
What commitments has Crédit Agricole made?
The Group has been offering solutions to disadvantaged customers for a number of years now. Five new measures have just been added and predominantly address:
- protection from financial hardship and the management of income and expenditure: a new “overdraft alert” system will be launched next year to give all private customers 24 hours to take action before incurring overdraft fees. Furthermore, in March 2019, LCL will be launching “LCL Essentiel” for €2 per month, based on the EKO service offered by the Regional Banks. A “Budget Protected” account is also being introduced at €1 per month for customers in financially vulnerable situations (e.g. been refused a bank account or with crippling levels of debt).
- youth integration and access to employment: across the Crédit Agricole Group, 750 interns will be taken on from disadvantaged areas in 2019 and the number of work experience students will be doubled, with a target of 6,000 young people per year by 2020.