Press releases

Crédit Agricole Auto Bank announces the appointments of Robert Ogulluk as CEO of CA Auto Bank France and Sophie Moulin as Deputy CEO. She will take over the management responsibility of the Banking and Insurance Division as well as the Sales Division within the Banking and Insurance Division of CA Auto Bank France. These appointments are effective as of today.

In the presence of Nicolas Denis, Chief Executive Officer of Crédit Agricole Assurances; François Josse, Head of International Insurance at Crédit Agricole Assurances; Mary Ryan, Chief Executive Officer of CACI; Daniel Groeschner, Branch manager of CACI in Germany; Crédit Agricole Creditor Insurance (CACI), a subsidiary of Crédit Agricole Assurances, opened its new branch in Germany, located in Stuttgart.

The Board of Directors of Crédit Agricole Italia, meeting in an extraordinary session on February 12, 2025, has appointed Hugues Brasseur as Chief Executive Officer. He will also be proposed as Managing Director of Crédit Agricole Italia at the General Meeting on April 23, 2025.

2024 KEY FIGURES: Premium income[1] at a record high of 43.6 billion euros, up +17.2%[2] Net inflows of +6.6 billion euros, including +2.2 billion euros on the General Account Net income Group share of 1,959 million euros[3], up +11,5%2 Solvency II prudential ratio above 200%     ^ [1] Non-GAAP revenues ^ [2] Excluding the 1st consolidation of CATU (Crédit Agricole Towaraystow Ubezpieczeń, property and casualty insurance subsidiary in Poland) on 30 June 2024 with retroactive effect from 1 January 2024, changes are: +17.1% for total premium income, +43.6% for international premium income and +11.5% for the net income Group share ^ [3] The contribution to the net income Group share of Crédit Agricole S.A. amounted to €1,884 million. The difference with Crédit Agricole Assurances' net income Group share was mainly due to consolidation restatements, including subordinated (RT1) debt coupons for €45 million.

Continued strong earnings momentum in 2024

Amundi's Board of Directors met on 3 February 2025 under the chairmanship of Philippe Brassac, and approved the financial statements for the fourth quarter and full year 2024.

CA Personal Finance & Mobility finalizes the planned acquisition of 50% of the equity interests of GAC Finance Leasing Co. Ltd. (GAC Leasing), which becomes Guangzhou GAC-Sofinco Finance Leasing Co Ltd (GAC-Sofinco Leasing), the leasing company of one of the largest Chinese manufacturers Guangzhou Automobile Group Co., Ltd. (GAC Group), via a reserved capital increase. With this new joint venture, CA Personal Finance & Mobility will offer financial and operational leasing solutions on the Chinese market in 2025 and will thus promote the deployment of electric vehicles in China. This transaction consolidates a partnership existing since 2009 between CA Personal Finance & Mobility and GAC Group with the creation of GAC-Sofinco AFC, a 50-50 joint venture. The latter operates throughout China and offers automotive financing and services to the GAC-Honda, GAC-Toyota, AION, HYPTEC and GAC Motor networks, serving more than 3,000 dealers.

As the integration of environmental and social challenges continues, the volume of sustainable bond issuance is expected to reach c.EUR 900bn-eq in 2025, resulting in a c.10% growth vs 2024, according to Crédit Agricole CIB ESG Fixed Income Research team. Given the current macroeconomic and geopolitical landscape, the momentum for ESG investments in 2025 may not be as strong as required for the transition to a low-carbon economy to stay within the 1.5°C scenario. However, over the longer term, ESG investments and sustainable finance will continue to have a disruptive impact on capital markets.

Crédit Agricole S.A. and Santander have entered into an agreement for the acquisition by Crédit Agricole S.A. of Santander’s 30.5% stake in CACEIS, its asset servicing provider. Following the envisaged transaction, Crédit Agricole S.A. will control 100% of the share capital of CACEIS.

Met on 17 December 2024, the Board of Directors of Crédit Agricole S.A., chaired by Dominique Lefebvre, and on the basis of the opinion of the Appointments and Corporate Governance Committee, has appointed Olivier Gavalda as Chief Executive Officer of Crédit Agricole S.A. He will take up his position following the General Shareholders’ Meeting of 14 May 2025. The transition within the General Management of Crédit Agricole S.A. will be organised in the coming months.