Credit Agricole Bank

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

The Russian banking structure "Credit Agricole CIB" is the brainchild of a well-known French credit institution of the same name. Its field of activity in the domestic market is to serve not only large companies in our country, but also foreign commercial institutions that are doing successful business in Russia. In its work, the above credit organization focuses on cooperation with French investors, while partnership with representatives of the "retail" business is not included in the list of priority areas of its activity.

Appearance of a bank on the Russian market

In Russia, a foreign banking institution, which was originally called Lyon Credit, was founded in 1991. Subsequently, the credit institution was reorganized, as a result of which Credit Lyonnais became an integral part of the new financial structure called Credit Agricole Corporate and Investment Bank.

Bank owners

Currently, the above credit institution is a closed joint stock company,which is owned by two foreign companies: Credit Agricole S. A. C, which owns 82% of the authorized capital, and Credit Agricole Global Banking, controlled by it, owns 18% of the shares.

In Russia today there is one branch of the above company. Credit Agricole is primarily engaged in investing in commercial projects and servicing French entrepreneurs who develop their own business in the domestic service market.

Cooperation of the bank with representatives of small businesses is still in the future

Despite the fact that the credit institution is a participant in deposit insurance (CIS), its management does not yet consider the possibility of "close" cooperation with entrepreneurs representing small businesses.

Back in 2008, Credit Agricole initiated the possibility of creating a business development program, but due to the then crisis phenomena in the economy, the financial structure had to abandon the idea of partnership with "small" businessmen. However, this fact did not become any significant barrier to the development of the banking business.

In 2010, Credit Agricole's "net" income was 313.5 million rubles, and a year later - already 606 million rubles.

Last year's figures

Banking analysts note that as of April last year, the total assets of the credit institution in question amounted to almost thirty-seven billion rubles, while the totalliabilities - a little over thirty billion rubles. As for equity, its size almost reached the mark of four and a half billion rubles. The authorized capital of the financial organization has overcome the level of two billion nine hundred and nine million rubles. Certainly, Credit Agricole is a bank with a high degree of reliability.

The head of the Supervisory Board of the bank is P. Francois, and the chairman of the board is Chemeris E. S.

Quality of banking products

Professional auditors and statisticians checked the quality of banking products and rated them on a five-point scale for a solid "four". For a foreign financial structure, this is a high indicator, which was achieved thanks to the competent management of the bank and the improvement of the work of its employees.

Today, the main trumps of "Credit Agricole" in the competition in the banking market are car loans, mortgage lending, consumer lending.

In addition, the bank's employees are ready to offer corporate clients a profitable package of business services focused on the agro-industrial complex. Currently, the bank's management is trying to attract as many agricultural producers as possible to lending.

Also, experts note the high level of development of the payroll system for individuals and legal entities.

An achievement of the leadership of the financial structure can also be considered the fact that the bank took first place in the automotive financial market precisely becausethat partnership lending projects were used, the participants of which were well-known importers of cars in Ukraine and dealers selling them.

This is the scale of Credit Agricole's business. Ukraine is one of the countries in which there is a widely branched network of representative offices of the above credit organization. Only in it there are about two hundred branches and about three hundred ATMs, excluding contractual relations with the Atmosfera company, which owns more than three thousand terminals throughout the state.

What other factors provide a powerful pace of development

Such large-scale successes in the banking business became possible thanks to the financial assistance of the largest financial corporation in Europe - Credit Agrigol S. A..

Her customers are almost 60 million people around the planet. More than 150 thousand employees of the French holding work in 70 countries of the world.

High service service

The entire workforce of Credit Agricole certainly has a high level of professionalism. The customer service here is also excellent. It should be noted that the credit institution pays special attention to the development of the foreign market: Credit Agricole, whose branches are located all over the world, actively offers investment and commercial banking services.

It should be noted that the above credit institution cooperates with MasterCard International and Visa, serving payment systems. If aIf you intend to use existing lending programs or evaluate other banking services in practice, then Credit Agricole Cyb will be the best solution for you. The benefit to customers is clear.

Official website of Credit Agricole: www. ca-cib. com.

Conclusion

Favorable lending system, high quality service, a wide range of banking services, professionalism of employees - all these factors contribute to the successful development of the business, which is engaged in the above financial institution. Undoubtedly, Credit Agricole is a bank you can trust.