Crédit Agricole is a French financial holding, which is one of the Big Four in France, alongside with BNP Paribas, Société Générale, and Groupe BPCE. Crédit Agricole S.A. is the main company for Crédit Agricole Group, the largest cooperation-based financial institution in the globe.
Crédit Agricole focuses on the following:
- Retail banking, accounting for around 30.70% of total revenue: The bank has 6M clients in France, with the services provided through 1,700 Crédit Lyonnais branches and other 39 region-based banks that have 6,800 branches (the largest chain in France). Besides, the company has 2,117 branches abroad catering to 5.3M clients and bringing 44% of total retail banking revenues.
- Asset management, insurance, and private banking, which accounts for 28.80% of total revenue
- Cooperation and investment banking, accounting for 26.70% of total revenue: The company caters to large corporations. This includes providing funds for mergers, financial advisory services, and stock trading.
- Other financial services, leasing and factoring: This accounts for 13.80% of revenue, the company being a domestic leader in this field.
In 2019, the core net profit of Crédit Agricole SA amounted to the record high of €4.582M, with the base yield being 11.90%. On February 13, 2020, the Board has increased the dividend payout amount to €0.70, which is 1.40% more than in 2018.
According to the Crédit Agricole Group structure, 55.90% of the dividends allocated by Crédit Agricole SA are paid to the regional banks that save a good part of their profits for supporting the local economy. The total payout ratio by Crédit Agricole Group is 17%.
As of December 31, 2019, Crédit Agricole S.A. market cap was at €37.20B.
Crédit Agricole was number 104 among the publicly traded companies in Forbes Global 2000 in 2019, while it was also number 167 by turnover, 160 by net profit, 15, by assets, and 337, by the market cap.
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