Card Issuer Profile: Crédit Agricole

Published by: Datamonitor

Published: May. 7, 2008 - 359 Pages

Table of Contents

Overview

Catalyst

Summary

Table of Contents

Table of figures

Table of tables

Crédit Agricole

Key findings

Company overview

Background

Ownership and management

RBS board of directors

Employees

Management values

Company structure

Geographical coverage

Crédit Agricole acquired Lukas Bank, one of Poland's leading consumer finance groups, in 2001

This marked the beginning of the group's restructure and years of transformation to help fulfill its growth ambition

As part of its ongoing growth strategy the group has placed further emphasis on its international expansion

Cards in issue

Number of debit cards in issue

Deferred debit and charge cards

Number of private label cards

Number of credit cards in issue

Balances outstanding

Key financials

Profit and loss accout

Balance sheet

Card product offering

The card product offering in France is diverse

Crédit Agricole's card offerings abroad vary depending on the market and are different from cards issued domestically

Sofinco launched its Visa Sofinco credit card, offering rewards without the need to collect points

Finaref is going from strength to strength with a number of new partnerships added over the last two years

Distribution

Company outlook

Crédit Agricole's ultimate goal is to grow its businesses in Europe to the same extent as its operations in France

Crédit Agricole S.A. launches 2006-2008 development plan

The group adopted a vast multi-brand strategy to achieve its growth ambition

While the multi-brand strategy has certain advantages it limits the group's brand awareness

The group's specialized consumer credit subsidiaries have strong positioning in the domestic market and the task at hand is to build its partnership relationships overseas

Furthermore there is scope to grow its credit card portfolio in the domestic market and farther afield

There is scope to grow Crédit Agricole's credit card operations in Europe and beyond

The French payment card market is sophisticated but credit card penetration is low

Outside of France, Crédit Agricole's credit card portfolio is growing strongly

There is an opportunity to grow in the rest of Europe where credit card penetration is low

The group has already positioned itself strategically in Africa and the Middle East

Latin America is also an important region for Crédit Agricole

US and Asia Pacific markets provide opportunities and should not by overlooked by the group

Datamonitor Competitor Benchmark

APPENDIX

Definitions

Co-branded card

Commercial card

Contactless card

Corporate card

Credit card

Private label card

Purchasing cards

Supplementary data

Methodology

Further reading

Ask the analyst

Datamonitor consulting

Disclaimer

List of Tables

Table 1: Crédit Agricole S.A. board of directors as of March 2007

Table 2: Crédit Agricole's global employees by geography, 2002-06

Table 3: Fees applicable to a selection of payment cards offered by Crédit Agricole, 2008

Table 4: Selected credit card offerings of Crédit Agricole's international subsidiaries, 2008

Table 5: Scorecard logic, part one

Table 6: Scorecard logic, part two

Table 7: Crédit Agricole S.A. revenues, operating cost and net profit, 2003-07

Table 8: Crédit Agricole group revenues, operating cost and net profit, 2003-07

Table 9: Crédit Agricole S.A. assets, 2003-07

Table 10: Crédit Agricole's debit cards in issue in selected European countries, 2003-06

Table 11: Crédit Agricole's deferred debit and charge cards in issue in France, 2002-06

Table 12: Crédit Agricole's credit cards in issue in selected European countries, 2003-06

Table 13: Value of credit card balances outstanding in selected European countries

Table 14: Current relevant Datamonitor publications, 2008

Table 15: Future relevant Datamonitor publications, 2008

List of Figures

Figure 1: The Crédit Agricole group structure, 2007

Figure 2: Crédit Agricole's main card issuing activities by region, 2008

Figure 3: Crédit Agricole has 6.1 million cards issued domestically and through its subsidiaries in Greece, Poland and Ukraine, 2003-06

Figure 4: The number of credit cards in issue is growing, 2004-06

Figure 5: Credit cards issued internationally account for the majority of total credit cards in issue, 2006

Figure 6: The value of balances outstanding was €954 million in France, Greece, Poland and Ukraine in 2006

Figure 7: Crédit Agricole S.A. has demonstrated strong financial performance during 2003-07

Figure 8: Crédit Agricole S.A. has a large balance sheet, 2003-07

Figure 9: Examples of Sofinco cards issued in partnerships, 2008

Figure 10: Crédit Agricole's competitor benchmark

Abstract

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