Card Issuer Profile: Crdit Agricole

Content

• Overview
• Catalyst
• Summary
  • Crdit Agricole
• Key Findings
• Company Overview
  • Background
  • Ownership and management
  • RBS board of directors
  • Employees
  • Management values
  • Company structure
  • Geographical coverage
  • Crdit 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
  • Crdit 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
  • Crdit Agricole's ultimate goal is to grow its businesses in Europe to the same extent as its operations in France
  • Crdit 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 Crdit 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, Crdit 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 Crdit 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: Crdit Agricole S.A. board of directors as of March 2007
  • Table 2: Crdit Agricole's global employees by geography, 2002-06
  • Table 3: Fees applicable to a selection of payment cards offered by Crdit Agricole, 2008
  • Table 4: Selected credit card offerings of Crdit Agricole's international subsidiaries, 2008
  • Table 5: Scorecard logic, part one
  • Table 6: Scorecard logic, part two
  • Table 7: Crdit Agricole S.A. revenues, operating cost and net profit, 2003-07
  • Table 8: Crdit Agricole group revenues, operating cost and net profit, 2003-07
  • Table 9: Crdit Agricole S.A. assets, 2003-07
  • Table 10: Crdit Agricole's debit cards in issue in selected European countries, 2003-06
  • Table 11: Crdit Agricole's deferred debit and charge cards in issue in France, 2002-06
  • Table 12: Crdit 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 Crdit Agricole group structure, 2007
  • Figure 2: Crdit Agricole's main card issuing activities by region, 2008
  • Figure 3: Crdit 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: Crdit Agricole S.A. has demonstrated strong financial performance during 2003-07
  • Figure 8: Crdit Agricole S.A. has a large balance sheet, 2003-07
  • Figure 9: Examples of Sofinco cards issued in partnerships, 2008
  • Figure 10: Crdit Agricole's competitor benchmark