Crédit Agricole Group

It is a French cooperative institution linked to agricultural activities since its creation. Possibly, it is the largest in the world in that area. It offers financial and corporate, retail, investment, and private banking services to all its clients.

History

During the 19th century, farmers needed credits so that their agricultural activities could prosper. Therefore, the Société de Crédit Agricole de l’arrondissement de Poligny was created in 1885 to meet the needs of these agrarian groups.

Due to certain needs of some politicians to attract votes from farmers, in 1894, Jules Méline established a Law to create local and regional agricultural banks. That way, Crédit Agricole was founded. That caused some problems because local banks did not have enough capital to stock up. Then, in 1897, the Bank of France provided funds to Crédit Agricole that served to consolidate its base and subsequently establish more local banks.

After World War I, the government ordered Crédit Agricole to take charge of the projects to develop and supply the lands and farms that had been left in disrepair by the War. In 1920 the National Agricultural Credit Office was created and was renamed Caisse Nationale de Crédit Agricole (CNCA) in 1926. From 1945, it expanded throughout the country by opening several offices.

That allowed it to gain more strength and help rebuild the economy after World War II. In that year (1945), the Fédération Nationale du Crédit Agricole (FNCA) was founded to represent the regional banks of that time. CNCA opened several branches that include Union d’études et d’investissements (UI), Segespar, and Unicrédit. Then, the institution took its first steps to expand internationally.

Swift Code

The Swift Code is the set of characters that identify the bank during an international money transfer: AGRIFRPPXXX

Routing Number

It refers to bank transfers from a particular bank. The route number of the Crédit Agricole is 026008073.

Number of Employees

The Crédit Agricole group has approximately 150,000 employees.

Rating

It represents the bank’s ability to face a risk or financial debt. Usually, the qualification is carried out by several qualified agencies.

Crédit Agricole has a rating of:

  • S&P = A+.
  • Moody’s = Aa3.
  • Fitch = A+.

A+ (S&P Global) = It means that the economic situation could affect financing.

Aa3 (Moody’s) = It has high quality and with a little more risk to long-term risks.

A+ (Fitch) = It represents a high solvency capacity and low risk of default.

Headquarters

The headquarters are located in Montrouge, France.

Website

Any additional information can be found on the official website:
http://credit-agricole.com

Services

This group offers services to manage the money of customers and companies through the creation of accounts (savings and checking), credit cards, and handle any transaction through mobile. The entity also allows basic banking operations such as saving money, investing, loans, and more.

Contact

  • Address: 50 avenue Jean Jaurès 92 120 Montrouge.
  • Phone Number: 01 57 72 90 45.