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In 2012, Crédit Agricole CIB implemented the adaptation plan announced on 14 December, 2011, in response to regulatory constraints on liquidity, risk-weighted assets and capital. This plan aimed to refocus Crédit Agricole CIB on its areas of excellence, serving a portfolio of strategic clients (large corporates and financial institutions) and in leading financial markets that represent 85% of global GDP. Let's look back at this year of adaptations.
In 2012 equity derivatives and commodities activities were discontinued; equity brokerage activities were sold. Accordingly, Crédit Agricole CIB completed the sale of CLSA to CITICS and signed the sale of CA Cheuvreux to Kepler. These transactions are due to be finalised in 2013 after the usual agreements are obtained from regulatory authorities. Lastly, in December 2012, Crédit Agricole CIB and Société Générale announced the restructuring of Newedge. The separation of execution and clearing businesses is due to take effect in 2013.
In 2012, a new “Distribute to Originate” model was introduced, with the creation of the Debt Optimisation and Distribution business line. Over a year marked by difficult economic conditions in Europe, Crédit Agricole CIB came up with innovative solutions to finance the real economy and to assist its clients with their expansion. Crédit Agricole CIB has become the European leader in green bonds, by arranging four socially responsible bonds.
Despite an even weaker macroeconomic environment and strong liquidity and capital constraints, structured finance, one of Crédit Agricole CIB’s areas of excellence, maintained its leadership in 2012.
Major rewards were received, confirming Crédit Agricole CIB’s position as one of the world’s leading players:
Bonduelle transaction named "Best Financing Transaction of the Year" by the Club des Trente
1/5April 2013 - Crédit Agricole CIB joint bookrunner for a Hypothekenpfandbrief for Hypo Vorarlberg
2/5Crédit Agricole CIB 2012 Activity Report is online
3/5Crédit Agricole S.A. - 2013 first quarter results
4/5Crédit Agricole CIB in Hong Kong participates in Charity Ramp Run to help children in need
5/5
2012 was a year of transformation and refocusing. We reshaped the economic model of Crédit Agricole CIB, our Corporate and Investment Bank, with the main objective to accompany our clients.
2012 was a year of transition and a year of satisfaction: we took a first step, the implementation of our new business model. We now need to continue our efforts to make Crédit Agricole CIB a profitable CIB servicing Crédit Agricole group and the real economy.
Key events
