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03/18/2011 / FLASH
Commitment 2014: a new phase in Crédit Agricole CIB development
On March 17, 2011 Crédit Agricole S.A. group presented Commitment 2014, its medium-term strategic plan. This plan reflects a strong and clear ambition of achieving profitable organic growth.
Crédit Agricole S.A. is the first French banking group to publish a post-Basel 3 strategic plan.
Three strategic targets
Fully integrated into the Group, serving its large customers, Crédit Agricole CIB has refocused and progressed in line with targets, with the adoption of a less volatile risk profile.
Crédit Agricole CIB has set three strategic targets for 2014:
Crédit Agricole CIB has set three strategic targets for 2014:
- Selective expansion:
- Consolidate its model as a local corporate bank, with confirmed sector expertise on a global scale.
- Align its capital market and investment banking activities with the priorities of its corporate banking activities:
o equity activities capitalising on the Bank's sector expertise.
- Adapt its geographical presence according to priority customers, key sectors and access to liquidity.
- An optimised structure: rigorous management of resources and redeploying them to serve its expansion:
- Operating efficiency plan,
- Optimising of the international operations.
- Controlled resources: active management of risk-weighted assets:
- Ongoing Corporate and Investment Bank risk-weighted assets excluding regulatory impact of CRD 3 & 4 more or less stable in 2011-14.
