Crédit Agricole CIB
The cooperation aims to expand the natural market of each of the Caisses by reaching a critical size, to pool the cost of expertise that can be provided by Crédit Agricole subsidiaries (CA-CIB), or by external services (business lawyers, consultants, etc.). Nevertheless, “the main aim of the project is not to achieve economies of scale, but to expand in these new markets that offer added value and reputation”, emphasises Marc Fabre.
The two Regional Banks have also grouped together their telephone and back-office platforms for property and casualty insurance and provident insurance for farmers, professionals, individuals, local authorities and associations. This merger is also aimed at development, since it has led to the creation of eight net additional jobs.