Credit Agricole Sa: Group Credit Agricole designated as Global Systematically Important Banks (G-SIBs) - bucket 2
27 November 2024 - 5:45PM
UK Regulatory
Credit Agricole Sa: Group Credit Agricole designated as Global
Systematically Important Banks (G-SIBs) - bucket 2
Montrouge, 27th November 2024
Press release
Group Credit Agricole designated as
Global Systematically Important Banks (G-SIBs) - bucket
2
Crédit Agricole has received notification by the
ACPR (“Autorité de Contrôle Prudentiel et de Résolution”), dated
November 27th 2024 that the Group has been designated on
the 2024 list of Global Systemically Important Banks (G-SIBs), in
the bucket 2 corresponding to its score based on end-2023 data.
This designation is the expected automatic
consequence of the growth of the Group Credit Agricole activities.
It illustrates the global top-tier position of the Group Crédit
Agricole.
This comes along with an increase of the
additional capital requirement (“GSIB buffer”) from 1% to 1.5% of
total risk weighted assets as of 1st January 2026. Up to
this date, the additional capital requirement of 1%, currently
applicable, will remain in force.
As a reminder, this additional capital
requirement will apply only to the highest level of consolidation
of Group Credit Agricole, showing the best level of solvency among
European G-SIBs, with a CET1 ratio at 17.4% at September-end 2024,
i.e. a 760 basis points distance to SREP requirements applicable as
at September-end 2024.
Contacts
CRÉDIT AGRICOLE S.A. INVESTOR RELATIONS
CONTACTS
Cécile
Mouton |
+ 33
(0)1 57 72 86 79 |
cecile.mouton@credit-agricole-sa.fr |
|
Equity investor relations: |
|
|
Jean-Yann
Asseraf |
+ 33
(0)1 57 72 23 81 |
jean-yann.asseraf@credit-agricole-sa.fr |
|
Fethi Azzoug |
+ 33
(0)1 57 72 03 75 |
fethi.azzoug@credit-agricole-sa.fr |
|
Oriane Cante |
+ 33
(0)1 43 23 03 07 |
oriane.cante@credit-agricole-sa.fr |
|
Nicolas
Ianna |
+ 33
(0)1 43 23 55 51 |
nicolas.ianna@credit-agricole-sa.fr |
|
Leila Mamou |
+ 33
(0)1 57 72 07 93 |
leila.mamou@credit-agricole-sa.fr |
|
Anna
Pigoulevski |
+ 33
(0)1 43 23 40 59 |
anna.pigoulevski@credit-agricole-sa.fr |
|
|
|
|
|
Credit investor and rating agency relations: |
|
|
Gwenaëlle
Lereste |
+ 33
(0)1 57 72 57 84 |
gwenaelle.lereste@credit-agricole-sa.fr |
|
Florence
Quintin
de Kercadio |
+ 33
(0)1 43 23 25 32 |
florence.quintindekercadio@credit-agricole-sa.fr |
|
Yury Romanov |
+ 33
(0)1 43 23 86 84 |
yury.romanov@credit-agricole-sa.fr |
|
Sophie Cord’homme
(ESG) |
+ 33
(0)1 57 72 49 28 |
sophie.cordhomme@credit-agricole-sa.fr |
|
CRÉDIT AGRICOLE PRESS CONTACTS
Alexandre Barat
+ 33 (0)1 57 72 45
73 alexandre.barat@credit-agricole-sa.fr
Olivier Tassain + 33
(0)1 43 23 25
41 olivier.tassain@credit-agricole-sa.fr
- 2024 11 27 PR Le Groupe Crédit Agricole désigné Etablissement
d’Importance Systémique mondiale (G-SIB) de catégorie 2
Credit Agricole (TG:XCA)
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