Crédit Agricole announces the definitive completion, on March 6, of the capital reduction decided by its Board of Directors on February 7, through the cancellation of 26,835,641 treasury shares representing approximately 0.9% of the share capital.
These shares were acquired between October 6, 2023 and January 26, 2024, as part of a share buyback program designed to offset the dilutive effect of the 2023 capital increase reserved for employees.
Following the cancellation of these shares, Crédit Agricole's share capital comprises 3,025,902,350 shares, including 1,360,622 treasury shares held under the liquidity contract with Kepler Cheuvreux.
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Crédit Agricole S.A. is one of the leading European banking groups and is the leading financial backer of the French economy. Net Banking Product breaks down by activity as follows:
- retail banking (30.1%): activities in France (Crédit Lyonnais) and abroad. Furthermore, the group is present in France via its 39 regional networks of branches (making it the biggest French banking network);
- finance, investment and market banking (30.1%): standard and specialized bank financing activities (financing for acquisitions, projects, aeronautical and maritime assets, etc.), stock operations, consulting in mergers and acquisitions, investment capital, etc.;
- asset management, insurance and private banking (25.9%);
- specialized financial services (13.9%): consumer loan, leasing and factoring (No. 1 in France).
At the end of 2023, Crédit Agricole S.A. managed EUR 835 billion in current deposits and EUR 516.3 billion in current credits.
NBP is distributed geographically as follows: France (46%), Italy (20%), European Union (14.3%), Europe (7.2%), North America (6%), Japan (1.3%), Asia and Oceania (3 .5%), Africa and Middle East (1.3%), Central America and South America (0.4%).