Crédit Agricole S.A. today formalized the launch of its annual reserved capital increase for employees. Part of the group's policy to involve staff in the institution's financial performance, this initiative is open to more than 190,000 eligible employees and retirees worldwide.
For this 2026 edition, the banking giant is offering attractive terms: the subscription price for new shares will include a 20% discount on the arithmetic mean of Crédit Agricole S.A. opening share prices, calculated over the period from May 26 to June 22, 2026 inclusive. The subscription period will run from June 24 to July 8, and the issuance of new shares will take place on August 27, 2026.
These new securities will be immediately eligible for the dividend paid in respect of the 2026 fiscal year. Subscribers will thus be able to receive an initial interim dividend as early as October 2026.
A 96 million euro envelope with no dilutive effect for the market
The operation provides for the issuance of a maximum of 32 million shares, representing a nominal amount of 96 million euros.
To reassure current shareholders and prevent a decline in share value on the market, Crédit Agricole S.A. specified that this capital increase will be coupled with a share buyback program. This mechanism will fully neutralize the dilutive effect of the issuance, subject to receiving the green light from the European Central Bank (ECB).
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:
- finance, investment and market banking (31.3%): 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 (28.2%);
- retail banking (28.1%): 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);
- specialized financial services (12.4%): consumer loan, leasing and factoring (No. 1 in France).
At the end of 2025, Crédit Agricole S.A. managed EUR 894.5 billion in current deposits and EUR 559.2 billion in current credits.
NBP is distributed geographically as follows: France (47.7%), Italy (19.9%), European Union (15%), Europe (6.3%), North America (5.3%), Japan (1.1%), Asia and Oceania (3.4%), Africa and Middle East (1%), Central and South America (0.3%).
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