Credit Agricole in December lifted its stake in Italy's third-biggest lender, Banco BPM SpA, to about 15% after rival UniCredit SpA made an unsolicited takeover bid for the firm. Credit Agricole has commercial agreements with both lenders, and an acquisition of Banco BPM by UniCredit would raise questions about them. The Italian operations generated over (Euro)1.2 billion ($1.2 billion) in profit last year, Grivet said in the interview to highlight the importance of Credit Agricole's biggest market outside France. That's "close to 15% or 16%" of the lender's total net income, he said. Grivet speaks to Kriti Gupta, Guy Johnson and Lizzy Burden on 'Bloomberg: The Opening Trade'.
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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