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[gibbs1] 31/5/2022 07:33

FINTECHFUTURES


Credit Agricole Bank Polska launches new app with Efigence

Written by
Shruti Khairnar

31st May 2022

Credit Agricole Bank Polska has partnered with tech firm Efigence to release a new application for individual customers and small and medium-sized enterprises (SMEs).

Efigence partners with Credit Agricole Polska for new app

Called CA24, the firms say the mobile application has been “designed completely from scratch” and offers a “unique” customer experience.

The app has enhanced daily mobile banking by revamping aspects of the user interface and making it more interactive.

“One of the most important underlying assumptions of the application was the optimisation of everyday use,” the firm says.

“This is one of the purposes of the accordion, an element of the start screen interface, enabling the customer to quickly access comprehensive knowledge about their current financial life,” it adds.

Efigence is a technology company providing UX/UI development and consulting services for the financial sector.

“In line with the bank’s strategy, we put a lot of emphasis when designing on showing additional benefits to the user,” says Pawel Dunia, UX director at Efigence.

Efigence says it is also the co-author of a solution named “rzeka korzyści” (benefits stream) which occupies a central place in the application and displays the bank’s benefits club.

The bank calls it the app’s “biggest distinguishing feature” as it offers customers offers from Polish and global brands.

The bank says it will continue to develop the mobile application, with new services due to appear on the platform later in the year.

[maywillow] 30/5/2022 07:51

Next divi MAY 2022

Per share 105¢

Ex-div date 30 May 2022 (Mon)

Pay date 01 Jun 2022 (Wed)

[maywillow] 30/5/2022 07:51

Crédit Agricole: Goldman Sachs resumes the follow-up at neutral by targeting 13.60 EUR.

[sarkasm] 27/5/2022 07:26

CREDIT AGRICOLE

The French bank set aside 584 million euros against Russia and Ukraine in the first quarter.

It has cut its Russia exposure by 1.1 billion euros since the full-scale invasion of Ukraine.


As of March 31 it had 3.8 billion euros of exposure to Russia, with a further 600 million euro off-balance sheet, cross-border exposure.

[waldron] 25/5/2022 07:47

chuckle

my french still poor after having lived in LA SUISSE and France for near 40 years

Still poor an English accent

enjoy your day

[finctastic] 24/5/2022 21:35

Thanks for the link Waldron. I had only came across the French version and realised how poor my best French actually was.

[waldron] 24/5/2022 16:31

Credit Agricole SA: General Shareholders' Meeting of Crédit Agricole S.A.

05/24/2022 | 02:50pm BST

Montrouge, 24 May 2022

GENERAL SHAREHOLDERS' MEETING
OF CRÉDIT AGRICOLE S.A.

A Crédit Agricole S.A. General Shareholders' Meeting was held on 24 May 2022 in Montpellier, attended by Chairman Dominique Lefebvre and Chief Executive Officer Philippe Brassac.

More than 900 people attended the Meeting either in person or remotely.

With quorum of 77,33%, the General Shareholders’ Meeting approved all of the resolutions put to it by the Board of Directors. None obtained a score below 80%.

Nearly 15.243 shareholders voted prior to the General Shareholders’ Meeting, with 72% of them voting online via Votaccess.

After approving the financial statements for the year ended 31 December 2021, the Ordinary General Meeting of Crédit Agricole S.A. decided to distribute a dividend of EUR 1.05 per share.

In addition, the General Shareholders’ Meeting appointed the following directorships:

Ms Sonia Bonnet-Bernard, chartered accountant, President of the financial expertise firm A2EF, replacing Ms Catherine Pourre;

Mr Hugues Brasseur, Managing Director of Crédit Agricole Anjou-Maine Regional Bank, replacing Mr Gérard Ouvrier-Buffet;

Mr Eric Vial, Chairman of the Crédit Agricole des Savoie Regional Bank, replacing Mr Daniel Epron.

The General Assembly also renewed the mandates of Mr Dominique Lefebvre, Mr Pierre Cambefort, Mr Jean-Pierre Gaillard and Mr Jean-Paul Kerrien. The Board of Directors, meeting at the end of the General Meeting, reappointed Mr Dominique Lefebvre as Chairman.

CRÉDIT AGRICOLE PRESS CONTACT

Charlotte de Chavagnac + 33 1 57 72 11 17
[e-mail]

Olivier Tassain + 33 1 43 23 25 41 [e-mail]

Mathilde Durand + 33 1 57 72 19 43 [e-mail]

See all our press releases at: www.credit-agricole.com

INDIVIDUAL SHAREHOLDER CONTACT INFORMATION

Toll-free number (from France): 0800 000 777
[e-mail]

INVESTOR RELATIONS CONTACT INFORMATION

+ 33(0)1 43 23 04 31
[e-mail]

Disclaimer

This press release is provided for consultation by shareholders of Crédit Agricole S.A. pursuant to paragraphs 1., d) and 2., e) of Article 4 of Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 and applicable national provisions, namely Articles 212-4 4° and 212-5 5° of the General Regulation of the AMF (French financial markets authority) and Article 13 of AMF Instruction 2005-11 of 13 December 2005 as amended. It is not a prospectus.

This press release is available in French and English on the website of Crédit Agricole S.A.:

[waldron] 05/5/2022 07:37

Credit Agricole S.A. on Thursday posted a sharp decline in pretax profit for the first quarter, which came in below market expectations, and said it has taken a large amount of provisions linked to both Russian and Ukrainian assets.

The French bank reported a net profit of 552 million euros ($586.4 million) for the quarter compared with EUR1.05 billion for the same period a year earlier.

Net profit was expected to decline to EUR588.1 million, taken from FactSet and based on six analysts' estimates.

Revenue, on the other hand, rose to EUR5.94 billion from EUR5.49 billion for the year-earlier period. It was anticipated to rise to EUR5.63 billion, according to FactSet and based on six analysts' forecasts.

"The quarter was impacted by recurring accounting volatility items at the revenues level, namely debit valuation adjustment for EUR22 million on net income group share, the hedge on the large customers loan book in the amount of EUR12 million on net income Group share, and the variation in the provision for home purchase savings plans for EUR17 million on net income group share," the lender said.

Regarding its provision, the company said it has taken a charge of EUR389 million in relation to Russian exposure and a charge of EUR195 million on Ukraine's equity risk.

The bank ended the period with a phased-in common equity Tier 1 ratio--a key measure of balance-sheet strength--of 11.0%, down 0.9 percentage points from the end of December.



Write to Sabela Ojea at [e-mail]; @sabelaojeaguix



(END) Dow Jones Newswires

May 05, 2022 01:41 ET (05:41 GMT)

[sarkasm] 03/5/2022 08:00

Crédit Agricole: Deutsche Bank reduces its price target from EUR 17 to EUR 13.

[waldron] 01/5/2022 20:04

Consensus


Mean consensus OUTPERFORM

Number of Analysts 20

Last Close Price 10,38 €

Average target price 13,61 €
Spread / Average Target 31,2%

High Price Target 17,54 €
Spread / Highest target 69,0%

Low Price Target 11,00 €
Spread / Lowest Target 6,01%

[ariane] 28/4/2022 10:03

Latest Dividends


Summary

Next dividend

Declared

Final

Per share 105¢

Declaration date 10 Feb 2022 (Thu)

Ex-div date 30 May 2022 (Mon)

Pay date 01 Jun 2022 (Wed)

[grupo guitarlumber] 28/4/2022 09:04

The planned 2022 payment is €1.05 which allows it to reach its highest level, including €0.20 for the catch-up of 2019.

It will have to be confirmed on May 24, 2022. In 2021, as usual, the group proposed a payment in cash or new shares.

[waldron] 27/4/2022 20:31

Credit Agricole Confirms Talks on Moroccan Sale
10/01/2021 | 06:23am BST


By Ed Frankl

Credit Agricole SA said late Thursday that it is in discussions with Moroccan company Holmarcom about a possible sale of the bank's subsidiary Credit du Maroc, confirming what it called "market rumors."

The discussions are at a preliminary stage with no certainty as to the completion of a sale, the Paris-based bank said.

Credit Agricole added that it would communicate in due course if the transaction materializes, but wouldn't comment further in the meantime.

Write to Ed Frankl at [e-mail]

(END) Dow Jones Newswires

10-01-21 0122ET

[waldron] 20/4/2022 17:56

05 May 2022

First quarter results 2022

[waldron] 20/4/2022 17:54

Consensus

Mean consensus OUTPERFORM

Number of Analysts 21

Last Close Price 10,05 €

Average target price 13,83 €
Spread / Average Target 37,6%

High Price Target 18,00 €
Spread / Highest target 79,1%

Low Price Target 11,00 €
Spread / Lowest Target 9,45%

[the grumpy old men] 13/4/2022 08:08

Crédit Agricole: Morgan Stanley moves from HOLD to underweight by targeting EUR 11.50.

[waldron] 13/4/2022 06:41

(Boursier.com) — Banco BPM's assets attract major French financial groups. A few days after Crédit Agricole revealed that it had acquired a 9.18% stake in Italy's third largest bank, Axa
would be eyeing the latter's insurance activities. According to the
Sources of 'Bloomberg', the insurer would indeed be in discussions
preliminary with the transalpine group to acquire a stake
majority in its insurance activities valued at approximately 1.5
billion euros.

[waldron] 08/4/2022 08:24

PARIS (Agefi-Dow Jones)--Jefferies has lowered its recommendation on
the banks Societe Generale and Crédit Agricole SA to "buy" from
"keep" and reduced its price target to 25 euros and 11.20
euros, respectively, against 31 euros and 14.80 euros previously.

[waldron] 08/4/2022 08:03

Credit Agricole SA said late Thursday that it has bought a 9.18% stake in Italy's Banco BPM SpA, building on an existing partnership between the two banks.

The French lender said it would aim to expand strategic partnerships with Banco BPM after the stake acquisition, the financial details of which it didn't disclose. The two already collaborate on a consumer-finance joint venture called Agos.

Explaining the move, the bank highlighted Banco BPM's strengths including a "solid franchise, positive financial perspectives and a strong and performing management team."

Credit Agricole said it hasn't applied to the authorities to cross the 10% threshold of Banco BPM's share capital, adding that the transaction is expected to have a negligible impact on the bank's CET1 ratio, a measure of a lender's capital strength.



Write to Joshua Kirby at [e-mail]; @joshualeokirby



(END) Dow Jones Newswires

April 08, 2022 01:36 ET (05:36 GMT)

[adrian j boris] 05/4/2022 10:27

AlphaValue has lowered its recommendation to Accumulate for Sale and has a price target of 9.51 euros on Crédit Agricole SA.


The research firm cut its earnings per share estimates by 81.3% for 2022 and 35.6% for 2023.


Its scenario includes a full impairment of CASA's exposure in Russia: €4.5 billion.

The analyst is also now integrating a more pessimistic economic scenario, in which growth is reduced and inflation accelerates to a higher level.

[la forge] 29/3/2022 13:06

Consensus


Mean consensus BUY

Number of Analysts 21

Last Close Price 10,74 €

Average target price 14,45 €
Spread / Average Target 34,5%

[sarkasm] 28/3/2022 13:21

Danish renewable-energy company Orsted AS said Monday that it has agreed to sell a 50% stake in its Hornsea 2 offshore wind farm in the U.K. to a French consortium for 3 billion pounds ($3.95 billion).

The consortium comprises AXA IM Alts and Credit Agricole Assurances, who will each own a 25% stake in the project.

Orsted said Hornsea 2 is currently under construction and will become the world's largest offshore wind farm once commissioned later in 2022. With a capacity of 1.3 gigawatts, it will provide enough green electricity to power the equivalent of more than 1.3 million homes annually.

The transaction is expected to close in the second half of 2022, once the wind farm is fully commissioned and customary regulatory approvals are obtained.

Orsted said the deal doesn't change its financial guidance for 2022.



Write to Dominic Chopping at [e-mail]



(END) Dow Jones Newswires

March 28, 2022 07:21 ET (11:21 GMT)