considering merging some of the operations of its leasing and
factoring units together.
the bank could combine the back-office support functions for its
leasing arm, Crédit Agricole Leasing (CA Leasing), and its
factoring arm, Eurofactor.
Crédit Agricole has been consolidating some other of its
businesses in the last year, for example by creating a large
‘consumer finance’ business line, which incorporates its Finaref
and Sofinco units at the start of the year.
In December, CA Leasing’s managing director, Olivier Toussaint,
was also appointed to head the company’s Eurofactor business.
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Last year, both units posted strong results. CA Leasing saw
business grow by 18 percent to reach €5.7 billion, while Eurofactor
grew by 9 percent, to reach €45 billion worth of receivables under
management.
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