Crédit Agricole has increased operating income
by 20.7% to €115.5m in the first half of 2010, helped by “robust
growth” in its lease finance and factoring businesses.

Lease outstandings climbed by 11.4 percent to
€18.2bn at 30 June. They were up by 11.4% in France, by 15.5% in
Italy, and by 9.6% in its overall international business.
International leasing business accounted for more than one fifth of
the business of Crédit Agricole Leasing & Factoring
(CALEF).

In lease finance, the cost of risk rose by
18.8% in the second quarter of 2010. In factoring, receivables grew
23% year-on-year in France and 60% internationally.

Crédit Agricole Group is further expanding its
presence in Italy and, taking into account all its business
segments in the country, including leasing and factoring, it aims
to become one of the top seven players in the Italian banking
market.

Antonio
Fabrizio

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.