Pause operations: company temporarily curtailing operations while keeping return options open
Leave Suspension
Crédit Agricole Group, sometimes called La banque verte due to its historical ties to farming, is a French international banking group and the world's largest cooperative financial institution. It is France's second largest bank, after BNP Paribas, as well as the third largest in Europe and tenth largest in the world.
Pause operations: company temporarily curtailing operations while keeping return options open
Leave SuspensionSince the beginning of the conflict, the Group has stopped new financing to Russian companies and all commercial activity in Russia. The Group has contacted its international corporate clients to set the suspension modalities for the services locally provided by Crédit Agricole CIB, effective soon. As a reminder, the Crédit Agricole CIB subsidiary in Russia has 170 Russian employees, does not have a retail banking activity and has generated a net income of 3.7 million euros in 2021.
Suspend all services in Russia. CAIS agreed to remit $720,258 to settle its potential civil liability for apparent violations of sanctions against Cuba, Ukraine-related, Iran, Sudan, and Syria. The bank in Russia significantly reduced the volume of assets and net profit in 2022, compared to 2021.