Credit Agricole Sa: Group Credit Agricole designated as Global Systematically Important Banks (G-SIBs) - bucket 2

27 Nov 2024 17:45 CET

Montrouge, 27th November 2024

Press release

Group Credit Agricole designated as Global Systematically Important Banks (G-SIBs) - bucket 2

Crédit Agricole has received notification by the ACPR (“Autorité de Contrôle Prudentiel et de Résolution”), dated November 27^th 2024 that the Group has been designated on the 2024 list of Global Systemically Important Banks (G-SIBs), in the bucket 2 corresponding to its score based on end-2023 data.

This designation is the expected automatic consequence of the growth of the Group Credit Agricole activities. It illustrates the global top-tier position of the Group Crédit Agricole.

This comes along with an increase of the additional capital requirement (“GSIB buffer”) from 1% to 1.5% of total risk weighted assets as of 1^st January 2026. Up to this date, the additional capital requirement of 1%, currently applicable, will remain in force.

As a reminder, this additional capital requirement will apply only to the highest level of consolidation of Group Credit Agricole, showing the best level of solvency among European G-SIBs, with a CET1 ratio at 17.4% at September-end 2024, i.e. a 760 basis points distance to SREP requirements applicable as at September-end 2024.

Contacts

CRÉDIT AGRICOLE S.A. INVESTOR RELATIONS CONTACTS

CRÉDIT AGRICOLE PRESS CONTACTS 

Alexandre Barat         + 33 (0)1 57 72 45 73        alexandre.barat@credit-agricole-sa.fr
Olivier Tassain        + 33 (0)1 43 23 25 41        olivier.tassain@credit-agricole-sa.fr

Attachment

• 2024 11 27 PR Le Groupe Crédit Agricole désigné Etablissement d’Importance Systémique mondiale (G-SIB) de catégorie 2