CREDIT AGRICOLE S A Business Summary

Crédit Agricole S.A. (CASA) operates as the central organ and listed entity of the Crédit Agricole Group, the world’s largest cooperative financial institution. The company generates revenue through a diversified universal banking model, primarily driven by net interest income from retail lending, management fees from its asset gathering division, and transaction-based commissions in corporate and investment banking. Its operations are structured into four core segments: Asset Gathering (comprising Amundi, the top European asset manager, and Crédit Agricole Assurances), Large Customers (Corporate and Investment Banking via CACIB and asset servicing via CACEIS), Specialised Financial Services (consumer finance and leasing), and Retail Banking (LCL in France and international subsidiaries). Positioned as a market leader in European bancassurance and retail credit, the company competes directly with major peers such as BNP Paribas, Societe Generale, and Santander, distinguishing itself through its decentralized mutualist structure and a dominant 22.6% share of the French credit market. Originally founded in 1894 to provide credit to French farmers, the modern executive team is led by CEO Olivier Gavalda, a career veteran of the group who assumed the role in May 2025 following his tenure as Deputy CEO of Universal Banking. The leadership includes Chairman Eric Vial, who took office in January 2026 with a deep background in agricultural cooperative management, and Jérôme Grivet, who serves as the sole Deputy CEO. Key operational divisions are managed by Clotilde L’Angevin (Finance), Jean-Paul Mazoyer (Technology, Digital and Payments), and Valérie Baudson (CEO of Amundi). The company’s governance is anchored by its majority shareholder, SAS Rue La Boétie, which represents the 39 Regional Banks and ensures long-term capital stability, while the board includes independent directors like Agnès Audier and representatives from the professional farming associations, reflecting its historical roots.