Credit Agricole : 2018 Capital increase reserved for employees
August 01, 2018 at 04:58 pm
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Crédit Agricole S.A.'s capital increase reserved for employees, for which the subscription period ran from 20 June to 3 July 2018, was fully completed on 1 August 2018. Almost 19,000 Crédit Agricole Group employees from France and 14 other countries subscribed for a total amount of €135.5 million.
Employees were offered a Classic investment where the subscription price was discounted by 20% compared to the Crédit Agricole share price. The new shares were issued and delivered to employees on 1 August 2018.
This capital increase created 13,802,586 new shares, bringing the total number of shares comprising Crédit Agricole S.A.'s capital to 2,866,437,156. The dilutive impact of this transaction is 0.5% and the impact on net tangible asset value per share is very low at -0.03%.
The transaction increases Crédit Agricole S.A.'s and Crédit Agricole Group's CET1 ratios by 4 and 3 basis points, respectively.
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Crédit Agricole SA published this content on 01 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 01 August 2018 15:57:10 UTC
Crédit Agricole S.A. is one of the leading European banking groups and is the leading financial backer of the French economy. Net Banking Product breaks down by activity as follows:
- retail banking (30.1%): activities in France (Crédit Lyonnais) and abroad. Furthermore, the group is present in France via its 39 regional networks of branches (making it the biggest French banking network);
- finance, investment and market banking (30.1%): standard and specialized bank financing activities (financing for acquisitions, projects, aeronautical and maritime assets, etc.), stock operations, consulting in mergers and acquisitions, investment capital, etc.;
- asset management, insurance and private banking (25.9%);
- specialized financial services (13.9%): consumer loan, leasing and factoring (No. 1 in France).
At the end of 2023, Crédit Agricole S.A. managed EUR 835 billion in current deposits and EUR 516.3 billion in current credits.
NBP is distributed geographically as follows: France (46%), Italy (20%), European Union (14.3%), Europe (7.2%), North America (6%), Japan (1.3%), Asia and Oceania (3 .5%), Africa and Middle East (1.3%), Central America and South America (0.4%).