PDF (3.77 Mo) - Le CrÃ©dit Agricole

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Crédit Agricole S.A.Update of the 2011 registration document - A03Credit riskA detailed description of the principles, methodologies and system for managing credit risk is given on pages187 to 190 of the 2011 registration document. No significant change happened in the first half of 2012.A credit or counterparty risk is realised when a counterparty is unable to honour its obligations and when thebook value of these obligations in the bank's records is positive. The counterparty may be a bank, anindustrial or commercial enterprise, a government or an entity controlled by a government, an investmentfund or a physical person.The exposure may be a loan, debt or equity instrument, swap, guarantee given or unused confirmed facility.The risk also includes the settlement risk inherent in any transaction entailing an exchange of cash orphysical goods outside a secure settlement system.1. Exposure and concentration1.1. Maximum exposureMaximum credit risk exposure (€1,534.8 billion at 30 June 2012 compared with €1,450.8 billion at31 December 2011) is presented before the effect of netting agreements and collateralisation. It increasedby 5.8% in the first half of 2012.1.2. ConcentrationThe analysis of credit risk concentration by geographic area and by business sector relates to the Group’sglobal commercial lending (both on and off balance sheet) to all customers (including banking counterpartiesbut excluding Group internal transactions) before the effect of netting agreements and collateral, i.e. €705billion at 30 June 2012 compared with €709 billion at 31 December 2011.Diversification by geographic areaThe breakdown of the commercial lending portfolio (including non-Group banking counterparties) brokendown by geographic region represents 96% of the total commercial lending portfolio. The breakdown ofcommercial lending exposure by business sector is shown in the tables below.Geographic area 30/06/2012 Geographic area 31/12/2011France (excluding retailcustomers)Western Europe (excludingItaly)32%19%France (excluding retailcustomers)Western Europe (excludingItaly)France (retail customers) 16% France (retail customers) 16%Italy 12% Italy 12%North america 7% North america 8%Asia-PacificJapan)(excluding5%Asia-PacificJapan)(excludingAfrica and Middle-east 4% Africa and Middle-east 4%Eastern Europe 3% Eastern Europe 3%Central and South America 1% Central and South America 2%Japan 1% Japan 1%TOTAL 100% Total 100%32%17%5%Page 110 sur 237
Crédit Agricole S.A.Update of the 2011 registration document - A03Diversification by business sectorThe breakdown of commercial lending portfolio (including banking counterparties outside the Group) bybusiness sector covers 90% of the total portfolio. The breakdown reflects the business sector on risk ofcommercial lending to customers.risk of commercial lending to customers.Secteur d'activité 30/06/2012 Secteur d'activité 31/12/2011Retail customers 31% Retail customers 32%Non merchant service / Publicsector / Local authorities11%Non merchant service / Publicsector / Local authoritiesBanks and financial institutions 9% Banks and financial institutions 8%Energy 8% Energy 8%Other non banking financialinstitutions6%Other non banking financialinstitutionsOther 4% Automobile 3%Automotive 3% BTP 3%Construction 3%Retail and customer goodsindustries3%Retail and customer goodsindustries3% Other 3%Real estate 3% Real estate 3%Heavy industry 3% Heavy industry 3%Shipping 3% Shipping 3%Aeronautics / Aerospace 2% Aeronautics / Aerospace 2%Food processing 2% Food processing 2%Insurance 2% Insurance 2%Other industries 1% Telecoms 2%Other transportation 1% Other industries 1%IT / Technology 1% Other transportation 1%Media / Publishing 1% Wood / Paper / Packaging 1%Healthcare / Pharmaceuticals 1% IT / Technology 1%Telecoms 1% Media / Publishing 1%Tourism / Hotels / Restaurants 1% Healthcare / Pharmaceuticals 1%Total 100 % Tourism / Hotels / Restaurants 1%11%5%Total 100%Breakdown of loans and receivables by type of customersGross loans and receivables outstanding (excluding Crédit Agricole internal transactions) rose by 4.2% in thefirst half of 2012. They totalled €543 billion at 30 June 2012 compared with €521 billion at 31 December2011. This growth came mainly from banks and financial institutions, other non banking financial institutionsand to a lesser extent central banks. It was partially offset by a decline in loans to large corporates and toretail customers.Individual impaired exposure (€25.6 billion at 30 June 2012 compared to €24.8 billion at 31 December 2011)increased by 3.2% during the first half of 2012. At 30 June 2012, impairment booked on an individual basis(€14.2 billion at 30 June 2012 compared to €13.5 billion at 31 December 2011) increased by 5.2% over thesame period, while collective impairments amounted to €3.7 billion at 30 June 2012 (i.e. up 4.7% during thefirst half of 2012).A breakdown of loans and receivables by type of customer is provided in Note 5.3 of the notes to thefinancial statements.Page 111 sur 237
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JUNE 2012JUNE 2012JUNE 2012JUNE 201
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Total regulatory capital before ded
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PDF (3.77 Mo) - Le CrÃ©dit Agricole

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