PDF (3.77 Mo) - Le CrÃ©dit Agricole

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Crédit Agricole S.A.Update of the 2011 registration document - A03Adjustment plan ahead of scheduleThe Group actively continued to implement the adjustment plan announced on 14 December 2011, with thefollowing three main focuses:- In Retail banking: overall improvement in loan to deposit ratio.The increase in on-balance sheet deposits across all Group branch networks, in France and abroad,coupled with measured growth of loans outstanding, resulted in lowering the loan-to-deposit ratio to123.7% from 128.8% at end-June 2011.- In Specialised financial services: reduction of liquidity needs and diversification of funding.Growth of outstanding loans was controlled both in Consumer finance and in Leasing and Factoring.CACF sold 0.6 billion euros of non-performing loans in France and in Portugal in the first half of2012.Over the same period, new sources of funding were developed, mainly in the form of deposit inflowsand securitisations. CACF started up a retail savings business in Germany. In the first half of 2012,CAL&F realised a securitisation of lease finance receivables for approximately1 billion euros.- In Corporate and investment banking: further disposals.Disposal of loan portfolios in Financing activities continued during the first half of 2012, at lowdiscount rates (2.2% on average since the start of the disposals). Sales of CDOs and RMBSs havealready exceeded the initial target, thereby helping to reduce Basel 3 risk-weighted assets.As a result, at end-June 2012, 76% of the target for funding needs reduction had been met. Concerning riskweightedassets, the plan was fully realised at end-June, with a 48 billion euro reduction in risk-weightedassets, including the transfer of the correlation book.Page 74 sur 237
Crédit Agricole S.A.Update of the 2011 registration document - A03Reduction of funding needs€bnAt current exchange rateRealisedin H2-11Realised inH1-12Totalrealised upto 30/06/12Targetbetween30/06/11 and31/12/12%realised• Retail banking• Specialised financial services• Adjustment plan• Securitisation and other measures• CIBat constant exchange rate- 9- 3-1-2- 11-16- 9- 4-2-2- 2-4- 18- 7-3-4- 13-20- 23- 9- 18Total funding needs reduction - 23 - 15 - 38 - 50 76%At constant exchange rate - 28 -17 - 45Reduction of risk-weighted assets€bnAt constant exchange rateRealisedin H2-11Realised inH1-12Totalrealised upto 30/06/12Targetbetween30/06/11 and31/12/12%realisedAdjustment plan• SFS• CIB Current impact (Basel 2.5) 2013 impact (Basel 3)-1-11-7-4-3-19-6-13-4-30-13-17~ -5~ -30~ -18~ -12Total adjustment plan -12 -22 -34 ~ -35 97%Other measures• CIB – sale of market risk ofcorrelation book (net impact)Total RWA reduction-14 -14(including Basel 3 impacts) -12 -36 -48Page 75 sur 237
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PDF (3.77 Mo) - Le CrÃ©dit Agricole

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