page_title: Crédit Agricole
section_title: Crédit Agricole S.A.
hierarchical_section_title: Crédit Agricole / Corporate governance / Crédit Agricole S.A.
caption_attribution_description: Français&#160;: Le nouveau siège du Crédit Agricole. Campus Evergreen à Montrouge (92).
context_page_description: Crédit Agricole Group, sometimes called "la banque verte" due to its historical ties to farming, is the world's largest cooperative financial institution. It consists of a network of Crédit Agricole local banks, the 39 Crédit Agricole regional banks, and a central institute, the Crédit Agricole S.A.. In 1990, it became an international full-service banking group. It is listed through Crédit Agricole S.A., an intermediate holding company, on Euronext Paris' first market and is part of the CAC 40 stock market index. Local banks of the group owned the regional banks, in turn the regional banks majority owned the S.A. via a holding company, in turn the S.A. owned part of the subsidiaries of the group, such as LCL, the Italian network and the CIB unit.
  It was the title sponsor of the Crédit Agricole professional road cycling team from 1998 to 2008.
context_section_description: In 1988, Caisse Nationale de Crédit Agricole was privatised, becoming Crédit Agricole S.A., a public limited company owned by the regional banks and group employees. In 2001, Crédit Agricole S.A. was floated on the stockmarket, although the regional banks (44 at the time) retained a majority share, as provided for by the group's mutual articles of association.
  Senior management of Crédit Agricole S.A.
  Chairman: Dominique Lefebvre
  CEO: Philippe Brassac
  Board of directors
  The Board is made up of members elected by the annual general meeting, representatives of trade organisations, members elected by employees, a non-voting member and a representative of the Works Council.
  A complex structure
  The regional banks own 54% of Crédit Agricole S.A., which in turn holds 25% of their capital in the form of non-voting cooperative securities (certificats coopératifs d'associés). An internal debate is continually underway on striking a balance between growing activities that serve the regional banks directly and promoting businesses that lie outside their sphere. Institutional investors, particularly in the UK and US, are not always at ease with this approach.
caption: New headquarters of Crédit Agricole S.A. in Montrouge
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