Paris, 9 March 2016
Change in the partnership with the Crédit Agricole Group
On 9 March 2016, the Crédit Agricole Group announced, as part of its "Strategic ambitions for 2020" plan, its intention to internalise the group borrower insurance contracts of the Regional banks.
For information regarding CNP Assurances:
- The average contribution from the partnership with Crédit Agricole to the recurring EBIT of CNP Assurances has been €30m over the last three years, i.e. around 2% of EBIT France.
- This contribution could, accordingly, gradually decrease from 2018.
- The practicalities of the change in this partnership between CNP Assurances and the Crédit Agricole Group, especially with regard to the portfolios of existing contracts, are under discussion.