DOCSLIB.ORG

Registration Document and Annual Report 2010 3 Summary

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Registration Document and Annual Report 2010 3 Summary Registration document and annual report 2010 3 Summary Message from the Chairman and Chief Executive Officer 2 4 » Consolidated financial statements 245 General framework 246 Consolidated financial statements 253 Notes to the consolidated financial statements 259 Statutory Auditors’ report on the consolidated financial statements 367 1 » Presentation of Crédit Agricole S.A. 5 2010 key figures and stock market data 6 Significant events in 2010 12 Company history 14 Organisation of Crédit Agricole Group and Crédit Agricole S.A. 16 5 » Separate financial statements 369 The business lines of Crédit Agricole S.A. 17 Separate financial statements at 31 December 2010 370 Economic, social and environmental information 31 Notes to the separate financial statements 373 Statutory Auditors’ Report 418 2 » Corporate Governance 73 Report of the Chairman » General information 421 of the Board of Directors 74 6 Statutory Auditors’ report 99 Memorandum and Articles of Association 422 Compensation paid to Executive Information on the Company 439 and non-Executive Corporate Officers 100 Information concerning the share capital 447 Offices held by Corporate Officers 111 Statutory Auditors’ special report Governing bodies 138 on related party agreements and commitments 450 Fees paid to Statutory Auditors 453 General Meeting of Shareholders of 18 May 2011 454 Persons responsible for the registration document 471 Cross-reference table 473 3 » 2010 Management report 141 Operating and financial review 142 Information on the financial statements of Crédit Agricole S.A. (parent company) 167 Risk factors 176 Basel II Pillar 3 disclosures 216 Registration Document 2010 Annual report 3 Profile Crédit Agricole Group is the leading full-service retail bank in France and one of the major banking groups in Europe. Crédit Agricole Group is present in 70 countries across the globe and is a key partner in supporting the projects of customers in all retail banking business lines and associated specialised businesses: day-to-day banking, savings products, mortgage and consumer loans, insurance, private banking, asset management, lease finance and factoring, corporate and investment banking. The Crédit Agricole Group, with its cooperative and mutual foundation, bases its development around stable growth, with the support of the underlying economy, and with regard to the interests of its 54 million customers, 1.2 million shareholders, 6.1 million mutual shareholders, and 160,000 employees. Crédit Agricole appears in the three sustainable development benchmark indices: Aspi Eurozone, since 2004, FTSE4Good since 2005 and DJSI since 2008 (Europe and World). It is ranked as eighth best in the World and first in France according to the 2011 Global 100 sustainable development rankings. A bank serving 54 million customers(1) 3 domestic markets: France, Italy, Greece 11,500 branches in 15 countries Present in 70 countries A player committed to servicing the economy Signature of the United Nations Global Compact, the Diversity Charter and the Climate Principles Adoption of the Equator Principles by Crédit Agricole Corporate and Investment Bank Signature of the Principles for Responsible Investment by Amundi, Crédit Agricole Cheuvreux, Crédit Agricole Private Equity and Crédit Agricole Assurances (1) Including the Regional Banks. This registration document was registered with the Autorité des marchés financiers (AMF) on 18 March 2011 under number D.11-0146, in accordance with the Article 212-13 of the AMF’s General Regulations. It may be used in support of a financial transaction if accompanied by a transaction circular approved by the AMF. This document was produced by the issuer and is binding upon its signatories. Crédit Agricole S.A. I 2010 Registration Document I 1 Message from the Chairman and the Chief Executive Officer Message from the Chairman and the Chief Executive Officer » CRÉDIT AGRICOLE, SERVING ITS CUSTOMERS AND FINANCING THE ECONOMY 2010 was a year full of uncertainty over the economic recovery, the solvency of certain European states and the current reform of prudential regulations for financial institutions. Against this background, Crédit Agricole made a number of strategic decisions to prepare its future. 2010 was ultimately a year of transition and substantial effort during that it is being implemented as planned and we confirm profits which we had to face many uncertainties. This period has enabled will return in 2012. In December, we made the decision to clarify us to reaffirm the relevance of the Crédit Agricole model based our relationship with Intesa Sanpaolo S.p.A and to bear the on a prevalence of retail banking business lines and associated accounting consequences, the result being a negative impact on specialised business lines. We want to stress this difference. Our earnings of €1.24 billion. Therefore, our performance suffered but model is unique and we are more than happy with our decision: this should not overshadow our financial and sales momentum. we want to focus on day-to-day services, in particular for our These management decisions and measures were taken to ensure customers and in general for the economy. In this respect, we healthy foundations for the future. Crédit Agricole S.A. posted are particularly effective: with €457 billion in outstanding loans at income of €1.3 billion, up 12.3% year-on-year, enabling the Board 31 December 2010 (Regional Banks and LCL), an increase of 5.5%, of Directors to propose a dividend of €0.45 per share to the General Crédit Agricole is by far the leading financial partner of the French Meeting of Shareholders of 18 May 2011. Once again this year, economy. shareholders will have the option of choosing between a scrip and 2010 was also an important year internally. We built up our team, a cash dividend. which is performing well. Behind it the whole Crédit Agricole Furthermore, as the regulatory reform for banking institutions takes S.A. Group is standing firm, as shown by the strong operating effect in 2013 and banks will be required to set aside additional performance this year. Our operating income was three times capital for the loans they grant, we reaffirm that our fundamentals higher than last year, notably due to the operational efficiency of are sound. Our results are founded on a controlled risk profile and all our business lines and the marked decline in the cost of risk. a reaffirmed financial strength. These fundamentals enable us to We also identified and dealt with a number of delicate issues. In move into this new period with peace of mind without the need June, we detailed our position in Greece and published the update for a capital increase, due to the Group’s internal flexibility. We are of the restructuring plan for our subsidiary Emporiki, following nevertheless still waiting for further details as to the exact measures the deteriorating economic situation. This plan has resulted in that will be implemented, while at the same time advocating for our the impairment of our investment in Emporiki but we can confirm positions. We obviously support the regulators in their desire to 2 I Crédit Agricole S.A. I 2010 Registration Document Message from the Chairman and the Chief Executive Officer oversee and ensure the safety of the riskiest financial activities. fundamentals: staying grounded, keeping promises, not being too But why penalise the banks the business of which is to finance adventurous, a sense of service, a preference for teamwork and the economy, and in particular the French bancassurance model, consistency in order to succeed. This plan is based on everything which has more than proven itself? that makes Crédit Agricole’s excellence: our Retail banking arm and the associated business lines, in France and abroad, and From a managerial perspective, we established Evergreen, in our Corporate and investment banking arm, which represents Montrouge. More than just a relocation, Evergreen is an opportunity an unquestionable strength and which is inseparable from Crédit to build a new way of working together. By bringing together over Agricole to serve our customers. It is the first strategic plan post 9,400 employees on a single 8-hectare campus between now and Basel 3 within the French banking world and reflects our beliefs: 2014, the goal of the Evergreen project is to consolidate team focusing on our strengths, working together with all Group entities, solidarity and cooperation. Team spirit and productivity will be calmly and confidently reaffirming our core goals. For Crédit enhanced by this new proximity. Agricole S.A., Commitment 2014 represents a strong and confident Together with La Féderation Nationale du Crédit Agricole and ambition within Europe: the Regional Banks, we built our ten-year strategic objective into within Europe, because we will consolidate our positions in our Group Project, jointly launched on 15 December last year. Europe; Our ambition is to become the leader in Europe in Universal Customer-focused Banking. For us, this represents a touchstone strong, because we are already number 1 in Europe – in terms for the coming decade. It underpins the strategic plans of all of retail banking revenue and number of branches – and we will Group entities: Regional Banks and the Crédit Agricole S.A. capitalise on our advantage; Group, together with all our subsidiaries. We have identified four and confident, because we will now move forward at our own strategic priorities: stimulate the economy and the regions; make pace. Crédit Agricole’s tradition is to not let others set the pace. customer relationship a differentiating factor; bring together men and women; and unite the Group, its mutual shareholders Committed, responsible and conquering: that is how Crédit and shareholders behind a common strategy. These strategic Agricole is moving into a new phase in its history. With our 160,000 priorities commit the whole Crédit Agricole Group and in employees, we are ready to work ever harder for our 54 million particular Crédit Agricole S.A.
Load more

Recommended publications
  • France À Fric: the CFA Zone in Africa and Neocolonialism
    France à fric: the CFA zone in Africa and neocolonialism Ian Taylor Date of deposit 18 04 2019 Document version Author’s accepted manuscript Access rights Copyright © Global South Ltd. This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. Citation for Taylor, I. C. (2019). France à fric: the CFA Zone in Africa and published version neocolonialism. Third World Quarterly, Latest Articles. Link to published https://doi.org/10.1080/01436597.2019.1585183 version Full metadata for this item is available in St Andrews Research Repository at: https://research-repository.st-andrews.ac.uk/ FRANCE À FRIC: THE CFA ZONE IN AFRICA AND NEOCOLONIALISM Over fifty years after 1960’s “Year of Africa,” most of Francophone Africa continues to be embedded in a set of associations that fit very well with Kwame Nkrumah’s description of neocolonialism, where postcolonial states are de jure independent but in reality constrained through their economic systems so that policy is directed from outside. This article scrutinizes the functioning of the CFA, considering the role the currency has in persistent underdevelopment in most of Francophone Africa. In doing so, the article identifies the CFA as the most blatant example of functioning neocolonialism in Africa today and a critical device that promotes dependency in large parts of the continent. Mainstream analyses of the technical aspects of the CFA have generally focused on the exchange rate and other related matters. However, while important, the real importance of the CFA franc should not be seen as purely economic, but also political.
    [Show full text]
  • Philippe EE Financing
    THE EXPERIENCE OF PROPARCO IN BANGLADESH CLEAN ENERGY EFFICIENCY FINANCING ENERGY SUMMIT 2019 SUNDAY MARCH 10TH 2019 #EntreprendreEnCommun #BusinessInCommon PROPARCO SNAPSHOT PROPARCO AT A GLANCE THE FRENCH DFI SERVING THE PRIVATE SECTOR AND SUSTAINABLE DEVELOPMENT A SUBSIDIARY OF THE AGENCE FRANÇAISE DE DÉVELOPPEMENT (AFD) AFD is a public financial institution implementing French government's policies, aimed at poverty alleviation and sustainable development DEVOTED TO PRIVATE SECTOR FUNDING SINCE 1977 450+ clients, not tied to French interests ACTIVE IN DEVELOPING COUNTRIES (PER OECD DEFINITION) 80+ countries of operation, 23 local currencies in the portfolio SUPPORTING SUSTAINABLE DEVELOPMENT GOALS Devoting 30% of activity to projects with climate change co-benefits In 2018 €1.6bn 103 €5.5bn 300+ in financing new executed of outstanding loans staff members transactions and equity stakes A UNIQUE MODE OF GOVERNANCE PUBLIC AND PRIVATE SHAREHOLDER BASE FROM FRANCE AND ELSEWHERE 65% Agence Française de Développement 22% • BNP Paribas French • BPCE IOM Financial • CDC Entreprises ELAN PME (Bpifrance) Organizations • Crédit Agricole SA • Société générale • Aga Khan Fund for Economic Development (AKFED) 11% • Banque marocaine du commerce extérieur (BMCE) International • Bank of Africa Group (BoA Group SA) Financial • Banque ouest-africaine de développement (BOAD) Organizations • Corporación Andina de Fomento (CAF) • Development Bank of Southern Africa (DBSA) 2% • Bolloré Africa Logistics Corporates • ENGIE • Groupe Bouygues • Saur International
    [Show full text]
  • The History of Banks in France
    The history of banks in France Alain Plessis Some forms of progress long hindered In the Middle Ages and at the beginning of modern times, banking activities in France experienced a belated and more difficult development than in neighbouring countries such as Italy, the Netherlands or the United Provinces. The overwhelmingly precarious agriculture and a very limited participation on the international exchange scene, the dominant influence of the catholic church as well as the priests' sermons, long denouncing the practice of loaning at interest, and a very hostile mentality towards anything that resembled usury rendered all big merchants suspect and hindered the free development of their activities. Nevertheless the expansion of trade - which first began in the twelfth and thirteenth centuries through the activities of the fairs in Champagne and then through the dynamism of the commercial markets such as the large royal ports or the city of Lyons - as well as the financial needs of the royal government, all made the use of banking practices more and more indispensable. Banking methods, generally invented in Italy, arrived in France: manual exchange transactions and the use of bills of exchange for transferring funds, as well as the credit operations which developed in connection with those operations, deposits, credit transfers and various investment. The bankers in these professions, who sometimes grew quite rich, were primarily foreigners who lived cut off from the national community, especially Italians and Jews. These Italians were called Lombards; in Paris, already a banking city, the moneychangers from Piedmont set themselves up in a street which has since then been called rue des Lombards.
    [Show full text]
  • A Study in Comparative Economic History
    PRINCETON STUDIES IN INTERNATIONAL FINANCE NO. 36 The Formation of Financial Centers: A Study in Comparative Economic History Charles P. Kindlebergei INTERNATIONAL FINANCE SECTION DEPARTMENT OF ECONOMICS PRINCETON UNIVERSITY • 1974 PRINCETON STUDIES IN INTERNATIONAL FINANCE This is the thirty-sixth number in the series PRINCETON STUDIES IN INTERNATIONAL FINANCE, published from time to time by the Inter- national Finance Section of the Department of Economics at Princeton University. The author, Charles P. Kindleberger, is Ford Professor of Economics at the Massachusetts Institute of Technology. His work in economic history includes The World in Depression, 1929-1939 (1973) and Eco- nomic Growth in France and Britain, 1851-1950 (1964). He is the author of two Essays in International Finance, The Politics of Inter- national Money and World Language (No. 61, 1967) and Balance- of-Payments Deficits and the International Market for Liquidity (No. 46, 1965). This series is intended to be restricted to meritorious research stud- ies in the general field of international financial problems which are too technical, too specialized, or too long to qualify as ESSAYS. The Sec- tion welcomes the submission of manuscripts for this series. While the Section sponsors the studies, the writers are free to de- velop their topics as they will. Their ideas and treatment may.or may not be shared by the editorial committee of the Section or the mem- bers of the Department. PETER B. KENEN Director Princeton University PRINCETON STUDIES IN INTERNATIONAL FINANCE NO. 36 The Formation of Financial Centers: A Study in Comparative Economic History Charles P. Kindleberger INTERNATIONAL FINANCE SECTION DEPARTMENT OF ECONOMICS PRINCETON UNIVERSITY PRINCETON, NEW JERSEY November 1974 Copyright 0 1974, by International Finance Section Department of Economics, Princeton University Library of Congress Cataloging in Publication Data Kindleberger, Charles Poor, 1910- The formation of financial centers.
    [Show full text]
  • Annual Integrated R E P O
    2019 2019 ANNUAL ANNUAL INTEGRATED INTEGRATED REPORT REPORT INTRODUCING THE GROUP.....................................................................................................................................................8 BANK OF AFRICA, more than 60 years of continuous development ................................................................................9 BANK OF AFRICA Today......................................................................................................................................................................................... 11 Shareholders ........................................................................................................................................................................................................................ 13 BANK OF AFRICA Group’s business lines............................................................................................................................................... 16 Geographical presence................................................................................................................................................................................................ 17 A pan-African vocation................................................................................................................................................................................................ 18 Intra-Group synergies for Africa’s development ..................................................................................................................................
    [Show full text]
  • Business in Africa
    Deal Makers Vol 8: No 4 AFRICA TRANSACTION TABLE BY COUNTRY INCLUDING ADVISORS | BUSINESS IN AFRICA from the Most institutional and private equity investors (and of course the development finance institutions) are required to ensure that the target has the ability to comply with international anti-ceorruptdion, soiciatl anod environm’ens tal laws. dIn maney casess targk ets in Africa will not have the relevant systems and controls in place to monitor effectively compliance with these legal requirements, in particular anti-corruption laws. The cost of s global M&A hit record highs in 2015, dealmaking activity in sub-Saharan Africa implementing the procedures and the ability to A remained relatively muted despite an uptick in activity towards the end of the year. monitor systems and controls should be carefully In recent years, African markets have been one of the preferred destinations for funds considered. shunning lower interest rates in the US. But all that changed with the hike in interest rates by the US Federal Reserve. In addition, geopolitical uncertainties, market and currency volatility and a slump in commodity prices have seen focus shift away from emerging markets to Advertising rates are available on request from Infrastructure and developed countries. property Vanessa Aitken +27 (0)83 775 2995 Private equity firms too have become more creative as valuations remain high. Firms have development pursued other avenues to deploy capital. Some have opted for private investment in public The magazine may be purchased on transactions form equities in lieu of large leverage buyouts. subscription. These rates are available on the backbone of Years of rapid economic growth across sub-Saharan Africa have been fuelled by hopes of the request from: [email protected] developing development of a continent less dependent on the fickle global demand for its raw resources.
    [Show full text]
  • Recent Trends in Banking in Sub-Saharan Africa from Financing to Investment
    Recent Trends in Banking in sub-Saharan Africa From Financing to Investment Recent Trends in Banking in sub-Saharan Africa from Financing to Investment July 2015 Lead authors Tim Bending, Economist, European Investment Bank Angus Downie, Head of Economic Research, Ecobank Thierry Giordano, Economist, CIRAD Arthur Minsat, Africa Economist, OECD Bruno Losch, Research Director, CIRAD Daniela Marchettini, Economist, International Monetary Fund, Africa Department Rodolfo Maino, Senior Economist, International Monetary Fund, Africa Department Mauro Mecagni, Assistant Director, International Monetary Fund, Africa Department Oskar Nelvin, Economist, European Investment Bank Habil Olaka, Chief Executive Officer, Bankers Association, Kenya Jared Osoro, Director, Kenya Bankers Association Centre for Research on Financial Markets and Policy Henri-Bernard Solignac-Lecomte, Head of Unit, OECD Development Centre Jean-Philippe Stijns, Senior Economist, European Investment Bank Stuart Theobald, Chairman, Intellidex Economics editor Jean-Philippe Stijns, Senior Economist, European Investment Bank Debora Revoltella, Director, Economics Department, European Investment Bank Editorial, linguistic and statistical support Paul Skinner, Senior Translator-Reviser, Deputy Head of Unit, European Investment Bank Dr. Polyxeni Kanelliadou, Assistant, European Investment Bank Magali Vetter, Administrative Assistant, European Investment Bank Jurate Cepulyte-Dubois, Project Manager, European Investment Bank Rafal Banaszek, Statistical and Reporting Analyst, European Investment Bank The articles in this document were discussed at a roundtable event hosted by the EIB’s Economics Department in Luxembourg in the context of the Africa Day hosted on 9 July 2015 by the European Investment Bank in cooperation with Luxembourg’s Presidency of the European Union. About the Economics Department of the EIB The mission of the EIB Economics Department is to provide economic analyses and studies to support the Bank in its operations and in its positioning, strategy and policy.
    [Show full text]
  • The Assessment of Customer Response on Electronic
    THE ASSESSMENT OF CUSTOMER RESPONSE ON ELECTRONIC BANKING SERVICES IN TANZANIA A CASE STUDY OF BANK OF AFRICA (BOA) GRACEANA PAUL MIHAMBO Master Degree in Information Technology in Project Management (IT-Project Management). 2020 THE ASSESSMENT OF CUSTOMER RESPONSE ON ELECTRONIC BANKING SERVICES IN TANZANIA A CASE STUDY OF BANK OF AFRICA (BOA) BY STUDENT NAME; GRACEANA PAUL MIHAMBO A dissertation Submitted in Partial Fulfilment of the Requirements for the Award of the Master Degree in Information Technology in Project Management (IT-Project Management). 2020 CERTIFICATION The undersigned certifies that he has read and hereby recommend for acceptance by the College of Business Education a Dissertation titled “Assessment of customer response on electronic Banking services in Tanzania, A case study of Bank of Africa” in partial fulfillment of the requirements for the award of a Master’s degree in Information Technology in Project Management (IT-Project Management) of College of Business Education. _________________________________ (Supervisor`s Name) __________________________________ (Supervisor`s Signature) Date: __________________________________ i DECLARATION AND COPYRIGHT I, Graceana P. Mihambo, declare that this dissertation/thesis is my original work and that it has not been presented and will not be presented to any other higher learning Institution for a similar or any other academic award/s. Signature ____________________ Date _____________________ © This dissertation/thesis is a copyright material protected under the Berne Convention, the Copyright and Neighbouring Rights Act of 1999, and other international and national enactments, on that behalf, on intellectual property. It may not be reproduced by any means, in full or in part, except for short extracts in fair dealing, for research or private study, critical scholarly review or discourse with an acknowledgment, without the written permission of the College of Business Education ii ACKNOWLEDGEMENTS I thank the Almighty God for granting me good health to accomplish this task.
    [Show full text]
  • Annual Report and Accounts 2009
    HSBC France Annual Report and Accounts 2009 www.hsbc.fr The HSBC Group CCF joined the HSBC Group in July 2000 and changed its legal name to HSBC France on 1 November 2005. Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world. Its international network comprises around 8,000 offices in 88 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by over 220,000 shareholders in 121 countries and territories. HSBC provides a comprehensive range of financial services and serves around 100 million customers through two customer groups: Personal Financial Services and Commercial Banking; and two global businesses: Global Banking and Markets, and Private Banking. In 2009, HSBC’s profit before tax was USD 7,079 million and USD 13.3 billion on an underlying basis and excluding goodwill impairment. Profit attributable to shareholders of the parent company was USD 5,834 million. Total assets were USD 2,364 billion at 31 December 2009. Geographical distribution of results – Profit before tax: Year ended 31 December 2009 USDm % Europe 4,009 56.7 Hong Kong 5,029 71.0 Rest of Asia-Pacific 4,200 59.3 Middle East 455 6.4 North America (7,738) (109.3) Latin America 1,124 15.9 Profit before tax 7,079 100.0 This Reference Document was registered with the Autorité des Marchés Financiers on 29 April 2010 in accordance with Article 212-13 of the AMF General Regulation.
    [Show full text]
  • REGISTRATION DOCUMENT and FULL-YEAR FINANCIAL REPORT Contents
    2014 REGISTRATION DOCUMENT AND FULL-YEAR FINANCIAL REPORT Contents FINANCIAL REPORT 213 5 5.1 IFRS Consolidated Financial Statements of Groupe BPCE as at December 31, 2014 214 PRESENTATION OF GROUPE BPCE 3 5.2 Statutory Auditors’ report on the consolidated fi nancial statements 318 1 1.1 Presentation of Groupe BPCE 4 5.3 IFRS Consolidated Financial Statements 1.2 History of the Group 5 of BPCE SA group as at December 31, 2014 320 1.3 Organization of Groupe BPCE 6 5.4 Statutory Auditors’ report on the consolidated 1.4 Key fi gures 2014 9 fi nancial statements 400 1.5 Contacts 11 5.5 BPCE parent company fi nancial statements 402 1.6 Calendar 11 5.6 Statutory Auditors’ report on the fi nancial statements 447 1.7 2014-2017 strategic plan: “Growing Differently” 12 1.8 Groupe BPCE’s Businesses 15 SOCIAL, ENVIRONMENTAL 6 AND SOCIETAL INFORMATION 449 CORPORATE GOVERNANCE 29 6.1 Sustainable development strategy and cooperative identity 450 2 2.1 Introduction 30 6.2 Response to economic challenges 456 2.2 Management and Supervisory Bodies 32 6.3 Human resources information 463 2.3 Role and operating rules of governing bodies 65 6.4 Response to environmental challenges 474 2.4 Rules and principles governing the determination of pay and benefi ts 72 6.5 Response to societal challenges 482 2.5 Potential confl icts of interest 84 6.6 CSR reporting methodology 491 2.6 Chairman’s report on internal control and risk 6.7 Report by one of the Statutory Auditors, management procedures for the year ended a designated independent third-party body, on the December
    [Show full text]
  • Government Banking
    Government Banking Government Banking New Perspectives on Sustainable Development and Social Inclusion From Europe and South America Kurt von Mettenheim & Maria Antonieta Del Tedesco Lins © KONRAD ADENAUER FOUNDATION – 2008 EDITORS Kurt von Mettenheim Maria Antonieta Del Tedesco Lins LAYOUT AND DIAGRAMATION Caio Fábio Machado COVER DeSIGN Patrícia Azevedo PRESS Editora Vozes X000 Government Banking : New Perspectives on Sustainable Development and Social Inclusion From Europe and South America / Kurt von Mettenheim & Maria Antonieta Del Tedesco Lins, [editors]. - Rio de Janeiro and Berlin : Konrad Adenauer Foundtion , 2008. 232 p. ; 24 cm. ISBN – 978-85-7504-122-8 1. Government banking. 2. Political economy. 3. Social economy. 4. Microcredit. I. Mettenheim, Kurt von & Lins, Maria Antonieta Del Tedesco. II. Konrad-Adenauer-Stiftung. CDD- 303.4 Table of Contents Introduction, Kurt von Mettenheim 7 Part I – Government Banking in Europe 39 Chapter 1 Community Banking Networks and Financial Exclusion:How Savings Banks and Cooperative Banks Contribute to Financial Inclusion in Germany, Anke Turner and Ingrid Größl 41 Chapter 2 Commitment to Corporate Social Responsibility through Supportive Actions in the Banking Industry, Jean-Yves Saulquin 65 Chapter 3 European savings banks and the future of public banking in advanced economies. The cases of France, Germany, Italy and Spain, Olivier Butzbach 85 Part II – Government Banking in Latin America 127 Chapter 4 From Development Banking to Microfinance: Reflections on the Recent History of Banking
    [Show full text]
  • Débats Économiques Et Financiers N°37
    Débats économiques et financiers N°37 The Real Effects of Bank Runs. Evidence from the French Great Depression (1930-1931) Eric Monnet*, Angelo Riva† and Stefano Ungaro‡ *EHESS, Paris School of Economics and CEPR , [email protected] †European Business School Paris and Paris School of Economics, [email protected] ‡Autorité de Contrôle Prudentiel et de Résolution – Banque de France, [email protected] SECRÉTARIAT GENERAL DE L’AUTORITÉ DE CONTRÔLE PRUDENTIEL ET DE RÉSOLUTION DIRECTION D’ÉTUDE ET D’ANALYSE DES RISQUES LES EFFETS REELS DES RUEES BANCAIRES : L’EXEMPLE DE LA GRANDE DEPRESSION EN FRANCE (1930-1931)4 Eric Monnet, Angelo Riva et Stefano Ungaro Mai 2021 Les points de vue exprimés dans ces Débats Économiques et Financiers n’engagent que leurs auteurs et n’expriment pas nécessairement la position de l’Autorité de Contrôle Prudentiel et de Résolution. Ce document est disponible sur le site de l’Autorité de Contrôle Prudentiel et de Résolution : acpr.banque-france.fr The opinions expressed in the Economic and Financial Discussion Notes do not necessarily reflect views of the Autorité de Contrôle Prudentiel et de Résolution. This document is available on acpr.banque- france.fr 4This research has benefited from research funds granted by the Agence Nationale de la Recherche. Grant Number: ANR‐15‐CE26‐0008 & ANR-17-EURE-0001. We thank Sofiane Bouarif, Victor Degorce, Hadrien Clausse, Emilie Bonhoure, João Castello Branco for excellent research assistance, as well as Pierre-Cyrille Hautcoeur, Germán Forero Laverde, Thomas Breda, Patrice Baubeau, Kris Mitchener, Victor Degorce, Gary Gorton, Eugene White, Jean-Bernard Chatelain, Fabio Braggion, Francesco Manaresi, Guillaume Vuillemey, Paul Dutronc-Postel, and participants at the Financial History Workshop at Goethe University, Paris School of Economics, Sorbonne Alliance Finance Seminar, Institute of Economics of Sant'Anna School of Advanced Studies Seminar, and the Economic History Association 2020 Conference for helpful discussions.
    [Show full text]