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| Credit Lyonnais, Lille | Credit Lyonnais, Lyon |
LCL S.A. (formerly Crédit Lyonnais) is a financial services company operating as a subsidiary of Credit Agricole Group. It provides a wide range of banking products and services along with asset management, insurance and wealth management. The company serves more than 6 million individual customers, 330,000 small business customers and 29,000 corporate customers through a network of over 2,000 branches in France. With assets under management of over EUR 41 billion, LCL Banque Privée serves 163,000 customers through 67 special branches.
History
LCL, formerly known as Crédit Lyonnais, was established by Henri Germain in July 1863 and was the biggest bank in the world by 1900. In 1990s, Crédit Lyonnais was the largest French bank. It was the subject of poor management that led to its bankruptcy in 1993. In 2003, Credit Lyonnais was acquired by Crédit Agricole Group and now operates as a separate entity. Crédit Lyonnais changed its name to LCL in August 2005 to avoid references to the Crédit Lyonnais scandals.
LCL business lines:
Retail banking for individual customers
Retail banking for small businesses
Private banking
Corporate banking
Financials (H1 2016)
Revenue: €1.684 billion
Net income: €176 million
Operating income: €273 million
LCL headquarters address:
20, avenue de Paris
Villejuif Cedex
Paris, 94811 France
Phone number: 33 1 42 95 70 00
Website: www.lcl.com