Type Subsidiary Predecessor Crédit Lyonnais Profit €594 million (2015) Revenue 3.63 billion EUR (2015) Founded 6 July 1863, Lyon, France Parent organization Crédit Agricole | Industry Financial services Key people Henri Germain Headquarters Paris, France Founder Henri Germain Credit card support 00 33 4 42 60 53 02 | |
Products Retail, corporate and investment banking; asset management CEO Yves Nanquette (1 Jan 2011–) | ||
LCL S.A. is a major French financial services company, with its registered office in Lyon, France and its administrative head office in Paris, France. LCL is an abbreviation which means Le Crédit Lyonnais, the former name of the bank. Since 2003, LCL is owned by Crédit Agricole but still operates as a separate entity in all of France.
It serves about 6 million customers in 2000 branches in France (2005).
Controversy
In 2010 the French government's Autorité de la concurrence (the department in charge of regulating competition) fined eleven French banks, including LCL S.A., the sum of 384,900,000 euros for colluding to charge unjustified fees on check processing, especially for extra fees charged during the transition from paper check transfer to "Exchanges Check-Image" electronic transfer.