LCL: contact, opinion, prices and offers, Crédit Agricole depreciates its subsidiary of 600 million euros | The echoes
Crédit Agricole depreciates its LCL subsidiary of 600 million euros
You are not limited for the amount, or in time and you freely have your money on the condition of keeping at least € 10 on the account.
LCL: contact, opinion, prices and offers
LCL is a relatively recent bank – it was not created until 2005 – but resulting from historic actors of the French bank. Its product offer is extremely rich. LCL applies to standing out from its competitors, as much by its innovative products and formulas as by its original and impactful communication.
Presentation of LCL
Identity record
| Creation | 1863 |
| Prices | from 2 € /month with essential |
| Customer service | LCL.fr |
| Address | Central headquarters and general management 20, avenue de Paris 94811 Villejuif cedex The head office 18 Rue de la République 69002 Lyon |
LCL was born following the Fusion of Crédit Agricole and Crédit Lyonnais, August 28, 2005. Its objective was to establish itself as a local bank, with a strong identity and positioning. His commitment is displayed through his original slogan “Ask your money more”, who becomes “Ask your bank more” in 2012.
Today, LCL is:
- more than 1,900 commercial locations Mostly located in urban areas;
- 6 million customers individuals;
- 342,000 professional customers and small businesses;
- 29,500 business customerss and institutional;
- 18,000 employees ;
- A Underlying PNB of 3.4 million in 2017.
The bank was able to quickly find its place on the French market by combining digital and human; LCL counts 1,700 physical banking agencies, Essential LCL advisers reachable from 8:30 am to 5.30 pm on weekdays, a website and an application “LCL my accounts” Elected best bank app for the second consecutive year by Bestbanque.com.
History
The ancestor of LCL, the Crédit Lyonnais, was created in Lyon in 1863. He was a long time one of the pillars of French banking industry, alongside BNP Paribas and Société Générale. In 1993 the so -called case exploded “Du Crédit Lyonnais” who will lead the public bank on the verge of bankruptcy. Crédit Lyonnais is partially privatized in 1999. In 2003, the State sold its participation in Crédit Agricole, making Crédit Lyonnais completely privatized. This acquisition leads to the creation of LCL in 2005, leading to a new brand name and a new logo.
Gradually, The LCL develops its offer by offering services close to the customer such as LCL Banque Privée and demonstrating a certain transparency with the recognition contract:
- In 2009, LCL is launching its first online offer, e.LCL Giving customers the possibility of subscribing to the various products and services (bank account, life insurance, consumer credit, etc..)). LCL continues to develop its service offer by accentuating its digital presence with e.LCL.
- In 2013, LCL sets up a SAV on Facebook where customers can directly contact LCL advisers for all kinds of questions.
- In 2014, LCL proceeds to a real digitalization diversifying its online offer by proposing for example:
- A mobile stock market app
- LCL application on mobile and tablet
- 23 products available on the internet
Current operations prices
Here are the standard rates, excluding service offers of services and excluding promotion or specific price to part of the customers:
Account holding for resident customers of the European Union
- domiciled their income from LCL
- For other customers
The offer “” “LCL à la carte» Allows you to benefit from cumulative and permanent discounts. A payment card and each product or service subscribed within the framework of the LCL to the card gives the right to 3% monthly discount on the total amount of monthly contributions, up to 12%.
Discounts with LCL à la carte
1 payment card + 1 product or service = 3% discount 1 payment card + 2 products or services = 6% discount 1 payment card + 3 products or services = 9% discount 1 payment card + 4 products or services = 12% discount Domicile your income at LCL In addition to allowing you to benefit, until your thirtieth anniversary, from a discount of 10 or 20 %, on the total amount of your monthly contributions (once the products and services have been deducted).
The different products offered by LCL
LCL offers a full range of retail products and services: current accounts, savings, financial investments, personal credits and real estate credits, stock market solutions as well as insurance of people and goods, throughout metropolitan territory as well as in the Antilles-Guyana. The online bank aims to be the reference bank of 1 out of 7, 1 in 2 and 1 SMEs out of 3.
For its current accounts, LCL stands out from the competition by offering an innovative concept “LCL à la carte” (See the detail below) which happens to be more flexible than a package.
Since May 2019, LCL has launched a new offer called “Access Banking”: LCL Essential. This offer at 2 euros per month allows you to benefit from a digital bank, inexpensive with standard services as well as an advisor.
LCL offers: Opinion and comparison Discover our full opinion on LCL offers. To compare them to online banks, consult our comparison.
The personal current account
It is possible to open an online personal current account in a few clicks: you choose Votre local or remote agency and you benefit from a dedicated advisor who accompanies you for the Daily management of your accounts And for your real estate, savings, insurance projects … you can also reach a phone advisor until 10 p.m. on weekdays.
The opening of a current account opens the services of “”LCL à la carte“” which allows you to take only the banking products and services you need and to benefit from cumulative and sustainable discounts.
You are eligible for LCL à la carte if you are an adult. To get there :
- You do your immediate quote on LCL.en or in agency:
- You choose your bank card first;
- YOU Then select the products and services which you need.
- You finalize your membership with an agency advisor;
- You can change your choices of banking products and services if your situation is changing.
THE LCL’s advantages à la carte ::
- You only choose products and services which you need ;
- You benefit from the following discounts for life:
- 3% per product or paid service, up to a limit of 12%
- 10 % additional if you place your income from LCL (20 % for customers under 30)
- € 1 per month for the bank card of each of your children under the age of 18;
- there Billing is monthly to clarify more ;
- If you domiciled your income at LCL, the account holding costs are offered.
Essential LCL
LCL Essential is an offer, without income condition or account holding, aiming to offer “simplicity via digital, security with a controlled speed card and an attractive price, while benefiting from availability of an advisor “.
For 2 euros per month, you can benefit:
- an individual account
- An inventive mastercard with an immedical debit with balance control
- Access to the “LCL my accounts” application
- An advisor available in agency
The ceilings of the offer are:
- Withdrawals: € 700 in France and € 500 abroad over 3 days
- Payments: € 2500 per month
Banking offers at € 2 are multiplying after Eko by Ca and LCL Essential, Société Générale launches Kapsul. These are entry -level offers, without income condition that allow traditional banks to counter the neobank offensive. Very good bet !
The pro account
Open a PRO current account at LCL allows all banking operations to be carried out and have payment means associated with your professional activity. This is an essential approach to be able to dissociate banking operations linked to professional activity and those of the private account.
The PRO account gives access to the following products and services:
- cash payments by bank card;
- finance your activity;
- benefit from Declassive prices with LCL à la carte pro.
The pro account is subject to the perception of operating costs perceived quarterly or monthly, to the choice.
The professional account is open to:
- individual entrepreneurs with their registration in the trades directory and their registration in the trade and companies register, the SIREN number and the APE code;
- companies with the list of partners, the statutes of the company, and registration in the trade and companies register;
- associations with the statutes of the association specifying the person authorized to operate the current account.
Current account offers for professionals: Opinion and comparison Discover our complete comparison on the best online banks for pro accounts. The neobanques also offer offers dedicated to this target. To compare them to online banks, consult our comparison.
Savings booklets
The booklet A
Regulated savings account, net of taxes and social deduction, booklet A is accessible to all. It’s a placement without risk and at no cost, available at any time. You can save up to € 22,950 and can make punctual and regular payments. You can also make withdrawals.
- Payment: 10 € minimum except for the System’Apargne option
- Amount of withdrawals: 10 € minimum per operation
- Minimum balance: 10 €
The sustainable and united development booklet:
THE LDDS is a regulated savings account, net of taxes and social security contributions. It allows you a risk -free savings, up to € 12,000, or € 24,000 for a married or PACS couple. Occasional and regular payments as well as withdrawals are possible.
Customers concerned Any taxpayer person, having their tax domicile in France Minimal initial payment 10 € Payment ceiling € 12,000 (excluding capitalization of interest) Withdrawal and payments Free and free Remuneration 0.50 % on February 1, 2020
Interest rate identical to that of booklet A, fixed by the public authorities and susceptible of variation.Taxation Exempt interest in income tax and social security contributions Contract length Unlimited The account on booklet
THE CSL is a savings account, without limit of deposit on which the money remains available at any time. You save without risk, you are not limited for the amount or over time and you freely have your money, provided to keep at least € 10 on the account.
Customers concerned Anyone residing or not in France on a usual basis Minimal initial payment 10 € Payment ceiling Unlimited Withdrawal and payments Free
Each withdrawal and payment cannot be less than € 10
(except as part of the System’Apargne option)
Minimum balance: 10 €Remuneration 0.15 % on July 1, 2016 Taxation The interest paid is subject to the taxation in force Contract length Unlimited The Cherry Booklet
THE Cherry booklet is a savings account for LCL customers holding an LDDS or a booklet A. It is a risk -free savings product for which you benefit from a higher remuneration than that of the CSL up to € 20,000, when the ceiling of your LDDS or your booklet A is reached.
You are not limited for the amount, or in time and you freely have your money on the condition of keeping at least € 10 on the account.
Customers concerned Anyone over 18, residing or not in France Minimal initial payment 10 € Payment ceiling Unlimited Withdrawal and payments Free
Each withdrawal and payment cannot be less than € 10
(except as part of the System’Apargne option)
Minimum balance: 10 €Remuneration Up to € 20,000: 0.75 % on January 1, 2016, if your LDDS and/or booklet A has reached its ceiling.
Beyond € 20,000, it is the remuneration of the CSL in force at LCL which applies.
Rate set by LCL and susceptible to variations.Taxation The interest paid is subject to the taxation in force Contract length Unlimited The Zebulon booklet
THE Zebulon booklet is a risk -free savings product. You save for your child and he’s Familiar with savings By depositing his savings. You can make cash or cash withdrawals at your LCL agency at any time.
Customers concerned Child under 12, residing or not in France Minimal initial payment 10 € Payment ceiling € 2,000 (excluding interest capitalization) Withdrawal and payments Free
Each withdrawal and payment cannot be less than € 10
(except as part of the System’Apargne option)
Minimum balance: 10 €Remuneration Up to € 2,000: 0.95 % on July 1, 2016
Rate set by LCL and susceptible to variationsTaxation Interests are subject to a non -liberating levy as an income tax deposit as well as social security contributions. Duration Until your child’s 12th anniversary The young booklet
THE Young booklet is a savings account, available, net of taxes and social security contributions, reserved for 12-25 year olds. It is a risk -free savings product, which allows you to benefit from privileged conditions compared to other savings accounts. You can make withdrawals at any time, with the authorization of the legal representative for minor people under the age of 16. You are free in your payments for the rate and the amounts.
- 10 € minimum per operation
- Minimum balance: 10 €
The Popular Savings Booklet
LEP is a regulated savings account, net of tax and social security contributions. It is intended to help people with the most modest incomes to place their savings in conditions which maintain their purchasing power.
Customers concerned Any taxpayer person who can justify a reference tax income of the legal ceiling each year* Minimal initial payment 30 € Payment ceiling € 7,700 (excluding interest capitalization) Withdrawal and payments Free and free Remuneration 1 % on February 1, 2020
Rate set by the public authorities and susceptible to variation.Taxation Exempt from income tax and social contributions Contract length Unlimited
However, each year, the holder must justify his quality as the rightSpecimens No possibility of domicile samples on a LEP * Income below the legal ceiling: income below the amounts mentioned in article 1417.1 of the General Tax Code, assigned to a multiplier coefficient equal to 1.8.
Life insurance:
LCL Life
The LCL Life life insurance contract is accessible from € 50 (or € 15 for regular payments). You access a wide range of supports and you send capital in the event of death. You easily have the capital of your contract at any time.
Our comparison of the best life insurance as you know, savings are less and less remunerative in France. For optimize your yields to the maximum Depending on your savers profile, discover our comparison of the best life insurance that will give you an overview of the market and explanations on the main parameters to make the best choice .
Programmed objective
Programmed objective is an innovative medium with a higher remuneration potential than that of the support in euros, over a duration of your choice, between 8 and 40 years. You choose between 80 and 90% partial warranty of capital at maturity.
Planning Plan Popular Velvet
Accessible from 30 € per month, you benefit from a tax advantage on the payments made during the period of constitution of retirement. At the start of retirement, your capital is converted in the form of a pension paid for life and revalued each year. You can choose a reversible annuity in the event of death for the benefit of a beneficiary that you designate.
Lionvie Vaiger
From € 6000, you make a single payment and benefit from a life annuity, upgraded each year. You can choose a reversible annuity in the event of death for the benefit of a beneficiary that you designate.
How to contact LCL customer service ?
If you want to make an appointment in an agency, you must compose 09 69 36 30 30 . To find the local agency to which you are going to be attached, locate yourself.
For any question: go to the FAQ page or compose 09 69 36 30 Monday to Friday from 8 a.m. to 10 p.m. and from 8 a.m. to 7 p.m. Saturday (time valid in mainland France). Cost of a local call for any operator, not surcharged.
For deaf or hard of hearing people, you have access to a call with real-time subtitling or with a visio interpreter. To do this, go to the ACCEO service access page.
LCL Application My Accounts
The LCL My Accounts application, available on the App Store and Google Play, allows the customer to:
- visualize your accounts thanks to the aggregation
- benefit from management features
- make transfers via application
- Set your purchases with an Android smartphone with contactless
- Manage payment ceilings in real time the payment ceilings
- Activate/deactivate contactless
- contact your advisor
- Find the useful daily services: checkbook command, SOS Cards, SCAN Safety, etc.
The LCL My Account application is a complete application, allowing the customer to control his accounts via him. The bank remains consistent with its digitalization approach.
Crédit Agricole depreciates its LCL subsidiary of 600 million euros
The mutual group announced on Tuesday evening a new depreciation on its subsidiary bought in 2003. It questions the environment of persistent low rates, but does not modify its dividend policy.
Posted on Dec 17. 2019 at 19:52
It is a heavy load that is preparing to pass Crédit Agricole S.HAS. in his accounts. The vehicle listed of the mutual banking group announced Tuesday evening that it recorded on LCL a depreciation of the acquisition gap (difference between the amount paid to acquire an asset and the accounting value of this asset) “up to approximately 600 million euros ». It will “directly impact the group share of the group” for the 2019 financial year.
The parent company nevertheless wanted to specify, in a press release, that the charge will affect “neither the solvency nor the liquidity of Crédit Agricole S.HAS. or the Crédit Agricole group “. It wants to be also reassuring about the dividend, ensuring that the distribution policy was “not questioned”. This accounting depreciation is the result of the review of the value of assets that the group operates at the end of the year, the bank said.
Persistence of low rates
Bought in 2003 after particularly competitive auctions and on the basis of a valuation of more than 19 billion euros, LCL, the Crédit Agricole “cities”, has around six million customers, with 1.700 agencies spread across the territory. “Without questioning the overall financial balance of the Crédit Agricole group as a whole, the current macroeconomic and financial environment in which LCL operates has weighed on its useful value and leads to the observation of a depreciation of the gap acquisition recorded in the accounts, ”said the group in a press release.
The bank undergoes, like the rest of the sector, the effects of the persistence of low rates which are pulcing the margins of establishments in retail activities. Even though competition is also alive in the production of credits in France: in the third quarter, credit activity, and in particular real estate loans to individuals, supported the financial results of the main French banking groups. In LCL, the growth in credits also increased by 9.2 % over the period.
In any case, this is a new blow for the ex-credit Lyonnais and his parent company. The Green Bank had already spent a charge of 491 million euros in its accounts three years ago, due to the depreciation of its subsidiary. The same reasons causing the same effects, the group had already mentioned at the time “the context of low rates”, which had “led to massive renegotiations of real estate loans”, and therefore “weighed on the usefulness of LCL utility “, Leading” to the observation of a depreciation of the acquisition gap “. Then in 2018, the group had to strengthen the equity of its subsidiary of 1.5 billion euros at the request of the ECB.
Commercial dynamics
Despite this new accounting burden, Crédit Agricole aims to be reassuring and reaffirms LCL’s financial objectives on Tuesday, set last June during the presentation of the strategic plan in the medium term. The group relies on an increase in the profitability of LCL equity, with a Rone ratio (“Return on Net Equity”) of more than 12.5 % in 2022. The operating coefficient – excluding contribution to the single resolution fund – should be less than 66 % on this horizon.
The commercial dynamic remains important at LCL, insists the parent company also. During the first nine months 2019, its subsidiary displays a net conquest of 49.000 customers.
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