Crédit Agricole has increased its stake in Banco BPM to 29.3% of the Italian bank's share capital. The additional stake was accumulated through market purchases of shares and a derivative instrument, crossing the 25% threshold. Crédit Agricole stated that the move is consistent with its strategy as a long-term investor and partner, strengthening industrial partnerships in consumer finance and insurance. The increase is expected to have a total impact of approximately minus 35 basis points on Crédit Agricole's CET 1 ratio as of the end of the second quarter of 2026.
Banco Bpm SpACrédit Agricole increased its stake to 29.3%, signaling confidence and potential strategic support.
Credit Agricole SAThe stake increase will reduce Crédit Agricole's CET1 ratio by ~35 bps, a capital cost.
Caisse Régionale de Crédit Agricole Mutuel de Paris et d-Ile-de-France