We are not in an economic crisis


2020, black year. Crédit Agricole Loire / Haute-Loire resistance ...

“2020 was a year of contrasts. We released 17.5{7d3485657e94c2a51293ca186d4450b2f27c317aa7ee3509dac6c8bbf5461118} of the additional home loans compared to 2019 for the two departments. This is the best home loan year in the past five years. Consumer loans were the same as in 2019. Business loans for investments increased by 10{7d3485657e94c2a51293ca186d4450b2f27c317aa7ee3509dac6c8bbf5461118}. '

Businesses have suffered. Did you feel it

“For companies that werent doing well before the health crisis, time was deadly. In spite of this, the mechanisms put in place by the authorities and activated by economic partners are likely to have enabled a certain number of them to avoid major difficulties. For us, the banks revenue increased 1.1{7d3485657e94c2a51293ca186d4450b2f27c317aa7ee3509dac6c8bbf5461118}, but net income increased 7{7d3485657e94c2a51293ca186d4450b2f27c317aa7ee3509dac6c8bbf5461118}. It went from 79 to 73 million euros.

So there was no real economic crisis ...

“2020 is not or only marginally shaped by the effects of the health crisis, which shows that we are not or at least not yet in an economic crisis. We are in a suspension of business to manage the plumbing. ''

How did you support companies?

“In March we decided to ask each of our customers if they would like to extend the deadlines by six months. 1/3 of them wanted it. In the fall, only a few dozen struggled to resume their deadlines. The reality is that almost all companies have successfully met their loan periods. ''

Have you made a lot of government guaranteed loans?

“We issued guaranteed loans totaling € 380 million, which provided companies with substantial cash. This affects 1/3 of our customers. This support has clearly enabled professionals and companies to avoid the shock of the pandemic. ''

Did individuals save more last year?

'Yes. Above all, they have spent less ... Where the money available on checking accounts normally increases by a few percent, deposits have increased by 30{7d3485657e94c2a51293ca186d4450b2f27c317aa7ee3509dac6c8bbf5461118} ...'

Its enormous ...

“We had rarely seen such progress. The future of these deposits is fundamental to recovery. If confidence returns and these sums join consumption, we will avoid an economic crisis after the health crisis. Because consumption is the first pillar of growth in France. ''