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II. Summary chronology of the extensions of Crédit Agricole’s field of competence


1906: Crédit Agricole can make long-term loans to cooperatives.
1910: Possibility for Crédit Agricole to make long-term individual loans.
1920: Crédit Agricole can distribute medium-term loans. It can also receive deposits from all people.
1921: Opening of Crédit Agricole loans to rural artisans.
1923: Crédit Agricole can finance the electrification of rural communities.
1936: Crédit Agricole finances the storage of cereals through the ONIB.
1946: Creation of loans to young farmers.
1959: Crédit Agricole is authorized to distribute housing loans in rural areas to non-agricultural households (municipalities with less than 2,000 inhabitants).
1962: Creation of the first subsidiary, Sofideca, to acquire stakes in agrifood companies. This is the beginning of a movement to create subsidiaries that will allow Crédit Agricole to intervene in areas that were previously closed to it.
1967: Crédit Agricole is authorized to distribute housing savings loans.
1969: Crédit Agricole distributes its first sicavs.
1971: The “law of rurality” extends the definition of the environment, which goes from municipalities with less than 2,000 inhabitants to those of less than 5,000. Crédit Agricole’s financing possibilities are extended to artisans and agro-food industries. A decree of August 11 broadens the possibilities of non-subsidized loans and housing finance …

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