CEDICAM and Equens Start a Commercial Partnership

By Equens, PRNE
Sunday, February 27, 2011

PARIS and UTRECHT, The Netherlands, February 28, 2011 - CEDICAM, the Credit Agricole Group's payment subsidiary, and Eq uens SE
today confirmed that they have signed a framework agreement to establish a
commercial partnership. This framework agreement is the first tangible result
of fruitful discussions which began at the end of 2009. The parties share a
common vision on the strategic developments in the European card and payment
processing market and have reflected this in the agreement. Their commercial
partnership represents a unique joint opportunity across the French, German,
Dutch and Italian geographies which will mutually benefit each organisation's

CEDICAM and Eq uens have stated earlier that they wish to jointly realise
the following goals:

    - Combining volumes and developing synergies in order to reduce unit
      processing costs.

    - Fostering growth dynamics in order to be able to offer technical and
      commercial expertise and broad regional coverage.

In the context of the framework agreement, CEDICAM and Equens have
identified numerous potential joint projects that will allow them to achieve
these goals. In addition, these projects will deliver tangible benefits and
address the increasing demand amongst banks for a further reduction of
processing costs for the benefit of their customers. These potential joint
projects have the following objectives:

    - Defining and implementing the operational conditions for connecting the
      systems of CEDICAM and Equens and exchanging transactions ("in-cloud"

    - Sharing expertise in order to optimise IT development activities.

    - Optimising the supply conditions for hardware and software.

    - Exploring new opportunities by expanding potential commercial
      partnerships with the European subsidiaries of the Credit Agricole

The parties will also be able to leverage and strengthen their current
European footprints (e.g. by cross-selling services to their respective
client groups across Europe), thereby creating scale benefits.

Marc Carlos, Head of Payment Systems and Services at Credit Agricole S.A.
and Chairman of CEDICAM: "We are convinced that the most pragmatic approach
to deliver results and benefits in the short term is to build a strong
commercial partnership between us. This framework agreement constitutes a
major step towards the implementation of our shared strategic vision of the
European card and payment market."

Michael Steinbach, Chairman of Equens' Board of Directors: "This
partnership is an important next step in following our European strategy.
This extensive commercial agreement between Credit Agricole, CEDICAM and
Equens will provide major opportunities for us all in terms of scale and
scope in the European market of payment and card processing".

Note to Editors:

About Credit Agricole :

Credit Agricole is France's number one banking organisation, serving 28%
of the country's households, and operating across the entire spectrum of
banking and finance. It serves 58 million individual customers across the
world and has built a network of 11,850 branches in more than 20 countries.
Credit Agricole is the largest retail bank in Europe in terms of income from
retail banking. It is the leader in France, ranks third in Europe, and ninth
worldwide in terms of Tier 1 capital (The Banker 2009). The group operates in
70 countries and has more than 160,000 employees worldwide.


CEDICAM is the payment processing and systems subsidiary of Credit
Agricole S.A. and the 'Caisses Regionales'. It operates primarily in the
domains of electronic banking, payment and card processing, and security of
payments. Within the Credit Agricole group, CEDICAM combines expertise to
further develop processing activities on a European scale.

For additional information on Credit Agricole and CEDICAM, please visit

About Equens

Equens SE is one of the largest payment processors in Europe, leading the
market for future-proof payment and card solutions. Thanks to an extensive
and competitive range of services, the company seamlessly meets the
requirements and wishes of the European payments market. Equens supports the
development of a single, uniform European payments market (SEPA), and is
dedicated to the standardisation and harmonisation of European and global
payments. With clients and partnerships in multiple European countries, the
company offers pan-European market coverage from offices in four countries -
the Netherlands, Germany, Italy and Finland. And with an annual processing
volume of 9.7 billion payments and 3.9 billion POS and ATM transactions,
Equens SE has a European market share of more than 12.5%.

For additional information on Equens, please visit

Credit Agricole S.A., Stephanie OZENNE, +33-(0)1-43-23-59-44, stephanie.ozenne at credit-agricole-sa.fr. Annemieke Lambregts, +31-(0)30-283-50-27, +31-(0)650-21-30-91. Jorg Richter, +49-(0)69-589993-60362, +49-(0)-172-6139597. Marcel Woutersen, +31-(0)30-283-54-27, +31-(0)629-05-08-71

will not be displayed