Our historic commitment of the regional economy is at the heart of our business and our strategy. In everyday life, all of our employees and our elected officials do their utmost to fully play this supportive role, especially in difficult times such as we now live.
Evidence of this commitment are numerous and I have no intention to make the list here.
I wanted to take a topical example, the forestry. Nobody has forgotten
Aquitaine Klauss storm of January and it caused considerable damage.
A strong mobilization of professionals has led to the development, with governments, to provide a backup plan including the implementation of storage areas. The purchase and storage timber and should allow market regulation in the temps.Mais again, we read here and there that the banks "in general" have "dragged their feet", did not play gambling, etc. ... Some have even been submitted, whether by professionals or the government as directly responsible delays in funding measures (subsidized loans) of these stocks bois.Au dock, never Crédit Agricole d'Aquitaine has been cited, which, after all, is not so bad in these time when only the negative dimension is highlighted in the case of banks ... But we would, I think, have enjoyed a good report because we played an exemplary role with emphasis on strength of proposals from government to advance the implementation of these procedures. These have also been simple from the start, which was unfortunately not the case. In this regard, I pass silence the events necessary to obtain the partial guarantee of the state, I am also curious how will distribute the collection (which structure?) of the guarantee fee interest loans that the state will collect ..... More broadly, I confess to being placed in "banks do not play the game" (presumably to pressure ...) resulted in our people a sense of injustice sometimes resulted in the following question:
"But should we play the game and take risks?"
Our commitment is approximately EUR 100 million which makes us by far, the first bank committed at this level. Very clearly, the profitability of this commitment is not to the risks taken, but we felt that the sustainability of the sector was well worth the commitment.
Indeed, it is important to remember that in addition to traditional risks that we (non-repayment of borrowed money), it adds a compliance risk vis-à-vis the payment of subsidy by the State ... It is well known, a missing comma in a contract and the state will withdraw its obligations. We're used to it in terms of soft loans farm ... However, we did not wait to have all the commas procedures to commit ourselves ... In Ultimately, the clients we assist, we have acknowledged. There is no better motivation for our teams.
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Guy CASTLE
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