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Cecilia ZANELLA

Support by the
Crédit Agricole group

Last updated: september 2021

The Italy International Desk ensures the support of the Crédit Agricole Group’s business clients for the development of their activities in Italy and abroad.
It relies on the network of Crédit Agricole Italia community banks, these representing an integral component of the Crédit Agricole Group since 2007. The community bank represents the central pivot in the Crédit Agricole Group’s presence in Italy, supporting all business lines offered in the country:

 

  • Consumer lending: Agos Ducato, FCA Bank
  • Leasing: CA Leasing
  • Factoring: CA Eurofactor
  • Investment banking: CA-CIB
  • Asset management: Amundi
  • Asset servicing: CACEIS
  • Insurance: CA Assicurazioni, CA Vita, CA Creditor Insurance
  • Private banking: CA Indosuez Wealth Management, CA Indosuez Fiduciaria
  • Le Village by CA

The close collaboration between the commercial branch of the CA Italia bank and the other business lines enables us to provide an expansive and integrated suite of services in Italy to all levels of economic players.

For non-banking matters, the International Desk offers the support of local law or accounting offices and its partners as well as expertise in business internationalisation.

Access the Crédit Agricole Italy website

For more information, see the list of the Crédit Agricole Group’s locations.

Crédit Agricole Italia in figures

  • 2,700,000 clients assets
  • 1,227 offices
  • 13,500 partners

Data: 12/2020; Source : CA Italy

Positioning and organisation of businesses in the market

Crédit Agricole Italia deals with all business sectors, from SMEs to multinational companies. The business clients of Crédit Agricole Italia are supported by specialised advisors in 27 business centres and 4 large corporate poles across Italy.

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Means of payment

With Italy

Company cheque

Bank cheque

SWIFT transfer

Bill of exchange

Promissory note

Documentary remittance

Documentary credit

Riba

Usage

Weak / None

Weak

Common

Weak / None

Weak / None

Common

Common

Common

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Advice from the
international desk

General Information

Note similarities between the Italian and the French situation (giorno feriale = jour ouvrable [workday], assegno bancario = chèque d'entreprise et non bancaire [business and non-banking cheque] etc.). It is still not easy to access relevant information (privacy protection law). There is no commercial court, which leads to very long delays in receiving responses.

 

Payment Methods & Banking Details

The payment deadline must always be indicated on the invoice in order to be valid. The slightest irregularity in the information provided on a cheque will lead to its immediate rejection; the value date is that of its creation and, in the case of its absence, that of its presentation (cash increase for the issuer).

RIBA is a payment instrument regularly used in Italy. It entails a simple acknowledgement of what is owed; it does not raise any exchange right such as in the case of a bill of exchange and does not, therefore, have any legal value.

Since 2006 businesses have had use electronic solutions to pay taxes. In the same way, businesses operating on public markets for the sale of goods or services are obliged to use electronic billing tools.

Comments

  • Delays in payments are very long, particularly in the health sector (more than 350 days)
  • ”State” fixed prices are set on account transactions
  • A tax of 0.25% is assigned to mid- and long-term loans. It is deducted from the sum of the loan provided to the client and paid directly to the state.
  • The majority of loans are short-term and at variable rates ;
  • The spread is generally greater than that in France.

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