CREDIT LYONNAIS

Shareholders of CREDIT LYONNAIS

CREDIT LYONNAIS (LCL) has share capital of €2,037,713,591, divided into 393,158,237 fully paid registered ordinary shares of €5.18 nominal each. Note 6.17 of LCL’s consolidated financial statements gives the shareholder table at 31 December 2025, and it discloses the whole shareholding:

• Crédit Agricole S.A. (SIREN 784 608 416) holds 375,686,584 shares, or 95.56% of capital and 95.56% of voting rights. The holding is direct.
• SACAM Développement (SAS, SIREN 444 369 607) holds 17,471,652 shares, or 4.44% of capital and voting rights. The 2025 corporate governance report says this company holds the Caisses régionales de Crédit Agricole’s interest in LCL.
• One share is shown under “other shareholders”.

The three lines add up exactly to the issued share count, and the table records no shares issued or redeemed in 2025. There is only one class of share, and the capital and voting percentages are identical. LCL’s shares are not admitted to trading on a regulated market. So who owns CREDIT LYONNAIS is answered by the company’s own filed accounts, not by market disclosures.

Ultimate beneficial ownership

Crédit Agricole S.A. is listed on Euronext Paris. Its 2025 universal registration document reports that at 31 December 2025, SAS Rue La Boétie held 63.49% of its capital and 63.50% of its voting rights. SAS Rue La Boétie (SIREN 439 208 190) is wholly owned by the Caisses régionales de Crédit Agricole. The remainder of Crédit Agricole S.A. was held by employees through FCPE funds (6.55%), by the public (29.95%) and as treasury shares (0.01%).

Calculated effective ownership through this chain: 63.49% × 95.56% ≈ 60.67% of CREDIT LYONNAIS is held by SAS Rue La Boétie via Crédit Agricole S.A. Ultimate control therefore rests with the cooperative network of Caisses régionales, not with an individual. No document reviewed names a natural person as a beneficial owner of LCL. The ownership chain above SACAM Développement was not verified for this page, so its 4.44% is not combined into the effective figure.

Data availability

Availability is full for direct shareholders, from LCL’s own audited accounts dated 31 December 2025. The French register of beneficial owners has not been open to the public since November 2022, so it could not be consulted. The provider shareholder table on this page names one natural person as the 100% holder of CREDIT LYONNAIS. That person is in fact the bank’s chief executive, and no filing supports the holding. The filed shareholder table above contradicts it, so it should be disregarded.

Sources

• LCL, Comptes consolidés au 31 décembre 2025, note 6.17 “Capitaux propres” and introductory note (control under article L.233-3 of the Code de commerce): https://portail-lcl-web.cdn.prismic.io/portail-lcl-web/agRMdqYofJOwHLMw_LCLComptesconsolid%C3%A9sau31d%C3%A9cembre2025Vcac.pdf (retrieved 2026-10-15)
• LCL, Rapport sur le gouvernement d’entreprise 2025, section 5.1 “Structure de capital”: https://portail-lcl-web.cdn.prismic.io/portail-lcl-web/agRIgKYofJOwHLJm_LCLRapportsurlegouvernementd%27entreprise2025.pdf (retrieved 2026-10-15)
• Statuts du Crédit Lyonnais, 28 April 2026, article 4 (share capital): https://portail-lcl-web.cdn.prismic.io/portail-lcl-web/aiGUpweQX7-eWvjF_StatutsCr%C3%A9ditLyonnais28avril2026.pdf (retrieved 2026-10-15)
• Crédit Agricole S.A., 2025 universal registration document (ESEF filing, period ending 31 December 2025, filed April 2026), shareholding tables: https://filings.xbrl.org/969500TJ5KRTCJQWXH05/2025-12-31/ESEF/FR/0/969500TJ5KRTCJQWXH05-2025-12-31-1-fr/reports/969500TJ5KRTCJQWXH05-2025-12-31-1-fr.xhtml (retrieved 2026-10-15)
• INSEE Sirene via recherche-entreprises.api.gouv.fr (SIRENs 784608416, 444369607, 439208190): https://recherche-entreprises.api.gouv.fr/search?q=444369607 (retrieved 2026-10-15)

Directors and officers of CREDIT LYONNAIS

CREDIT LYONNAIS (LCL) is a société anonyme with a board of directors (conseil d’administration). The chair of the board and the chief executive are separate roles. The 2025 corporate governance report gives 16 directors at 31 December 2025:

• seven chairmen or chief executives of Caisses régionales de Crédit Agricole;
• one corporate director, SACAM Développement (SAS, SIREN 444 369 607), acting through a permanent representative;
• three executives of Crédit Agricole S.A.;
• three directors from outside the Crédit Agricole group;
• two directors elected by employees.

Jérôme Grivet has chaired the board since 24 April 2025. At the end of 2025, the two effective managers (dirigeants effectifs) under article L.511-13 of the Monetary and Financial Code were:

• Serge Magdeleine, Directeur général since 1 January 2024;
• Olivier Nicolas, Directeur général délégué since 25 July 2024.

Under the articles, directors serve three-year terms, with an age limit of 65 (70 for the chair).

The provider officer list shown on this page stores only 5 of the 136 rows it reports, and marks all five as resigned. One of these is wrong. Laurence Daures is stored as resigned, with an appointment date of 27 May 2013. The 2025 governance report lists her as a serving independent director, first appointed on 27 April 2017 and renewed on 27 April 2023, with her term running to the 2026 general meeting. BODACC notices published from April 2025 to 15 October 2026 record other board departures but none for her. The other four stored rows are former directors whose terms could not be dated from the documents reviewed. Neither the chair nor any current executive appears among the stored rows.

Recent officer changes

• 24 April 2025: Jérôme Grivet was appointed a director at the general meeting and chair by the board that day. He succeeded Philippe Brassac, who resigned (governance report 2025; BODACC notice B202500971069, published 21 May 2025).
• 1 January 2026: Jean-François Dupouy became Directeur général délégué. The board approved his appointment on 11 December 2025 (governance report 2025; BODACC notice B202600112028, published 18 January 2026).
• BODACC notice B202601003245, published 29 May 2026: Jean-Pierre Gaillard ceased to be a director and Olivier Borel became a director. The notice does not state the effective date.

Data availability

Officer information is full. The French register publishes the legal representatives, directors and permanent representatives through BODACC notices, and LCL publishes a dated board table every year. In its 2025 composition table, LCL’s governance report records French nationality for each director listed. The register itself does not publish nationality. Countries of residence are not disclosed.

Sources

• LCL, Rapport sur le gouvernement d’entreprise 2025 (board composition at 31 December 2025, changes in 2025, list of mandates): https://portail-lcl-web.cdn.prismic.io/portail-lcl-web/agRIgKYofJOwHLJm_LCLRapportsurlegouvernementd%27entreprise2025.pdf (retrieved 2026-10-15)
• BODACC notices for SIREN 954509741 (DILA open data; a control query on SIREN 784608416 returned that company’s own notices): https://bodacc-datadila.opendatasoft.com/api/explore/v2.1/catalog/datasets/annonces-commerciales/records?where=registre%20like%20%22954509741%22 (retrieved 2026-10-15)
• BODACC notice B202601003245, 29 May 2026: https://www.bodacc.fr/pages/annonces-commerciales-detail/?q.id=id:B202601003245 (retrieved 2026-10-15)
• BODACC notice B202600112028, 18 January 2026: https://www.bodacc.fr/pages/annonces-commerciales-detail/?q.id=id:B202600112028 (retrieved 2026-10-15)
• BODACC notice B202500971069, 21 May 2025: https://www.bodacc.fr/pages/annonces-commerciales-detail/?q.id=id:B202500971069 (retrieved 2026-10-15)
• Statuts du Crédit Lyonnais, 28 April 2026: https://portail-lcl-web.cdn.prismic.io/portail-lcl-web/aiGUpweQX7-eWvjF_StatutsCr%C3%A9ditLyonnais28avril2026.pdf (retrieved 2026-10-15)

Group structure of CREDIT LYONNAIS

CREDIT LYONNAIS (LCL) belongs to the Crédit Agricole group.

• Immediate parent: Crédit Agricole S.A., which holds 95.56% of LCL’s capital and voting rights. LCL’s 2025 consolidated accounts state that Crédit Agricole S.A. controls LCL within the meaning of article L.233-3 of the Code de commerce. Crédit Agricole S.A. fully consolidates LCL at 95.6% control and interest.
• Ultimate parent: SAS Rue La Boétie, which holds 63.49% of Crédit Agricole S.A. and is itself wholly owned by the Caisses régionales de Crédit Agricole.
• GLEIF: records LCL as directly consolidated by Crédit Agricole S.A.

LCL’s own consolidation scope at 31 December 2025 has three operating subsidiaries, all in France:

• Interfimo, held at 98.95%, an ACPR-authorised financing company;
• Fimo Courtage, owned through Interfimo;
• Angle Neuf, held at 100%.

The scope also includes two LCL compartments of securitisation funds (FCT). Below the materiality threshold, LCL lists further holdings that it does not consolidate. These include the wholly owned EURL Ste Anne St Augustin, and minority stakes such as 24% of Crédit Agricole Titres.

The stored group tree on this page puts a Chilean representative office of Crédit Agricole Corporate and Investment Bank beneath LCL. That entity appears in neither LCL’s consolidation scope nor its list of non-consolidated holdings, so it is not shown here as an LCL subsidiary.

Verified corporate relationships

Recent structural changes

• December 2025: CL Développement Économique (CLDE) was merged into LCL by universal transfer of assets (transmission universelle de patrimoine) and left the consolidation scope (LCL consolidated accounts 2025, note 13).
• May 2025: LCL set up the FCT Crédit Agricole Conso 2025 consumer-loan securitisation, covering €2.5bn of loans. Its LCL compartment entered the consolidation scope in 2025.
• February to May 2025: SAS Rue La Boétie bought Crédit Agricole S.A. shares on the market, raising its stake from 62.45% at the end of 2024 to 63.49% at the end of 2025 (Crédit Agricole S.A. 2025 URD).

Data availability

The group structure is fully disclosed for the parent chain and for LCL’s consolidated subsidiaries. The source is the audited 2025 accounts of LCL and of Crédit Agricole S.A. Holdings below the materiality threshold are listed only partly.

Some entities in the table were matched to their SIREN by name and registered address in Sirene, because the accounts give names only:

• Fimo Courtage shares Interfimo’s address;
• Sainte Anne – Saint Augustin is registered at LCL’s Villejuif head office.

The stored tree keys French entities on 14-digit SIRET establishment numbers. The SIREN is the first nine digits.

Sources

• LCL, Comptes consolidés au 31 décembre 2025 (introductory note; note 13 “Périmètre de consolidation”; note 14 “Participations et entités structurées non consolidées”): https://portail-lcl-web.cdn.prismic.io/portail-lcl-web/agRMdqYofJOwHLMw_LCLComptesconsolid%C3%A9sau31d%C3%A9cembre2025Vcac.pdf (retrieved 2026-10-15)
• Crédit Agricole S.A., 2025 universal registration document (ESEF filing; consolidation scope and shareholding sections): https://filings.xbrl.org/969500TJ5KRTCJQWXH05/2025-12-31/ESEF/FR/0/969500TJ5KRTCJQWXH05-2025-12-31-1-fr/reports/969500TJ5KRTCJQWXH05-2025-12-31-1-fr.xhtml (retrieved 2026-10-15)
• GLEIF direct-parent relationship for LEI 9695009F5UPB9IITI298: https://api.gleif.org/api/v1/lei-records/9695009F5UPB9IITI298/direct-parent-relationship (retrieved 2026-10-15)
• REGAFI (ACPR), Interfimo, SIREN 702010513: https://www.regafi.fr/api/explore/v2.1/catalog/datasets/prd-banque-entites/records?where=search(%22702010513%22) (retrieved 2026-10-15)
• INSEE Sirene via recherche-entreprises.api.gouv.fr (SIRENs 702010513, 329712715, 510539018, 662051051): https://recherche-entreprises.api.gouv.fr/search?q=329712715 (retrieved 2026-10-15)