commiss decis juli aid grant franc crédit agricol group connect collect keep notari deposit rural municip notifi document number french text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof call interest parti submit comment pursuant provis procedur letter date januari commiss inform french author initi procedur articl respect advantag grant french state crédit agricol exclus collect deposit notari rural area procedur initi complaint lodg associ français de banqu afb chambr syndical de banqu populair csbp right grant state crédit agricol french author repli letter date april provid fulli detail repli question ask letter initi procedur announc plan end crédit agricol collect notari deposit mid public notic initi proceed offici journal european commun crédit agricol letter commiss date june explain measur question constitut state aid letter date septemb commiss ask french author detail basi repli april french author repli januari commiss letter januari french author confirm right grant crédit agricol abolish author inform letter date april measur plan put end right question april ii crédit agricol descript notari deposit system merger société générale pariba announc februari crédit agricol group lead french bank group largest bank group europ consist group mutual societi set end centuri meet financi farmer quot caiss national du crédit agricol quot cnca respons alloc advanc branch set state cnca privatis group complet privat own group quot caiss régional quot employe caiss régional own quot caiss local quot consist million sharehold group activ evolv larg scale deposit univers bank end network branch quot green point quot servic deleg trader simpl oper rural area crédit agricol account branch main afb bank crédit agricol group continu plai essenti part financ agricultur custom consider diversifi socioprofession categori popul sector economi held monopoli distribut subsidis loan agricultur subsidi open bank competit notari member profess public offic subject specif rule laid public author hold deposit custom relat transact subject notari act state requir notari place deposit establish list fund temporarili held notari stem chiefli inherit real estat transact set compani transfer goodwil initi articl procedur commiss basi inform submit complain french author state state decre august adopt list establish authoris collect deposit month includ caiss de dépôt consign cdc servic de chèque postaux caiss de crédit agricol municip inhabit state authoris caiss de crédit agricol receiv fund held notari municip inhabit fund deposit earn commiss paid notari commiss point initi procedur crédit agricol exchang access virtual free financi resourc fund eas financi burden farmer fac set agreement state crédit agricol septemb crédit agricol agre contribut frf million frf million frf million agreement public author crédit agricol reach renew contribut fac amount frf billion period fac financ caiss régional crédit agricol proport resourc obtain manag notari deposit fund grant interest subsidi young farmer fund loan financ debt write off facilit cessat farm crédit agricol full freedom manag fac fund criteria initi procedur commiss view reserv right grant crédit agricol collect notari deposit distort competit extent liabl affect trade member state gave crédit agricol advantag obtain market mobilis state resourc basi commiss consid measur question liabl larg proport state aid mean articl treati basi inform possess view aid identifi fresh aid mean treati procedur laid articl treati initi order examin measur argument complain afb csbp set notic initi proceed iii comment interest parti comment crédit agricol comment interest parti receiv commiss french author crédit agricol stress branch authoris collect notari deposit right grant exclus cdc servic de chèque postaux entitl deposit countri includ rural area point notari deposit regard state resourc constitut state aid articl refer public servic task notari statutori constraint attach scheme question point cost manag notari deposit amount total deposit refer ceil short term loan farmer subject februari consid impos exchang notari deposit refer set fac frf billion alloc set financ proport resourc provid notari deposit constitut counter concess deposit deni trade member state advers affect ground rural local natur clientel small amount involv account infinitesim proport total deposit franc crédit agricol point caiss régional entitl receiv notari deposit consid open procedur respect network form caiss cnca recipi aid stem notari deposit commiss commit legal factual error crédit agricol refer modest extent intern develop consid notari deposit financ intern develop cnca recipi notari deposit group region branch state monetari resourc includ notari deposit enter sole balanc sheet caiss régional surplus caiss régional includ notari deposit reinvest cnca market rate yield profit crédit agricol deni state waiver return notari deposit result loss earn scheme constitut aid state aid measur implement state oblig produc return jeopardis discretionari natur financi assist state principl administr act profit crédit agricol deni oblig commun law state deriv benefit right grant crédit agricol crédit agricol claim oblig attach scheme event chosen public author irrespect list financi establish elig notari deposit point judgment french council state march held arrang notari deposit compat articl articl treati incompat articl treati crédit agricol consid member bank afb offer compar guarante crédit agricol adopt regul afb februari provid notari deposit reimburs full afb bank fail crédit agricol consid commiss confus hypothet aid benefit aid point assess benefit deriv crédit agricol collect keep notari deposit commiss fail account quot natur quot market share held crédit agricol franc rural area scheme gener share depriv urban area crédit agricol calcul basi quot natur quot market share notari deposit event generalis scheme acquir deposit total frf billion basi total deposit frf billion extra amount collect reserv right total frf billion crédit agricol consid view audit oblig accompani hold notari deposit incompat object secur deposit collect establish locat abroad lastli crédit agricol consid assist agricultur form short term loan subsidi justifi ground public interest iv comment franc letter date april commiss french author comment number point rais commiss initi procedur origin right grant crédit agricol french author state letter april possibl grant crédit agricol collect notari deposit month establish law march limit deposit french author decis adopt decre gard de sceaux august supplement june effect impos restrict relat earlier situat limit right deposit month rural area respons commiss request septemb documentari evid right grant crédit agricol preced entri forc treati januari french author provid commiss copi decre gard de sceaux march state call quot unti quot fund notari deposit month transfer cdc basi earlier circular deposit establish includ caiss de crédit agricol copi chancelleri circular decemb show crédit agricol establish entitl collect notari deposit earli reason aim underli decis french state introduc maintain right collect notari deposit french author consid right question justifi ground specif profess notari effici supervis access bank servic notari countri area absolut safeti fund collect point notari engag public servic activ member profess point notari subject specif supervis judgment novemb french court cassat held notari account public document french author stress geograph locat crédit agricol rural area largest bank network franc account branch perman branch locat rural area thirdli author refer secur offer crédit agricol notari deposit base system unlimit prevent guarante base solidar region branch cnca group intern guarante made region branch default notari fund fulli guarante note commiss open procedur french author refer set fund eas financi burden farmer claim constitut quot counterpart quot exchang notari deposit crédit agricol contribut frf billion fund earn notari deposit addit frf million earn invest notari deposit nation fund agricultur disast deposit level french author provid summari notari deposit receiv crédit agricol show amount fluctuat frf billion frf billion calcul rate discount medium term econom cycl total deposit remain remark stabl period total frf billion averag cost manag notari deposit respons question commiss cost manag deposit french author state cost amount total amount broken relat cost manag deposit transact transact involv mean payment busi account ii extra cost relat characterist manag notari account addit cost relat specif transact relat exclus usual rule transact relat specif staff cost french author consid cost tend decreas long period ow gain product achiev crédit agricol activ higher past limit crédit agricol cost short term financ agricultur addit recent alloc fund fac author state letter april net financi return deposit manag crédit agricol start limit cost provid short term financ agricultur financ grant rate fix decre minist agricultur econom affair rate fix cnca margin fluctuat approxim monthli averag monei market rate author rule establish maximum short term rate abrog recent decre februari stress low rate context enjoi french economi subsequ reduc specif protect devic agricultur averag cost crédit agricol resourc repli request commiss initi procedur french author submit data show decad averag cost crédit agricol resourc fallen consist remain bracket utilis fac alloc letter commiss april french author provid number detail annual alloc fac author amount alloc fac utilis begin tabl amount alloc fac gt tabl gt french author state transact refer concern restructur debt crédit agricol farm custom part fac earmark specif action alloc nation agricultur disast guarante fund point fac prioriti agre year crédit agricol state felt public interest task agricultur attach scheme beneficiari fac crédit agricol farm custom crédit agricol justifi alloc ground crédit agricol held farmer bank debt point budgetari resourc purpos made bank benefit annual alloc frf million french author consid fac activ constitut substitut crédit agricol provis polici bad loan grant caiss régional crédit agricol benefit depend year fac alloc transact form waiver claim larger part alloc situat product sector set young farmer averag amount aid farmer frf modest french author social purpos gener comment notari deposit scheme french author deni notari deposit state resourc competit distort state commiss initi proceed challeng notion state resourc produc return ground administr act profit disput aid element attach notari deposit scheme consid scheme liabl affect trade member state french author consid notari deposit scheme set order safeguard rural area essenti public interest requir relat profess notari lastli french author refer decre french council state march pursuant rule govern notari deposit contrari articl treati futur notari deposit scheme letter april french author inform commiss notari deposit scheme revis summer caiss de dépôt consign futur manag notari deposit irrespect durat crédit agricol lose financi benefit deriv return notari deposit refer recit undertak french author letter april assess aid state aid content measur question aid recipi repli initi procedur crédit agricol consid commiss made factual legal error treat part crédit agricol group recipi crédit agricol commiss note crédit agricol specif characterist local level ow mutual statu crédit agricol branch appear enjoi administr autonomi econom entiti form coher crédit agricol report form unit decentralis group base structur level caiss local caiss régional caiss national financi capac assess report note ow common interest bind caiss régional caiss national crédit agricol produc financi statement reflect econom posit compar consolid account major bank group commiss interlocutor partner crédit agricol doubt crédit agricol legal econom structur defin enterpris consolid account show consolid balanc frf billion decemb basi aa rate crédit agricol standard amp poor aa rate moodi group rate financi institut determin term access financi market basic element format cost give advantag disadvantag relat competitor crédit agricol part procedur submit singl set observ sign director gener fédération national du crédit agricol deputi director gener cnca repli submit behalf crédit agricol cnca consid cover procedur commiss understand consid present observ jointli sever present fédération national du crédit agricol french author point reason crédit agricol regard elig notari deposit secur offer joint guarante provid caiss régional cnca basi forego classifi crédit agricol group enterpris commiss reason alter assess beneficiari right notari deposit crédit agricol group judgment european court justic intermil case question alloc group advantag gain notari deposit matter secondari import cover procedur state aid content fund collect notari french author point notari public ministeri offici profess strictli regul state french author refer court cassat judgment held notari account strictli regul public document conclud letter april bodi regul forc show fund deposit notari ordinari fund rule govern notari deposit assess sole pursuant rule govern bank assess light public interest consider clear inform present author procedur crédit agricol time consid elig receiv notari deposit basi formal act public author subject defin condit commiss confirm state initi procedur discretionari action state involv grant reserv right question crédit agricol resourc direct result state exercis direct control alloc resourc constitut mandatori deposit notari public offic subject public author conclud view forego notari deposit mobilis resourc constitut state resourc conclus upheld french author statement case law french court cassat notari account public document procedur french author factor consid constitut concess grant crédit agricol exchang return notari deposit cancel advantag gain virtual free notari deposit factor detract find scheme question mobilis state resourc advantag crédit agricol aid content measur question commiss state initi procedur quot concept aid cover posit measur grant public measur form reduc charg made firm budget ident effect grant quot commiss point time waiv return notari deposit commiss notari state waiv profit earn mechan question transact defin accord normal commerci condit state start obtain return deposit question impos price interest deposit regularli revis account interest rate gain product bank industri institut elig mechan question revis benefit competit bank establish order select competit condit satisfi minimum number prudenti requir order guarante secur deposit revenu form commiss interest levi state increas remuner addit bank resourc obtain crédit agricol reserv right grant state chargeabl bank budget resourc alloc crédit agricol competit basi invit bank tender crédit agricol remuner notari deposit simpli pai notari commiss amount collect prior initi procedur author justifi failur remuner ground ban french law interest bear loan month procedur french author explain view fact larg proport estim author letter april notari deposit held crédit agricol month deposit month crédit agricol transfer caiss de dépôt consign remuner grant right collect notari deposit virtual free term derog normal market condit appli collect resourc repli question put commiss averag cost crédit agricol resourc french author state cost inter alia averag cost crédit agricol resourc includ remuner resourc long term loan free resourc custom deposit order determin aid relat loan reduct charg born crédit agricol relat normal market condit reason base averag cost margin cost end note short term interest rate franc doubt grant crédit agricol virtual free resourc commiss notari reduc cost charg bank oper account equival effect subsidi conclud measur question constitut state aid specif oper aid reduc normal oper charg incur bank distort effect aid oper aid distort effect direct impact result assist firm enabl maintain higher oper cost competitor penalis lack competit achiev higher profit increas financi capac distort greater aid perman competit strong margin competitor narrow data show competit bank increas profit margin steadili erod french bank vulner posit recent year profit lowest commun tabl improv recent vigor competit squeez interest margin profit oper aid grant credit institut distort effect recent trend continu year european central bank complet econom monetari union creat competit environ put greater pressur bank profit speed integr sector european level form cross frontier transact tabl return equiti net incom percentag equiti gt tabl gt crédit agricol viabl undertak achiev major profit recent year aid question offset equival addit cost essenti profit allow increas profit accumul addit equiti distribut profit bank solvenc requir introduc council direct eec decemb solvenc ratio credit institut quot hard quot core fund fix minimum weight asset fund broad sens repres minimum asset introduc oblig limit growth capac credit institut practic constraint capitalis exist medium long term form enterpris bank sector perman directli quantifi prudenti reason temporarili waiv part credit establish growth strategi credit institut narrowli satisfi solvenc requir margin growth attract capit increas equiti achiev signific profit level ineffect institut growth subject direct constraint growth margin bank signific profit relat profit basi solvenc constraint produc indic convent estim distort competit caus aid credit institut aid direct indirect effect increas equiti distort competit assess term weight asset oper aid frf billion produc increas profit tax frf billion assum profit distribut increas bank equiti increas weight asset balanc sheet take account statutori solvenc requir level activ transact result potenti distort competit measur term weight asset frf billion frf billion aid bank unabl increas weight asset ratio show consider leverag effect aid financi sector equiti assist institut acquir minor major hold busi chairman crédit agricol interview financi newspap state februari frf billion crédit agricol earmark oper conclud aid grant crédit agricol franc constitut oper aid take account econom situat bank sector europ low level profit achiev french bank solvenc requir bank aid distort competit financi sector effect trade member state commiss note argument french author crédit agricol reject conclus scheme affect commun trade point account commiss investig effect aid regard crédit agricol group intern european activ examin annual report bank posit lead bank major intern custom custom transact member state exclud franc account frf billion small proport total custom transact involv signific sum view size group end largest french bank group lead group europ bank point creation subsidiari indocam provid instrument target lead asset manag compani europ crédit agricol pursu activ develop polici europ plai activ part set largest italian bank banca intesa form merger banco ambrosiano veneto cariplo crédit agricol largest sharehold hold banco espirito santo group portug branch lisbon madrid bilbao gibraltar barcelona luxembourg london hamburg frankfurt stockholm oslo helsinki piraeu group note report close watch opportun aris order strengthen posit european market retail bank solid basi resourc achiev develop intern expans sort call capit movement acquir stake institut banca intesa banco espirito santo affect trade member state group merchant bank indosuez largest french merchant bank signific proport busi conduct abroad assess effect measur limit group region entiti crédit agricol suggest comment intern transact carri sole cnca crédit agricol group contrari claim made comment report state intern activ frontier caiss regional develop report refer develop caiss régional de pyréné gascogn spanish basqu countri result bankoa major own crédit agricol part consolid group note initi form part cross border develop caiss regional expand retail bank activ agreement cnca adjac countri develop concern market corpor bank activ crédit agricol retail bank activ includ notari deposit clear addit resourc profit gener obtain notari deposit help directli financ develop crédit agricol member state addit potenti impact right grant crédit agricol limit effect bank expans franc member state commiss state initi procedur theori frontier princip activ credit institut collect deposit obtain loan market grant loan encount obstacl expans abroad frequent due protect barrier competit erect nation bank make attract foreign competitor access market case regard aid crédit agricol liabl make french domest market open foreign competit nation level cnca region level caiss effect strongli compartmentalis bank deposit activ run counter open market intend treati time cross border transact expand bank sector note european central bank result closer integr nation bank system depend abolit differ tax regulatori system member state conclud measur question caught articl treati constitut state aid distort competit extent liabl affect intra commun trade vi conclus virtual free collect free notari deposit grant crédit agricol french state measur state aid articl treati view fact basi fresh inform receiv commiss procedur aid question exist prior entri forc treati conclud aid question law recov commiss exist state aid compat treati conclud aid compat gener interest propos member state measur provid articl treati aid consid incompat common market letter date april french author formal inform commiss intent put end right grant crédit agricol respect notari deposit centralis deposit caiss de dépôt consign futur respons keep notari deposit treasuri respons collect deposit rural urban area author state measur effect januari gradual introduc countri complet april author undertook regulatori step amend notari deposit scheme adopt decis commiss note undertak french author consid period propos reason right grant crédit agricol collect notari deposit abolish complet perman conclud measur end aid crédit agricol respect procedur initi articl treati basi undertak assess compat aid treati initi proceed articl ec treati commiss termin procedur adopt decis articl measur franc grant crédit agricol collect notari deposit rural municip constitut state aid mean articl treati measur refer paragraph constitut aid exist prior entri forc treati franc undertaken abolish aid measur april latest procedur termin articl franc inform commiss month date notif decis measur abolish april right grant crédit agricol collect notari deposit articl decis address french republ brussel juli commiss karel van miert member commiss oj moodi rate except municip inhabit form part area inhabit municip area rural renew hill farm area form part area inhabit commiss consist annual interest rate appli pro rata tempori amount deposit averag amount frf billion year give rise commiss payment notari frf million footnot busi secret busi secret ecr paragraph case banco exterior de espana ecr paragraph month nomin rate sourc ec econom data pocket book european commiss offic offici public european commun european central bank quot effect emu eu bank system medium long term quot februari base oecd data ibid page european central bank monthli bulletin april quot bank euro area structur featur trend quot oj assum sake simplic level tax interview publish quot le echo quot februari list drawn rate agenc moodi quot quot le mond quot newspap januari crédit agricol largest european bank group term asset end footnot commiss paid notari amount collect