Crédit Agricole CIB supports the fight against poverty in China

Crédit Agricole CIB has been active in China for more than 100 years, and is one of the longest-established foreign banks in the country. It was among the first banks authorised to process transactions in Yuan. It has participated in many infrastructure, financing and investment projects in China and works on strengthening its relationships with its local partners.
True to the values of the Crédit Agricole Group, which began life as a cooperative institution making agricultural loans in 1894, Crédit Agricole CIB is seeking to develop long-term relationships with its clients and to advance solutions that serve the interests of the whole society. On November 13, 2007, Crédit Agricole CIB Fixed Income Markets Asia invested in a three-year partnership with Heifer International to help many households in the Yunnan Tengchong region. This programme has successfully lifted around 330 families out of poverty and significantly improved the local community’s environmental and ecological awareness. By the end of 2011, around 500 families will benefit from” Passing on the Gift”.
In 2010, Crédit Agricole CIB extended its partnership with Heifer to Sichuan Province. This second partnership supports two projects, namely Sichuan Yilong Mountainous Community Environmentally Friendly Development Project and Sichuan Earthquake Rehabilitation Project.
The first one aims at helping impoverished farmers become self-reliant and preserving the environment in Dengbao Village, Caijiaping Village and Mengziliang Village, Yilong County, Sichuan. Crédit Agricole CIB’s fund will support 232 original families passing on their animals’ offspring to another 381 families within four years. In total 613 families will eventually benefit from Crédit Agricole CIB’s donation.
For the second project, Crédit Agricole CIB’s contribution will support families affected by a deadly earthquake in Sichuan in May 2008, aiming to help 136 families in total in the next four years.