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<\/p>\n\u00a0These advances were used to finance loans to farmers. However, with the launch of five-year notes in the 1940s and the regular issue of notes by the Caisse Nationale, Cr\u00e9dit Agricole was able to fund itself by drawing on French people\u2019s savings. In 1963, Cr\u00e9dit Agricole became financially independent and no longer called on government financing.<\/p>\n
Over the course of this decade, Cr\u00e9dit Agricole changed profoundly. With a growing network and employees gaining expertise in the bank\u2019s businesses, it was on the front line in financing the modernisation of farming. The possibility of granting housing loans to all people in rural areas also made it a key player in local areas and in the fight against rural depopulation.<\/p>\n
The 1960s were also important for the diversification of Cr\u00e9dit Agricole\u2019s activities. With the aim of meeting the needs of all players in the agri-food sector, it created its first subsidiaries to acquire stakes in various companies (Sofid\u00e9ca in 1962, Union d\u2019\u00e9tudes et d\u2019investissements in 1967). These new companies served as the basis for its corporate and investment banking business.<\/p>\n
In 1969, Cr\u00e9dit Agricole entered the equipment and real estate leasing market with the creation of subsidiaries Unimat and Unicomi to meet the equipment needs of professional farmers<\/p>\n
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With the aim of meeting the needs of\u00a0
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the various players in the\u00a0
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agri-food sector, Cr\u00e9dit Agricole\u00a0
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created its first subsidiaries to\u00a0
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acquire stakes in various companies\u00a0
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(Sofid\u00e9ca in 1962, Union d\u2019\u00e9tudes et\u00a0
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d\u2019investissements in 1967).
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