"These discussions fit with Credit Agricole's strategic goals in Italy," the Paris-based bank said in a statement, adding that the acquisitions would expand its customer base by a combined 20 percent if completed.

The project is in its "very early stages", Credit Agricole said, with completion contingent on a positive outcome of due diligence and regulatory approvals.

(Reporting by Laurence Frost; Editing by GV De Clercq)