* Targets revenue of over 25 billion euros by 2014
* Net profit targets below expectations -analyst
* To hit Basel III Tier 1 ratio of over 8.75 percent
* ROE target of 10-12 percent
* Shares fall, underperforming sector
(Adds analyst, chairman comments, shares, details by division)
By Lionel Laurent
PARIS, March 17 (Reuters) - French bank Credit Agricole's new plan to grow net profit more than fivefold by 2014 disappointed hopes on Thursday for an announcement on possible asset sales, with some analysts calling the targets unambitious.
New Chief Executive Jean-Paul Chifflet unveiled a new target of 6 to 7 billion euros in net profit by 2014 as the bank shifts its focus back from investment banking onto its retail business.
But shares in France's third-biggest listed bank were down 2 percent at 11.06 euros by 0929 GMT, underperforming the sector, as some analysts questioned the targets as well as the lack of guidance on possible asset sales.
"The targets are below our forecasts," Natixis analyst Alex Koagne said, citing the broker's forecast for net profits of 7 billion euros.
Analysts on average already expected the bank to be making 6 billion euros of net profit in 2013 and 6.35 billion the year after, according to Thomson Reuters I/B/E/S Estimates.
Last year the bank made a net profit of 1.26 billion euros after a hefty write-down of 1.25 billion euros on its stake in Italy's Intesa Sanpaolo and is now seeking to return to its local roots after the financial crisis cut short an ambitious push into investment and international retail banking.
Several analysts had hoped on Thursday to hear something from management about a possible sale of Credit Agricole's stakes in Spain's BankInter and Portugal's Banco Espirito Santo , but Chifflet said there was "no change" to be expected in either holding for now.
Responding to the market reaction, Chairman Jean-Marie Sander told Reuters on the sidelines of the investor presentation, "This plan does not include possible asset sales ... We are not under pressure. We have huge room to maneouvre."
Credit Agricole has also been "harassed", with bankers proposing alternative buyers for the group's brokerage brands Cheuvreux and CLSA, Sander told Reuters. He reiterated there was no pressure to sell any assets.
RETAIL GROWTH
Under the plan Credit Agricole aims to boost profits from its retail operations by more than 400 percent whereas corporate and investment banking (CIB) will see profits only tick up.
Recession-wracked Greek unit Emporiki -- due to return to profit in 2012 -- and other international operations will post the strongest revenue growth through 2014 out of all divisions with an annual growth rate of 10 to 12 percent.
Profits at the corporate and investment bank (CIB) division are expected to only rise to 1.8 billion euros from around 1.5 billion in 2010, excluding the impact of toxic assets kept in a separate portfolio, as it puts a cap on expansion.
The group sees its level of assets in CIB staying "more or less stable" through 2014 and expects the group to have a Tier 1 capital adequacy ratio of over 8.75 percent without a capital increase under the new Basel III rules.
Group return on equity will in 2014 be between 10 and 12 percent, the bank said, also helped by fresh cost-cutting at the investment bank. The group did not release an ROE figure for 2010 but it is seen as less profitable than bigger rivals BNP Paribas and Societe Generale. ($1=.7171 euros) (Editing by James Regan, Greg Mahlich)