Crédit Agricole: Q3 net income up 23%

(CercleFinance.com) - Crédit Agricole SA has reported underlying Q3 2023 net income (group share) that is up 23% up E1.
52bn and a 20.6% increase in gross operating income to E2.68bn.

Underlying revenues rose by 13.4% to E6.06bn, driven by growth in all business lines, particularly Specialised Financial Services (+26.2%) and International Retail Banking (+24.1%).

At 30 September 2023, risk indicators confirm the quality of Crédit Agricole SA's assets and the level of coverage of its risks, the banking group said, claiming that the bad debt ratio remains low at 2.7% (+0.1 point).


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