Crédit Agricole: record net income since bank listed

(CercleFinance.com) - Crédit Agricole SA has published Q2 underlying net income, group share of 1,418 million euros, up 19.
6% y-o-y, reaching its higher level since the banking group has been listed.

The group said that this very high result was obtained thanks to a strong level of business, quality margins and controlled risk in all businesses, with particularly strong performance in corporate banking/large clients.

All CASA divisions contributed to growth, as did the Corporate Centre, while there was a particularly high level of profitability in CIB. Finally, there was an excellent control of underlying costs, excluding SRF4.

Again in underlying terms, net banking income rose by 11.4% to 5,146 millions euros and with excellent cost control, EBITDA (excluding SRF4) rose by 17.5% to 2,162 million euros (+14.9% like-for-like).



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