Crédit Agricole SA (CA SA) posted a net profit of EUR 763 million in the first quarter, while the net income reached EUR 4.9 billion.

The profit recorded in the first three months of the year is down by 10.9% over the same period in 2018, due to accounting adjustments. However, net revenues declined by only 1.1%.

Despite a EURIBOR in the negative area, Crédit Agricole SA managed to increase profits on the retail in France and Italy.

For the whole group, Crédit Agricole posted a net profit of 1.35 billion euros, with revenues of 8.2 billion euros.

The Crédit Agricole Corporate & Investment Bank (CACIB), the investment division of Crédit Agricole, was not affected by market’s volatility in this period, and managed to make a profit of 194 million euros, up 5.2 percent.

You can find more details about the Group’s results in the first quarter on the official website www.credit-agricole.com.

A whole bank just for you

Thanks to its universal customer-focused banking model – based on close cooperation between its retail banks and its specialised business lines – reaffirmed by its new “A whole bank just for you” brand signature, Crédit Agricole helps its customers to realise all their personal and business projects. It does so by offering them an extensive range of services consisting of day-to-day banking, loans, savings products, insurance, asset management, real estate, leasing and factoring, corporate and investment banking, issuer and investor services.

Serving 51 million customers[1] worldwide, it also stands out on account of its distribution model, multi-channel customer-focused banking, and the efforts of its 141,000 employees, who make Crédit Agricole the Customer Relationship-based bank.

Built on its strong cooperative and mutual foundations and led by its 9.3 million members and almost 31,000 directors of its Local and Regional Banks, Crédit Agricole’s organisational model gives it stability and staying power. It also draws its strength from its values of transparency, customer focus, accountability and openness to the world and from local communities, which it has cultivated over 120 years.

Crédit Agricole’s corporate social responsibility policy lies at the heart of its identity as a helpful and responsive bank over the long term. It is reflected in its products and services and informs the actions of all its business lines. It is a key factor contributing to overall performance and a powerful innovation driver.

Crédit Agricole Group extends its leadership year after year. It is the number one provider of financing to the French economy[2] and the number one insurer in France[3]. It is also the first bancassurer in Europe[4], the first European asset manager[5] and the world’s second-largest provider of green financing[6].

 

  • A presence in 47 countries
  • 51 million customers worldwide
  • 141,000 employees in France and abroad
  • 1 bancassurer in Europe
  • 1 European asset manager
  • The world’s second-largest provider of green financing

Among the European Top 3 in Consumer Credit

[1] Scope of French and international retail banking, Crédit Agricole Consumer Finance and Crédit Agricole Bank Polska consumer finance customers.

[2] Based on the value of outstanding deposits and loans as of 31/12/2016. Source: Bank, French retail banking.

[3] In terms of premium income. Source: l’Argus de l’assurance published on the 16 December 2016 and La Tribune de l’assurance published on the 16 November 2016.

[4] In terms of premium income. Source: l’Argus de l’assurance published on the 16 December 2016, data at end-2015.

[5] N°1 of all management companies who have their main Office in Europe – Source: IPE “Top 400 Asset managers” published in June 2016, based on assets under management at December 2015.

[6] Source: Bank.