Crédit Agricole Group reported €9.1 billion net income in 2021

The Crédit Agricole Group reported a net income Group share of €9.1 billion for 2021 – up +94.1% compared to 2020 – and €2.4 billion for the fourth quarter. The underlying net income Group share reached €8.5 billion in 2021 (+38.9% year on year) and €2.3 billion in the fourth quarter. The reported net income Group share for Crédit Agricole S.A. was €5.8 billion for 2021 – up 2.2-fold compared to 2020 – and €1.4 billion for the fourth quarter. The underlying net income Group share for Crédit Agricole S.A. was €5.4 billion for the year and €1.4 billion for the last quarter of 2021.

The very strong results for 2021 reflect the success of the collective mobilization to protect the economy from the consequences of the health crisis. With a notable 1.7 million new retail banking clients, there is strong business momentum in all business lines, reflecting the strength of Crédit Agricole’s universal retail banking model. This year, the Group has built upon its model, both through organic and extern growth.

The financial targets in the Crédit Agricole S.A. 2022 Medium-Term Plan were met in 2021, one year ahead of schedule. They were even exceeded, with the unwinding of 100% of the switch mechanism this year, allowing for the simplification of the capital structure of Crédit Agricole S.A. The Group’s financial robustness and the profitability of Crédit Agricole S.A. rank it among the leaders in the sector in Europe. A €1.05 per share dividend will be proposed for the year 2021. Given our mutualist and cooperative model, almost 80% of our net income at Group level will be retained and reinvested in the economy.

Furthermore, in the face of society’s challenges, the Crédit Agricole Group has announced ten ambitious commitments, at the heart of all its business, centered around three priority areas: climate; social cohesion and inclusion; and agrifood and agriculture transitions.

The Group stands by its long-term commitments and will present its new development plan focused on accelerating transition on 22 June.

Learn more following the link https://www.credit-agricole.com/en/finance/finance/financial-publications

About Credit Agricole:

Credit Agricole Bank is the oldest foreign bank in Ukraine; it has been operating in the market since 1993 and provides the entire range of banking services, is strategic partner to agribusiness and one of the leaders in the car loan market. The bank belongs to the international Credit Agricole Group (France), the European leader in bancassurance and asset management and a major partner of the French economy.

Credit Agricole among TOP-5 most reliable and most comfortable banks of Ukraine and is recognized as the best corporate and best savings bank according to “Finance club” in 2021. More than 296,000 active individual customers and microbusinesses, and more than 9,700 corporate and small and medium-sized businesses confirm the reliability and excellent business reputation of the bank. According to the NBU, Credit Agricole is among the TOP-10 banks in terms of assets.

For more than ten years, Credit Agricole has been a strategic partner to agribusiness. The share of the agricultural sector in the bank’s corporate portfolio exceeds 50%, and the land bank of all customers’ accounts for nearly 10% of the total land bank of Ukraine.

Credit Agricole is the first automotive bank and the only Ukrainian bank that holds the international ISO 9001 certificate in car lending, which ensures transparent conditions and high service quality to customers.

Credit Agricole is 100% digital and 100% human. The bank is developing remote service channels, such as mobile application СА+, while modernizing its branch network. 

The bank also promotes the culture of a fair and transparent business, makes a significant contribution to society and preservation of the environment. Since 2016, the bank has been running a wide-scale Corporate Social Responsibility program «We Care!», which covers 4 major areas such as: charity, eco initiatives, volunteering, and caring for employees. Credit Agricole is among TOP-6 leaders of sustainable development and among TOP-50 best employers in Ukraine according to Forbes.

Contacts:

Viktoriia Torianyk, Head of the brand and communications department of Credit Agricole Bank.

E-mail: Viktoriia.TORIANYK@credit-agricole.ua