Credit Agricole Group financial results for the second quarter and first half of 2025

The Group published high-level revenues and income demonstrating growth.

Quarterly revenues reached record levels of €9.8 billion for Crédit Agricole Group (+3.2%) and €7 billion for Crédit Agricole S.A. (+3.1%). This continues the steady upward trend that has seen an average of +5.1% growth every year since 2017.

For the half year, the Group’s revenues stood at €19.9 billion (+4.3%) and Crédit Agricole S.A.’s revenues were €14.3 billion (+4.9%).

Strong activity in all business lines

Commercial activity remained very strong. During this quarter, retail banks added 493,000 new customers, in France and internationally.

Loan outstandings in retail banking in France and Italy came to €885 billion, up +1.4% year on year.

The equipment rate for property and casualty insurance continued to improve and at the end of June stood at 44.2% for the Regional Banks (+0.7 pp compared with June 2024), 28.4% for LCL (+0.6 pp) and 20.6% for CA Italia (+0.9 pp). Net inflows in savings/retirement reached record highs, bringing outstanding amounts to €359.4 billion (+6.4% year on year).

Total assets under management (wealth management, life insurance and asset management) came to a record €2,905 billion, up +5.2% year on year.

At CAPFM, credit production has increased, driven by traditional consumer finance.

Continuation of strategic operations

This quarter was characterised by a steady stream of strategic operations in the business lines that strengthened their leadership positions in their respective markets. Notable examples of this were CACEIS, which completed the consolidation of CACEIS IS (formerly RBC IS) European entities, and which is now wholly owned by Crédit Agricole S.A., and Indosuez Wealth Management, which welcomed the Degroof Petercam teams.

This quarter also saw a number of new operations. These included Amundi’s partnership with Victory Capital in the United States and Crédit Agricole S.A. increasing its stake in Banco BPM in Italy to 19.8%.

Crédit Agricole Leasing & Factoring also finalised the acquisition of the German group Merca Leasing.

Crédit Agricole Santé & Territoires strengthened its position in the ageing well market with its acquisition of Petits-fils, the leading provider of at-home services for seniors in France.

Crédit Agricole Transitions & Énergies became the majority shareholder of Comwatt, a specialist in energy optimisation.

A number of other plans took shape too. For wealth management, this was seen in Indosuez Wealth Management’s plans to acquire Banque Thaler in Switzerland and intent to acquire the Wealth Management clients of the BNP Paribas Group in Monaco. The signing of a partnership agreement with the Crelan group in Belgium and the prospective joint acquisition of the Milleis group by LCL and Crédit Agricole Assurances were other key developments this quarter.

A controlled management Framework

As at 30 June, the Group continued to benefit from a very strong capital and liquidity positions. The Group’s solvency was among the best in Europe for the sector, with a phased-in Common Equity Tier 1 (CET1) ratio of 17.6%, i.e. 7.7 percentage points above regulatory requirements.

Liquidity reserves totalled €471 billion.

The cost/income ratio for Crédit Agricole S.A. stood at 53.9% for the half year.

With €823 billion in loan outstandings in retail banking in France at 30 June and €500 billion in home loan outstandings, Crédit Agricole has confirmed its position as the number one provider of financing to the French economy.

It also maintained its commitment to the energy transition (€111 billion in environmental transition financing as at 31 March 2025) and helped uphold European sovereignty by being a partner to the defence and aeronautics industries (investment of €11.3 billion by Amundi and Crédit Agricole Assurances).

High level of income

These very good revenues, which are the result of strong growth momentum within a controlled management framework, have allowed us to post a high level of income.

The quarterly net income of Crédit Agricole Group was €2.6 billion, up +14.8%*, and that of Crédit Agricole S.A. rose by 14.1%* to €2.4 billion.

For the half year, net income was €4.8 billion for the Group (+8.9%) and €4.2 billion (+12.9%) for Crédit Agricole S.A.

These income levels benefit our customers and society and lay a solid foundation for the launch of our Medium-term plan, which will be unveiled on 18 November 2025.

More information is here https://pressroom.credit-agricole.com/news/financial-results-for-the-second-quarter-and-first-half-of-2025-59fbb-94727.html

* Growth in net income restated for the impact of the capital gain linked to the deconsolidation of Amundi US.