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Credit Agricole Group results in the first quarter of 2017: net income up sharply and strong commercial momentum in all business lines

15 May 2017

Crédit Agricole Group reported net income Group share of €1,600 million for the first quarter of 2017. Its underlying* net income Group share came to €1,654 million, an increase of more than 33% compared with the first quarter of 2016.

Crédit Agricole S.A. reported net income Group share of €845 million and underlying net income Group share of €895 million, a year-on-year increase of 2.3 times.

Revenue growth was driven by strong business momentum in all Crédit Agricole S.A.'s business lines and distribution networks, as well as the Regional Banks which distribute their products.

The Group's fully-loaded Common Equity Tier 1 ratio was stable at 14.5%, among the best in its sector, while Crédit Agricole S.A.'s was down slightly to 11.9% (before the acquisition of Pioneer Investments), both well above the regulatory minimum.

More details about Credit Agricole Group results, please read on the Group’s official web site.

About Credit Agricole:

PJSC «CREDIT AGRICOLE BANK» is a modern universal bank owned by the leading financial group in Europe – Credit Agricole Group (France). The Group is a major partner of the French economy and one of the largest banking groups in Europe. It is a leading retail bank in Europe, having the largest portfolio of assets under management, being first in the field of bank insurance and third - in project financing in Europe. Credit Agricole has been operating in the financial market of Ukraine since 1993 and renders the entire range of banking services to private individuals, including VIP clients, and business. The Bank pays special attention to cooperation with agricultural enterprises. Reliability and business reputation of CREDIT AGRICOLE in Ukraine is confirmed by the highest possible FITCH ratings, leading positions in bank sustainability, bank deposit reliability and bank profitability rankings, as well as by 460 000 private and 26 000 corporate customers, including representatives of small and medium business, large Ukrainian companies and international corporations. 

Contacts:

Viktoriia Torianyk, Head of PR and corporate communications Credit Agricole Bank. 

Phone: +38 044 581 07 45, e-mail: Viktoriia.Torianyk@credit-agricole.ua


 

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