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Results up sharply and financial robustness strengthened

09 November 2016

On 8 November 2016 Crédit Agricole Group reported net income Group share of €4.2 billion for the first nine months of 2016 and €1.4 billion for the third quarter. Underlying net income Group share came to €1.8 billion for the third quarter, up compared with the same period of 2015. The Regional Banks delivered a continued high level of net income Group share at €777 million for the third quarter.

Crédit Agricole S.A. reported net income Group share of €3.2 billion for the first nine months of 2016 and €1.86 billion for the third quarter. Underlying net income Group share came to more than €1 billion, up sharply by 27% compared with the third quarter of 2015. Growth was driven by a good commercial performance in all business lines.

Financial robustness was further strengthened, with a fully-loaded Common Equity Tier 1 ratio of 14.4% for the Group and 12.0% for Crédit Agricole S.A. after deduction of the entire recommended dividend for 2016.

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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