The Crédit Agricole Group reported this morning net income Group share of 1.9 billion euros in Q2 2016. Underlying net income Group share came to 1.6 billion euros, stable compared with its second-quarter 2015 level. The Regional Banks continued to display healthy commercial momentum. Crédit Agricole S.A. reported net income Group share of 1.16 billion euros and underlying net income Group share of 818 million euros, an increase of 13%. These healthy second-quarter results reflect the commercial momentum across all the business lines, a still cautious risk profile and the strength of our business model, despite the low interest-rate environment. From a solvency perspective, the fully-loaded Basel III Common Equity Tier 1 (CET1) ratio stood at 14.2% for the Group and 11.2% for Crédit Agricole S.A. Eurêka, the project to streamline the Group’s corporate structure, has now been completed. Its financial impact will crystallise in the third quarter of 2016. The stress tests conducted by the European Banking Authority confirm that the Group is in a strong financial position.
About the Bank:
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 442 000 private and 35 000 corporate customers, including representatives of small and medium business, large Ukrainian companies and international corporations.
Viktoriia Torianyk, Head of PR and corporate communications Credit Agricole Bank
Phone: +38 044 581 07 45, email: Viktoriia.Torianyk@credit-agricole.ua