Montrouge, 22 May 2024 GENERAL SHAREHOLDERS' MEETING OF CRÉDIT AGRICOLE S.A. A Crédit Agricole S.A. General Shareholders' Meeting was held on Wednesday 22 May 2024 in Orléans, attended by Chairman Dominique Lefebvre and Chief Executive Officer Philippe Brassac. More than 900 people attended the Meeting either in person or remotely. With quorum of 77.58%, the General Shareholders' Meeting approved all of the resolutions put to it by the Board of Directors. All resolutions approved obtained a scor
Credit Agricole SA, France's second-biggest listed bank, posted a forecast-beating 55% jump in first-quarter net profit on Friday, helped by corporate and investment banking sales that outperformed rivals. Net profit in the January to March period rose to 1.9 billion euros ($2.04 billion), above the 1.48 billion-euro average of 19 analyst estimates compiled by the company. Despite the overall rise in revenues, Credit Agricole said its retail sales in France grew by just 1.8% while its net interest margin, or the difference between what a bank earns on loans and pays out for deposits, was stable.
THE GROUP CONTINUES TO GROW CASA AND CAG STATED AND UNDERLYING DATA Q1-2024 CRÉDIT AGRICOLE S.A. CRÉDIT AGRICOLE GROUP Stated Underlying Stated Underlying Revenues €6,806m+11.2% Q1/Q1 €6,797m+10.5% Q1/Q1 €9,525m+6.7% Q1/Q1 €9,475m+5.8% Q1/Q1 Expenses -€3,669m-4.5% Q1/Q1 -€3,649m-5.0% Q1/Q1 -€5,589m-5.4% Q1/Q1 -€5,569m-5.8% Q1/Q1 Gross Operating Income €3,137m+37.6% Q1/Q1 €3,148m+36.1% Q1/Q1 €3,936m+30.4% Q1/Q1 €3,906m+28.1% Q1/Q1 Cost of risk -€400m+6.9% Q1/Q1 -€380m+1.6% Q1/Q1 -€651m-18.9% Q1/Q