Crédit Agricole S.A. 2009 Annual results

Crédit Agricole S.A.'s board of directors, chaired by René Carron, met on 24 February 2009 to review the results and approve the accounts for the year ended 31 December 2009. Net income, Group share was €1,125 million in 2009, including €433 million in the fourth quarter.

In the extremely difficult economic and financial climate that has prevailed over the past two years, Crédit Agricole S.A., underpinned by sound fundamentals, repositioned all business lines and injected new momentum into the Group to make 2009 a year of recovery. [...]

 At the Annual General Meeting on 19 May 2010, the Board of Directors will propose that the shareholders approve a dividend of €0.45 per share. Two options for dividend payment will be offered:

•  full payment in cash; or
•  full payment in shares. [...]

 After the Board of Directors' meeting, René Carron, Chairman of Crédit Agricole S.A.'s Board of Directors, commented: "Our 2009 results are good. They reflect solid growth momentum across the entire Crédit Agricole Group. They are underpinned by the strength of our retail banking operations and bear the first fruit of the restructurings we initiated nearly two years ago. Our proudest accomplishment is that we continued to support our customers as the leading provider of financing to the French economy".

Georges Pauget, Chief Executive Officer of Crédit Agricole S.A., commented: "These are solid, high-quality results. They reflect the viability of our strategy and the substantial efforts deployed by all our employees. They show that Credit Agricole is once again poised to achieve results that are consistent with its stature and its ambitions."