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#EconomyChina: confidence, price war and credibility are the watchwords in this early part of the year
2024/03/26
- 2015/05/06
- 3 min
- 0
First quarter 2015 results
Good results driven by buoyant activity and favourable market conditions
- Buoyant activity in all business lines
- Costs controlled on a like-for-like regulatory basis
- Further decrease in cost of risk
- Robust financial structure confirmed
Crédit Agricole Group*
Revenues: 8,035 million euros (+3.1% / Q1-14)
Income before tax: 2,131 million euros (+8.0% / Q1-14)
Net income Group share: 1,228 million euros (-1.9% / Q1-14)
including -€222m for SRF and -€194m for IFRIC 21 impact
Fully-loaded CET 1 ratio: 13.0% (+130 bp / Q1-14)
* Crédit Agricole S.A. and Regional Banks at 100%
Crédit Agricole S.A.
Revenues: 4,359 million euros (+7.5% / Q1-14)
Gross operating income: 1,206 million euros (+4.4% / Q1-14)
Cost of risk: -477 million euros (-19.2% / Q1-14)
Net income Group share: 784 million euros (+2.6% / Q1-14)
including -€182m for SRF and -€130m for IFRIC 21 impact
Fully-loaded CET 1 ratio: 10.2% (+120 bp / Q1-14)