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  • 2012/05/11
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First quarter of 2012: Accelerated implementation of adjustment plan. Business resilient

Implementation of adjustment plan ahead of schedule
70% of liquidity requirement targets achieved
91% of risk-weighted asset reduction targets achieved at end-April

Crédit Agricole confirms its position as leading financier to the French economy
Loans up 4.1% YoY in Q1, deposits up 8.1% YoY in Q1    (Regional Banks and LCL)

Crédit Agricole Group* in Q1-2012

Revenues: €9.1bn, up 1.3% YoY in Q1, down 2.7% excluding impact of specific items**
Pre-tax income: €1,817m, down 30.5% YoY in Q1
*Crédit Agricole S.A. and 100% of the Regional Banks     

Crédit Agricole S.A. in Q1-2012
Revenues: €5.4bn, up 2.3%
Pre-tax income: €858m
Hybrid securities buyback and realised losses on disposals: +€466m*
Cost of Greece (PSI and Emporiki): -€940m*
Cost of adjustment plan: -€224m*
Net income Group share: €252m

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