Results for the second quarter and first half of 2014

Strong Q2-14 earnings excluding specific items

Crédit Agricole Group: €1,694m

Crédit Agricole S.A.: €1,003m

• CET1 ratio further strengthened
• Good business momentum
• Continued decrease in the cost of risk

Results affected by the situation at BES

Crédit Agricole Group*

Fully-loaded Basel 3 CET1 ratio at 30 June 2014: 12.3% (11.7% at end March 2014)
Net income Group share Q2-14: 705 million euros (vs €1,385m in Q2-13)
Net income Group share H1-14: 2,125 million euros (vs €2,410m in H1-13)
* Crédit Agricole S.A. and 100% of the Regional Banks

Crédit Agricole S.A.

Fully-loaded Basel 3 CET1 ratio at 30 June 2014: 9.9% (9.0% at end-March 2014)
Adjusted net income Group share Q2-14: 1,003 million euros
Impact of specific items**: -278 million euros
Impact of BES: -708 million euros
Net income Group share Q2-14: 17 million euros
Net income Group share H1-14: 885 million euros (vs €1,167m in H1-13)
Business line revenues up 2.1% Q2/Q2
Operating expenses stable
Cost of risk down 19.6% Q2/Q2
** CVA, DVA, FVA, issuer spread and loan hedges

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