by Amruth Sundarkumar | Aug 5, 2022 | Banks, Global
French Bank, Credit Agricole reported a 3.6% YoY fall in group net income to €2.9bn ($3bn) on revenues of €10.1bn ($10.3bn), up 8.8% YoY. The group’s arm Credit Agricole S.A. also posted an 8.8% revenue growth to €6.3bn ($6.3bn). Segment-wise, revenues in home loans...
by Amruth Sundarkumar | May 6, 2022 | Banks
Societe Generale (SocGen) reported an underlying group net income of €1.6bn ($1.7mn) on revenues of €7.3bn ($7.7bn), up 16.6% YoY. It said that all businesses witnessed “good momentum”. Its French Retail Banking revenues were up 6.4% YoY, International...
by Amruth Sundarkumar | Apr 8, 2022 | Banks, Financial News
France-based Crédit Agricole acquired a 9.18% stake in Italian bank Banco BPM. Crédit Agricole expects to expand the scope of strategic partnerships with Banco BPM. In a statement, the bank said “The transaction highlights its very positive appreciation of Banco BPM’s...
by Megha Malhotra | Feb 11, 2022 | Financial News
Credit Agricole Group reported a 4.4x rise in its Q4 net income to €2.35bn ($2.7bn) vs. €530mn ($604mn) a year ago. This was helped by revenues increasing 9.6% to €9.5bn ($10.8bn) from last year’s €8.8bn ($10bn) and its underlying cost of risk down to down to...
by Amruth Sundarkumar | Nov 25, 2021 | Financial Institutions
Assicurazioni Generali has entered into exclusive talks with Credit Agricole to buy the French bank’s subsidiary La Medicale, as part of plans to expand its European non-life and health insurance businesses. According to a statement by the Italian insurer, the talks...
