Credit Agricole’s Profits Double
French bank Credit Agricole SA reported a rise in Q2 net income to €1.97bn ($2.3bn), up 2.1x YoY and its highest since 2007. Profits were helped by expected loan loss provisions falling 67% to €279mn ($330mn). While the bank’s corporate and investment banking (CIB)...
Credit Agricole Follows Peers with Solid Earnings
French lender Credit Agricole reported a net income rise of 64% YoY €1.05bn ($1.27bn), helped by a significant decrease in provisioning to €384mn ($467mn) down 38% YoY. Group level net income stood at €1.75bn ($2.1bn), up 93% YoY. Their capital markets and investment...
