CAG and Crédit Agricole S.A. stated and underlying results Q1-2022 |
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CRÉDIT AGRICOLE GROUP |
CRÉDIT AGRICOLE S.A. |
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Stated |
Underlying |
Stated |
Underlying |
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Revenues |
€9,680m +7.0% Q1/Q1 |
€9,601m +5.7% Q1/Q1 |
€5,938m +8.1% Q1/Q1 |
€5,929m +7.6% Q1/Q1 |
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Costs excl. SRF |
-€5,911m +7.4% Q1/Q1 |
-€5,892m +7.1% Q1/Q1 |
-€3,518m +10.0% Q1/Q1 |
-€3,499m +9.6% T1/T1 |
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SRF |
-€794m +70.1% Q1/Q1 |
-€794m +21.9% Q1/Q1 |
-€636m +67.3% Q1/Q1 |
-€636m +24.7% Q1/Q1 |
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GOI |
€2,975m -3.3% Q1/Q1 |
€2,914m -0.5% Q1/Q1 |
€1,784m -6.9% Q1/Q1 |
€1,793m -0.6% Q1/Q1 |
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Cost of risk |
-€888m +65.5% Q1/Q1 |
-€693m +29.2% Q1/Q1 |
-€741m +93.0% Q1/Q1 |
-€546m 42.2% Q1/Q1 |
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Net income Group share |
€1,331m -24.1% Q1/Q1 |
€1,484m -7.2% Q1/Q1 |
€552m -47.2% Q1/Q1 |
€756m -18.9% Q1/Q1 |
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C/I ratio (excl. SRF) |
61.1% +0.2 pp Q1/Q1 |
61.4% +0.8 pp Q1/Q1 |
59.2% +1.0 pp Q1/Q1 |
59.0% +1.1 pp Q1/Q1 |
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Crédit Agricole S.A. underlying results Q1-2022 Gross operating income excluding SRF: +4.9% Q1/Q1, or +€114m to €2,429m Cost/ income ratio (excl. SRF): 59.0% (+1.1 pp Q1/Q1), below the MTP target of 60% Net income Group share €756m, -€176m Q1/Q1, impacted by
Underlying ROTE Q1-2022: 11.6% |
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Dynamic commercial activity in Q1 in all business lines, macroeconomic impact of conflict yet to come
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Solid balance sheet and capital position |