Credit Agricole S A : Slides of the press conference - Third quarter and first nine months 2022 results
November 10, 2022 at 01:17 am
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WORKING EVERY DAY IN THE INTEREST OF OUR CUSTOMERS AND SOCIETY
RESULTS
FOR THE 3RD QUARTER AND FOR THE FIRST NINE MONTHS OF 2022
Working every day in the interest of
our customers and society
Philippe Brassac
THIRD QUARTER 2022 RESULTS
2 THIRD QUARTER AND THE FIRST NINE MONTHS 2022 RESULTS
SOLID QUARTELY RESULTS FOR THE GROUP, ANCHORED IN THE REAL ECONOMY
Strong results
in line with MTP trajectory
+20.6% vs 9M-19pre-crisis level
Profitability among the best in Europe
ROTE 2.5 pp above the average of 10 major European banks
Crédit Agricole S.A.
Net income Group share
Crédit Agricole Group
Net income Group share
Crédit Agricole S.A.
12.5%
Underlying ROTE
9M-22(1)
Q3 2022
9M 2022
Reported
Underlying
€1,352m
€3,937m
-3.6% Q3/Q3
-0.6% 9M/9M
€2,004m
€5,856m
-9.8% Q3/Q3
-5.6% 9M/9M
(1) Underlying ROTE calculated based on the annualised underlying net income Group share and IFRIC expenses recorded on a straight-line basis over the year
RECORD HIGH Q3 REVENUES,
COMPARED TO AN EXCEPTIONALLY HIGH Q3-21
Crédit Agricole S.A.
Underlying quarterly revenue grwoth since 2017 (in €m)
+0.9%
+7.6%
5 585
5 535
5 073 5 143
4 834
4 564
STRONG OPERATIONAL EFFICIENCY
Crédit Agricole S.A.
C/I ratio(1)
58.1%
+0.8 pp 9M/9M
Crédit Agricole S.A.
30bp(2)
CoR/outstandings
Annualised (2)
32bp
based on Q3-22
2019 quarterly average of
CoR/outstandings
Best coverage ratio of the major European banks
Cost/income ratio
still very strong
and below the MTP target
Risk back to pre-COVID crisis levels (2019)
Crédit Agricole Group
Crédit Agric .A.
Crédit Agricole S.A.
17.2%
11.0%
Solvency
Solvency
(Phased-in CET1)
(Phased-in CET1)
Solvency: one of the strongest banks in Europe
(1) Underlying cost/income ratio excl. SRF (Crédit Agricole S.A.). (2) The cost of risk relative to outstandings (in basis points) on an annualised basis is calculated on the cost of risk of the quarter multiplied by four and divided by the outstandings at the start of the quarter.
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Crédit Agricole SA published this content on 10 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2022 06:16:11 UTC.
Crédit Agricole S.A. is one of the leading European banking groups and is the leading financial backer of the French economy. Net Banking Product breaks down by activity as follows:
- retail banking (30.1%): activities in France (Crédit Lyonnais) and abroad. Furthermore, the group is present in France via its 39 regional networks of branches (making it the biggest French banking network);
- finance, investment and market banking (30.1%): standard and specialized bank financing activities (financing for acquisitions, projects, aeronautical and maritime assets, etc.), stock operations, consulting in mergers and acquisitions, investment capital, etc.;
- asset management, insurance and private banking (25.9%);
- specialized financial services (13.9%): consumer loan, leasing and factoring (No. 1 in France).
At the end of 2023, Crédit Agricole S.A. managed EUR 835 billion in current deposits and EUR 516.3 billion in current credits.
NBP is distributed geographically as follows: France (46%), Italy (20%), European Union (14.3%), Europe (7.2%), North America (6%), Japan (1.3%), Asia and Oceania (3 .5%), Africa and Middle East (1.3%), Central America and South America (0.4%).
CRÉDIT AGRICOLE S.A. 
