| Robust results despite market turbulence |
| This morning, the Group published high-level quarterly results demonstrating growth. |
| This quarter, Crédit Agricole Group’s net income Group share reached €2.1 billion, up +5.5%, and that of Crédit Agricole S.A. amounted to €1.7 billion, up +1.8%. |
| Sustained progress |
| Quarterly revenues from Crédit Agricole S.A. have continued their steady upward trend since 2017 and reached €7 billion this quarter (+0.9%). Those of Crédit Agricole Group stood at €10 billion, an increase of +2.8% driven by the momentum across all business lines, the acceleration of the digitalisation of customer journeys and development in Europe. |
| Strong activity in all business lines |
| During the quarter, 600,000 new customers joined the retail banks, 450,000 in France and 150,000 internationally (Italy, Poland, Egypt and Ukraine). |
| The credit business remains well positioned. Loan production in Retail Banking in France, Italy and Poland came to €33 billion, up +8% compared with the first quarter of 2025. |
| The insurance business is very dynamic with overall premium incomes at a record €17 billion, an increase of +14.5% compared with the first quarter of 2025. |
| In asset management, Amundi’s net inflows reached the very high level of €32 billion. |
| Corporate and investment banking confirms its position in its market.
Crédit Agricole Corporate and Investment Bank ranks second in green, social and sustainable bonds in EUR, third in All bonds in EUR Worldwide, and confirms its strong position in syndicated loans (third in France and fifth in Europe, the Middle East and Africa). |
| Accelerating digitalisation and development in Europe |
| The Group continues to accelerate its development in line with its strategic plan with several achievements this quarter: |
- acceleration of digital customer capture in France, particularly at LCL with L by LCL Pro and in Italy (~40% acquired online), and also the continued digitalisation of journeys on Ma Banque (agreement in principle for home loans, launch of Securities Account/Share Savings Plan and the new Oriance life insurance contract);
- launch in Germany of the pan-European savings platform, Crédit Agricole Savings;
- Crédit Agricole S.A.’s stake in the capital of Banco BPM increased to 22.9%;
- announcement by Crédit Agricole Ukraine of the signing of an agreement to acquire Bank Lviv.
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| Controlled costs |
| This performance was part of a controlled management framework. For Crédit Agricole Group, operating expenses remained virtually unchanged at +0.7% year on year. As a result, the gross operating income stood at €3,967 million, up +6.2% compared with the first quarter of 2025, with a cost/income ratio at 60.3%, down -1.3 percentage points compared with the first quarter of 2025.
Crédit Agricole S.A.’s operating expenses were slightly down over the period (-0.2%). Gross operating income stood at €3,013 million, up +2.4% compared with the first quarter of 2025. The cost/income ratio stood at 56.9%, down -0.6 percentage points compared with the first quarter of 2025. |
| A strong Group and prudent provisioning |
| Crédit Agricole Group has the highest level of solvency among European systemically important banks. Capital ratios for Crédit Agricole Group are well above regulatory requirements.
At 31 March 2026, the phased-in Common Equity Tier 1 (CET1) ratio of Crédit Agricole Group was 17.1%, i.e. 6.7 percentage points above regulatory requirements. The coverage ratio of doubtful loans was 82.6%, and loan loss reserves amounted to €22.6 billion. |
| The Group’s liquidity reserves totalled €475 billion. |
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