On 8 November, Crédit Agricole S.A. published its and the Group's results for the third quarter and first nine months of 2017. Jérôme Grivet, Deputy General Manager, Chief Financial Officer
decrypts for us.
Q3 & 9M-17: excellent performances
Crédit Agricole S.A. announces that its subsidiary, Crédit Agricole Cariparma SpA, has signed an agreement with the section “Voluntary Scheme” of the Italian Interbank Deposit Protection Fund (the “Schema Volontario”), Cesena savings bank (Cassa di Risparmio di Cesena SpA), Rimini savings bank (Cassa di Risparmio di Rimini SpA) and San Miniato savings bank (Cassa di Risparmio di San Miniato SpA) to acquire more than 95% of the capital of these three banks.
Following the disclosure made on 12th September 2017, Crédit Agricole S.A. announces today the completion of the disposal by its subsidiary Crédit Agricole Corporate & Investment Bank S.A. (CACIB) of a 16.2% stake in Banque Saudi Fransi (BSF) to Kingdom Holding Company (KHC) in respect of which all regulatory approvals were obtained.
Today, Crédit Agricole S.A. announces that its subsidiary Crédit Agricole Corporate & Investment Bank S.A. (CACIB) has signed a legally binding agreement with Kingdom Holding Company (KHC), a Saudi diversified holding company which is listed on the Saudi Stock Exchange, whereby CACIB has agreed to sell a 16.2% equity stake in Banque Saudi Fransi (BSF), for a total consideration of approximately SAR 5.8bn (at a price of SAR 29.5 per share), which is approximately €1.3bn.
Q2-17: another quarter of strong growth in net income
Dividend of €0.60 per share to be paid in cash
Q1-2017: Net income up sharply for both Crédit Agricole Group and Crédit Agricole S.A., strong commercial momentum in all business lines
2016: a year of construction, acceleration of growth and good financial performance in all business lines
Amundi announced today the signing of a binding agreement to acquire Pioneer Investments from UniCredit for an all-cash consideration of 3,545 million euros.
Strong growth of net profit and strengthened financial solidity
Contribution to growth from all business lines
Cyril Meilland has been appointed Head of Financial Communication of Crédit Agricole S.A. effective 1 October 2016, under the responsibility of Jérôme Grivet, Deputy Managing Director of Crédit Agricole S.A. in charge of Group Finance.
Good commercial and financial results
Confirmation of the Group's strong underlying performance
The option of receiving dividends in Crédit Agricole S.A. shares was available from Friday 27 May to Friday 10 June 2016 inclusive and was taken up by 83% of shareholders.
Crédit Agricole S.A.’s annual general meeting of shareholders was held on Thursday 19 May 2016 at the Maison de la Mutualité (Paris), in the presence of Chairman Dominique Lefebvre and CEO Philippe Brassac.
Crédit Agricole is announcing two appointments at its Major Clients division, which encompasses Crédit Agricole CIB, CACEIS and Indosuez Wealth Management and is supervised by Jean-Yves Hocher, Deputy CEO of Crédit Agricole S.A. and CEO of Crédit Agricole CIB.
A first quarter marked by the stability of the Group’s underlying NIGS,
one-off impacts of the project to simplify the Group’s structure and
the robustness of Crédit Agricole S.A.'s business model
Bénédicte Chrétien has been appointed Head of Group Human Resources of Crédit Agricole SA, reporting to Crédit Agricole SA's Deputy Managing Director in charge of Operations and Transformation. Bénédicte Chrétien's appointment will take effect on 14 March 2016. She will join the Executive Committee.
Laurent Bennet has been appointed Head of Agriculture, Agrifood and Business Services, reporting to Crédit Agricole S.A.'s Deputy Managing Director in charge of the Development, Client and Innovation function. His appointment will take effect on 14 March 2016, and he is joining the expanded Executive Committee.
Crédit Agricole solidity confirmed
Very strong results driven by the performances of all business lines,
allowing for a 60 euro cent dividend (+71%)
One of the most solid banking groups in Europe in terms of solvency
(fully loaded CET1 of Crédit Agricole Group: 13.7%; of CASA: 10.7%)
A major project aimed at simplifying Crédit Agricole S.A.’s structure,
improving transparency and capital quality …
… and paving the way for an ambitious Medium Term Plan
focused on organic growth and profitability improvement
Bertrand Corbeau has been appointed Deputy Managing Director of Crédit Agricole S.A. in charge of Development, Client and Innovation, starting on 4 April 2016. He will replace Olivier Gavalda, who has been appointed CEO of the Crédit Agricole de Paris et d'Ile-de-France Regional Bank.
Pascal Célérier is to be appointed Deputy Managing Director of Crédit Agricole S.A. in charge of Operations and Transformation. He will replace Michel Mathieu, Deputy Managing Director in charge of Retail Banking Subsidiaries, who has been in charge of Operations and Transformation on an interim basis. Mr Célérier's appointment will take effect on 4 April 2016 and he will join the Executive Committee.
Appointments at Crédit Agricole S.A.
©2016 Crédit Agricole