2017 First Quarter Results

Crédit Agricole Group*

Stated net income Group share

€1,600m
+95.6% Q1/Q1

Stated revenues

€8,249m
+15.2% Q1/Q1

Fully-loaded CET1 ratio

14.5%
500bps above the P2R^[1]

• Good commercial momentum throughout the Group: retail banks, businesses and Large customers
• Underlying[2] net income Group share: €1,654m, +33.3% Q1/Q1
• Underlying² revenues: €8,334m, +6.7% Q1/Q1
• Cost of risk down: 26bps annualised[3]
• 70% of 2017 funding programme completed at end-April

* Crédit Agricole S.A. and 100% of Regional Banks.

Crédit Agricole S.A.

Stated net income Group share

€845m
x3.7 Q1/Q1

Stated revenues

€4,700m
+23.7% Q1/Q1

Fully-loaded CET1 ratio

11.9%
340 bps above the P2R¹

• Acceleration in growth: continued strong commercial momentum in all business lines
• Underlying² revenues +14% Q1/Q1, +10.0% Q1/Q1 excl. Corporate centre (business lines only)
• Strong growth in Asset gathering, Large customers and Corporate centre driven by recurring benefits of Eureka
• Underlying² NIGS €895m, x2.3 Q1/Q1, underlying² earnings per share: €0.27, x2.8 Q1/Q1
• Sharp increase in underlying2 net income Group share of the business lines: +44% Q1/Q1, increased contribution from all business lines
• Tight cost control: 8.3pp improvement in underlying2 cost/income ratio Q1/Q1 to 62.7% excl. SRF
• Firm grip on risk in all business lines: cost of credit risk 37 bps3
• Non-specific provision for legal risk: €40m (non-deductible)
• Note: target CET1 ratio of 11% at end-2019, 250 bps above the P2R1 (8.50% at 01/01/19)