Financial results for the second quarter and first half of 2025

Strong activity in all business lines

• Confirmation of the upturn of loan production in France, international credit activity still strong and consumer finance at a higher level
• Record net inflows in life insurance, high net inflows in asset management (driven by the medium/long-term and JVs); in insurance, revenues at a higher level driven by all activities
• CIB: record half year and strong quarter

Continuous flow of strategic operations

• Gradual achievement of synergies in the ongoing integrations: progress of around 60% for RBC IS Europe and 25% for Degroof Petercam in Belgium
• Transactions concluded this quarter: launch of partnership with Victory Capital in the United States, increased stake in Banco BPM in Italy, acquisition of Merca Leasing in Germany and Petit-fils and Comwatt in France and acquisition of Santander’s 30.5% stake in CACEIS^[1]
• New projects initiated: Acquisitions of Banque Thaler in Switzerland, Comwatt and Milleis in France, partnership with the Crelan Group in Belgium and development of Indosuez Wealth Management in Monaco

Half-yearly and quarterly results at their highest 

• High profitability (Return on Tangible Equity of 16.6%), driven by high and growing revenues, a low cost/income ratio (53.9% in the first half) and a stable cost of risk (34 basis points on outstandings)
• Results especially benefiting from the capital gain related to the deconsolidation of Amundi US

High solvency ratios

• Crédit Agricole S.A.’s phased-in CET1 at 11.9% and CA Group phased-in CET1 at 17.6%

Continuous support for transitions, with an award from EUROMONEY

• Continued withdrawal from fossil energies and reallocation to low-carbon energy sources
• Support for the transition of households and corporates
• Crédit Agricole named World’s Best Bank for Sustainable Finance at the Euromoney Awards for Excellence 2025

Presentation of the Medium-Term Plan on 18 November 2025

Dominique Lefebvre, Chairman of SAS Rue La Boétie and Chairman of the Crédit Agricole S.A. Board of Directors
“The high-level results we are publishing this quarter serve our usefulness to the economy and European sovereignty.” ‍

Olivier Gavalda, Chief Executive Officer of Crédit Agricole S.A.
“With this high level of results, we are confident in Crédit Agricole S.A.'s ability to achieve a net profit in 2025 higher than 2024, excluding the corporate tax surcharge. These results constitute a solid foundation for Crédit Agricole S.A.'s medium-term strategic plan, which will be unveiled on November 18, 2025.”

1. Closing at 4th of July