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07-05-2021
Results for the first quarter 2021
STRONG ACTIVITY, SOLID RESULTS
FIND ATTACHED THE FULL PRESS RELEASE
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STRONG ACTIVITY, SOLID RESULTS |
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GROUP CA AND CREDIT AGRICOLE S.A. STATED AND UNDERLYING DATA Q1-2021 |
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CRÉDIT AGRICOLE GROUP |
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CRÉDIT AGRICOLE S.A. |
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Stated |
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Underlying |
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Stated |
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Underlying |
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Revenues |
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€9,049 m +8.2% Q1/Q1 |
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€9,082 m +8.4% Q1/Q1 |
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€5,493 m +5.6% Q1/Q1 |
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€5,508 m +7.2% Q1/Q1 |
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Costs excluding SRF |
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- €5,505 m -0.8% Q1/Q1 |
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- €5,501 m +0.4% Q1/Q1 |
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- €3,197 m -1.8% Q1/Q1 |
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- €3,193 m -0.0% Q1/Q1 |
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SRF |
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- €467 m +2.8% Q1/Q1 |
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- €652 m +43.4% Q1/Q1 |
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- €380 m +5.6% Q1/Q1 |
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- €510 m +41.7% Q1/Q1 |
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Gross operating income |
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€3,078 m +30.2% Q1/Q1 |
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€2,930 m +19.8% Q1/Q1 |
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€1,916 m +20.8% Q1/Q1 |
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€1,805 m +14.0% Q1/Q1 |
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Cost of risk |
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-€537 m -42.3% Q1/Q1 |
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-€537 m -42.3% Q1/Q1 |
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-38.2% Q1/Q1 |
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-€384 m -38.2% Q1/Q1 |
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Net income Group share |
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€1,754 m +93.2% Q1/Q1 |
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€1,599 m +63.0% Q1/Q1 |
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€1,045 m +63.9% Q1/Q1 |
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€932 m +43.1% Q1/Q1 |
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C/I ratio (excl. SRF) |
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60.8% -5.5 pp Q1/Q1 |
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60.6% -4.8 pp Q1/Q1 |
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58.2% -4.4 pp Q1/Q1 |
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58.0% -4.2 pp Q1/Q1 |
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Crédit Agricole S.A. UNDERLYING DATA Q1 2021
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Strong solvency |
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CRÉDIT AGRICOLE GROUP |
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CRÉDIT AGRICOLE S.A. |
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Phased-in CET1 |
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17.3% |
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+0.1 pp Mar/Dec |
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12.7% |
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-0.4 pp Mar/Dec |
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+8.4 pp above SREP requirements |
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+4.8 pp above SREP requirements |
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€19.7 bn in loan loss reserves at end-March 21 |
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NPL ratio stable at 3.2%, coverage ratio up 72% Unwinding of 15% of switch |
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Mobilisation of the Group to protect, boost and transform the economy |
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CRÉDIT AGRICOLE GROUP |
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CRÉDIT AGRICOLE S.A. |
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SGL: €35.2 bn in France and Italy Moratoria: €0.7 bn in France and <€0.5 bn in Italy
+5.0% RB loans outstanding excl. SGL Increase in RB home and corporate loan market share 1st renewable energy private financer and institutional investor in France |
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CAA #1 insurer contributing to the Prêts Participatifs Relance (recovery participating loans): €2.25 bn
+3.4% LCL loans outstanding excl. SGL
+11% renewable energy outstanding in 2020
1st bank to launch an ESG platform
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HIGHLIGHTS Ongoing development initiatives in Europe |
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Dominique Lefebvre,
Chairman of SAS Rue La Boétie and Chairman of the Crédit Agricole S.A. Board of Directors
“All Group employees are fully committed to protect the economy during the crisis and support the recovery. And we are fulfilling our commitments regarding societal transformation. 1st bank to commit to fully exit thermal coal by 2040, we are also the 1st bank to launch an ESG reporting platform, notably to assess the mix of our energy exposures.”
Philippe Brassac,
Chief Executive Officer of Crédit Agricole S.A.
“Our first-quarter performance is the result of the outstanding commitments of our teams to support customers. The Group is delivering on its development model, fundamentally focused on organic growth, supported by wide cooperation between our business lines and possible targeted external operations. In a context of economic upturn and renewed international competition, the Group is determined to support recovery.”
EN_CASA_2021-Q1_Resultats_PR_Vdef.pdf
07-05-2021
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