Results for the second quarter and first half 2022

ROBUST COMMERCIAL ACTIVITY
- 1 million new customers in France, Italy and Poland in H1
- Dynamic production in home loans (+2.1% Q2/Q2), consumer finance (+9.0%), factoring (+16.4%) and retail corporate lending (+19.8%); strong momentum in property and casualty insurance (+10.2% revenues Q2/Q2) and personal protection (+7.8%)
- Very robust activity in large customers (financing activities +12.8% Q2/Q2, capital markets and investment banking +28.5% excluding foreign exchange impact)

Crédit Agricole S.A. STATED INCOME Q2-22: €2.0bn

Crédit Agricole S.A. UNDERLYING INCOME Q2-22: €1.9bn (+18.1% Q2/Q2)
Steady increase in revenues since 2017 +6.2% Q2/Q2
Positive jaws effect: costs^[1] +5.2% Q2/Q2, +1.8% excluding CreVal/Lyxor scope and FX impact
Gross operating income: +7.4% Q2/Q2, i.e. +€192m
Cost/income ratio (excl. SRF): 56.8% H1-22 (-1.0 pp vs. end-2021);

PROFITABILITY
Underlying H1-22 RoTE 13.9%^[2], > than 3 pp above the average of 10 major European banks

Dominique Lefebvre,

Chairman of SAS Rue La Boétie and Chairman of the Crédit Agricole S.A. Board of Directors

“I would like to thank all the employees of the Group, as well as elected officials, for stepping-up to support our customers, and in particular those hardest hit by the current context. The strength of our results reinforces our capacity to act, locally, in all our regions.”

Philippe Brassac,

Chief Executive Officer of Crédit Agricole S.A.

“In an opaque and uncertain environment, the Group continues to grow steadily, thanks to its universal customer-focused banking model.”

1. ^{^} [1] Excluding SRF
2. ^{^} [2] Underlying ROTE calculated on the basis of annualised underlying net income Group share and annualised IFRIC costs