Crédit Agricole Group reported full-year 2024 net income attributable to the group of EUR 8.6 billion, a 4.6% increase on the prior year, as revenues climbed 4.3% to EUR 38.1 billion. The results, published on the group's financial results page, showed strong commercial activity across all business lines, with growth driven mainly by Asset Gathering, Large Customers and International Retail Banking. Earnings at the Regional Banks, LCL and specialised financial services declined, while Asset Gathering (including insurance and Amundi) and the Large Customers division posted record results.
At the level of the listed entity, Crédit Agricole S.A. delivered net income of EUR 7.1 billion, up 11.6% year on year. Revenues of Crédit Agricole S.A.'s Large Customers division, which houses its corporate and investment banking franchise, reached a record EUR 8.65 billion, up 11.2%.
EFFICIENCY AND COST OF RISK
Crédit Agricole S.A.'s underlying cost-to-income ratio for the full year was 54.4% (59.5% for the wider group). The group's cost of risk was 27 basis points of outstandings.
Amundi's assets under management reached a record EUR 2,240 billion, while Indosuez Wealth Management held EUR 215 billion.
CAPITAL
The group's Common Equity Tier 1 ratio was reported at 17.2%.