Credit Agricole reported a sharp step-up in second-quarter revenues on Friday, with the listed entity Credit Agricole S.A. generating €7.4 billion in the three months to June, an increase of 7.7% compared with the same period a year earlier. The wider Credit Agricole Group, which includes the regional mutual banks, saw revenues rise 12.9% year-on-year to €10.9 billion; Crédit Agricole S.A. said its revenues had reached their highest level.
The Montrouge-based bank described revenue growth as strong and driven by all business lines, with Credit Agricole S.A.'s gross operating income rising 11.4% to €3.5 billion over the three-month period. Chairman Éric Vial said the results "demonstrate the strength and relevance of its diversified universal banking model".
REVENUE MOMENTUM ACROSS BUSINESS LINES
Insurance posted record second-quarter premium income of €15.0 billion, up 18%, with record Savings/Retirement net inflows of €6.1 billion, while asset management reached a record level of assets under management.
For the Credit Agricole Group as a whole, the Regional Banks' consolidated revenues rose 12.9% to €6,239 million in the quarter and their gross operating income rose 23.3% to €3,526 million.
GROSS OPERATING INCOME OF €3.5 BILLION
Gross operating income of €3.5 billion at Credit Agricole S.A. (€4.7 billion for the wider group) rose 11.4% and 25.8% respectively.
Net income Group share was €2,051 million at Credit Agricole S.A., down 11.9% (up 1.4% excluding the Amundi US gain in the second quarter of 2025), and €2,778 million for the Credit Agricole Group, up 7.8%, with the full quarterly report published on the group's investor relations website. The results followed second-quarter releases from French peers BNP Paribas (23 July) and Societe Generale (30 July).
Crédit Agricole S.A. reported a first-half return on tangible equity of 14.3% and a CET1 ratio of 11.3%, and will pay an interim dividend of €0.57 per share on 15 October 2026.