Slides of the press conference – Second quarter and first half results 2022
WORKING EVERY DAY IN THE INTEREST OF OUR CUSTOMERS AND SOCIETY
RESULTS
SECOND QUARTER AND FIRST HALF 2022
Working every day in the interest of
our customers and society
SECOND QUARTER 2022 RESULTS
- In an opaque and uncertain environment, the Group continues to grow steadily, thanks to its universal customer-focused banking model. »
2 SECOND QUARTER AND FIRST HALF 2022 RESULTS
CRÉDIT AGRICOLE S.A.
Key figures
Underlying
Revenues
Operating expenses excl. SRF
Gross operating income
Cost of risk
Underlying net income
Group share
Reported
Specific items
Reported net income
Group share
|
Q2 2022 |
H1 2022 |
|
€6,188m |
€12,116m |
|
+6.2% Q2/Q2 |
+6.9% H1/H1 |
|
-€3,388m |
-€6,887m |
|
+5.2% Q2/Q2 |
+7.4% H1/H1 |
|
€2,789m |
€4,582m |
|
+7.4% Q2/Q2 |
+4.1% H1/H1 |
|
-€203m |
-€748m |
|
-20.4% Q2/Q2 |
+17.2% H1/H1 |
|
€1,908m |
€2,665m |
|
+18.1% Q2/Q2 |
+4.6% H1/H1 |
|
€68m |
-€136m |
|
€1,976m |
€2,528m |
|
+0.4% Q2/Q2 |
-16.1% H1/H1 |
CRÉDIT AGRICOLE S.A.
|
Cost/income |
54.8% |
|
ratio(1) |
|
|
-0.5 pp Q2/Q2 |
|
|
i.e., in the MTP target |
|
|
Solvency |
11.3% |
|
(Phased-in CET1) |
+3.4 pp vs. |
|
i.e., in the MTP target |
SREP |
|
ROTE(2) |
13.9% |
|
H1-22 Underlying |
- Underlying cost/income ratio excl. SRF
- Underlying ROTE calculated on the basis of annualised underlying net income and annualised IFRIC costs
3 SECOND QUARTER AND FIRST HALF 2022 RESULTS
CRÉDIT AGRICOLE GROUP
Key figures
Underlying
Revenues
Operating expenses excluding SRF
Gross operating income
Cost of risk
Underlying net income
Group share
Reported
Specific items
Reported net income
Group share
- Underlying cost/income ratio excl. SRF
|
Q2 2022 |
H1 2022 |
|
€9,636m |
€19,237m |
|
+3.7% Q2/Q2 |
+4.7% H1/H1 |
|
-€5,824m |
-€11,716m |
|
+5.8% Q2/Q2 |
+6.5% H1/H1 |
|
€3,805m |
€6,719m |
|
+0.7% Q2/Q2 |
+0.1% H1/H1 |
|
-€615m |
-€1,309m |
|
+38.2% Q2/Q2 |
+33.3% H1/H1 |
|
€2,447m |
€3,931m |
|
+3.4% Q2/Q2 |
-0.9% H1/H1 |
|
€322m |
€169m |
|
€2,769m |
€4,100m |
|
stable Q2/Q2 |
-9.4% H1/H1 |
CRÉDIT AGRICOLE GROUP
|
Cost/income |
60.4% |
|
ratio(1) |
+1.2 pp Q2/Q2 |
|
i.e., in the MTP target |
|
Solvency |
17.5% |
|
(Phased-in CET1) +8.6 pp |
|
i.e., in the MTP target |
vs. SREP |
4 SECOND QUARTER AND FIRST HALF 2022 RESULTS
|
CRÉDIT AGRICOLE GROUP |
CRÉDIT AGRICOLE S.A. |
In an opaque and uncertain environment, the Group continues to grow steadily, thanks to its universal customer-focused banking model
An intrinsic development model, based on global relationship with all customers,
thanks to competitive and innovative business lines, at their service
|
1. A similar development model exists for corporate segment and all other customers segments 2. Market share of |
|
LCL and Regional banks household and related loans as of |
488,000
new customers in Q2(1)
+8.4%
loan production(2) Q2/Q2
+10.2%
Revenues from Property
- Casualty insurance Q2/Q2
+€5.9bn
net inflows
Asset gathering
and Insurance division Q2/Q2
1 million new customers(1)
since the start of 2022
CA #1 in home loans in
1 out of 4 loans
CA
#1 bancassurer in
CA
#1 European asset
manager(5)
|
share on merchant acquisition, in number of transactions, Banque de France Monétique data, as of 2020 4. Market |
|
share of UCITS (all client segments) in |
|
term insurance for death + funeral coverage + long-term care 6. End 2020, scope: annual contributions collected by |
|
CAA originated by Regional banks and LCL 7. End 2020, Prédica outstandings 8. End 2020, |
|
de France Property & Casualty business, annual contributions. Market size: Argus de l'Assurance |
- New customers = gross customer capture. Net customer capture in retail banking in
France ,Italy andPoland (Q2: 111,000 customers/H1: 238,000 customers) - Excluding State-guaranteed loans, Regional Banks and LCL
- Crédit
Agricole Group - Based on insurance premium income in 2020
- IPE (Investment & Pensions Europe) 2022 Asset Management Guide
5 SECOND QUARTER AND FIRST HALF 2022 RESULTS
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