Crédit Agricole SA has announced that it will raise its 2023 dividend to 1.05 euros per share (+24% year-on-year, excluding 2019 catch-up) for underlying EPS up 6.5% to 1.80 euros over the past year, as well as stable underlying ROTE at 12.6%.

Also on an underlying basis, PBIT rose by 12.5% to over 10.4 billion euros, with net banking income up by 9.5% to almost 24.6 billion, driven by all business divisions, and a cost/income ratio excluding RIF improved by 0.3 points to 55.4%.

At December 31, 2023, Crédit Agricole's solvency ratio was above the medium-term plan target, with a phased Common Equity Tier 1 (CET1) ratio of 11.8%, stable compared with September 30.

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