Crédit Agricole SA has reported a 4.2% decline in net income attributable to the group, at €1.82bn for Q1 2025, impacted by the corporate income tax surcharge, while its gross operating income rose 4.1% to €3.27bn.

However, its cost/income ratio deteriorated by 1.1 point to 55%, with an 8.8% increase in expenses and a 6.6% rise in revenues to €7.26bn, driven by the very good performance of the savings management and insurance and large customers divisions.

Crédit Agricole also noted a rebound in credit production in France from the low point at the beginning of 2024, without confirming the momentum seen at the end of the year, and a decline in consumer credit, impacted by lower activity in auto financing.

In addition, the bank announced the appointment of Jérôme Grivet as sole deputy CEO and second effective executive officer. As of 1 June, the executive management will be organized around seven divisions, the general secretariat, and control functions.


Copyright (c) 2025 CercleFinance.com. All rights reserved.