Crédit Agricole CEO Jean-Paul Chifflet said that its second quarter result is par with the prevailing trends and has changed its profile to adapt to the prevailing context and the new regulations.
Regional banks revenues (restated for intragroup transactions) stood at nearly €3.6bn in the second quarter of 2013, up 3.4% against the corresponding period a year ago.
Its LCL segment revenues came to €960m, with a decrease of 4.1% on the second quarter of 2012, but 0.1% higher restated for the provision for home purchase savings schemes.
International retail banking net income group share for the business line stood at €25m, compared to a loss of €257m in the second quarter last fiscal.
Savings management business, which includes asset management, insurance, private banking and asset servicing posted revenues of €1.27bn, with an increase of 5% compared to the same period earlier year.
The Core Tier 1 ratio was 8.6%, compared with 8.5% at 31 March 2013, an improvement of 10 basis points over the period, as at 30 June 2013.
Managing a branch network of 11,300 offices, Crédit Agricole serves approximately 51 million customers, 6.9 million mutual shareholders and 1.2 million shareholders through a work force of 1,50,000 employees.
