8/6/2020, 6:49 AM (Source: TeleTrader)
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Credit Agricole Q2 net income at €954M, beats expectations

Credit Agricole S.A. announced on Thursday that its stated net income group share in the second quarter came in at €954 million, beating expectations, but falling 21.9% year on year. Meanwhile, earnings per share were at €0.51 as the figure declined 22% compared to the same quarter in 2019. Meanwhile, stated revenues were down 4.9% to €4.9 billion in the second quarter.

The bank's CET1 ratio increased by 0.6 percentage points to 12% as European Central Bank regulatory adjustment measures were added.

Meanwhile, Credit Agricole Group reported a stated net income decline of 18.2% as the number was reported at €1.5 million. The bank added it had very strong solvency on the group level as its CET1 ratio stood at 16.1%.

Baha Breaking News (BBN) / VP