Credit Agricole Group’s net profit for the first quarter grew by 23.6%

Credit Agricole Group’s net profit for the first quarter grew by 23.6%

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The share of net profit of the French banking group Credit Agricole Group in the first quarter amounted to 1.67 billion euros, which is 23.6% more than last year. This is stated in the Credit Agricole Group report.

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The basic net profit of the banking group amounted to 1.69 billion euros, which is 12.6% more than in the first quarter of 2022.

The net profit of Credit Agricole SA amounted to 1.23 billion euros, increasing by 2.1 times compared to last year. The basic net profit of the group amounted to 1.249 billion euros, which is 61.1% more than last year.

Credit Agricole Group’s revenues in the first quarter increased by 0.5% compared to last year to 8.927 billion euros. Basic income amounted to 8.959 billion euros, which is 1.8% more than last year, thanks to constant activity in all business areas.

Credit Agricole SA’s revenues grew by 9.6% compared to last year to 6.121 billion euros.

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Source: Ministry of Finance

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