Credit Agricole Sa · EURONEXT:ACA
Credit Agricole Sa — Q3 2025 Earnings Presentation
85 slides from Credit Agricole Sa's earnings presentation, Oct 30, 2025
Slide 1: Results for the 3rd quarter and first 9 months of 2025
RESULTS FOR THE 3RD QUARTER AND FIRST 9 MONTHS OF 2025 1 3RD QUARTER AND NINE MONTHS RESULTS
Slide 2: Disclaimer note
Disclaimer NOTE The The financial information on Crédit Agricole S.A. and Crédit Agricole Group for third quarter and nine months 2025 comprises this press release, the presentation slides and the attached appendices which are available on the website: https://https://www.credit-agricole.com/en/fina
Slide 3: Key messages and figures
Key messages and figures 3 3RD QUARTER AND NINE MONTHS RESULTS
Slide 4: Sustained activity and high results
SUSTAINED ACTIVITY AND HIGH RESULTS • Sustained activity in all business lines • High results for the first nine months and third quarter • Solid profitability, driven by high quarterly revenues, a low cost/income ratio and stable cost of risk • Solvency remains high • Completion of the acquisition
Slide 5: Key figures
KEY FIGURES CRÉDIT AGRICOLE GROUP FIRST NINE CRÉDIT AGRICOLE S.A. FIRST NINE 3RD QUARTER 2025 3RD QUARTER 2025 MONTHS OF 2025 MONTHS OF 2025 Revenues €29,586m €9,731m Revenues €21,113m €6,850m +4.8% 9M/9M +5.6% Q3/Q3 +5.1% 9M/9M +5.6% Q3/Q3 Gross operating €11,936m €3,944m Gross operating €9,584m €3
Slide 6: Crédit Agricole S.A. Q3-25 summary
Crédit Agricole S.A. Q3-25 Summary 6 3RD QUARTER AND NINE MONTHS RESULTS
Slide 7: Sustained activity in all business lines
CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. ACTIVITY SUSTAINED ACTIVITY IN ALL BUSINESS LINES Change Sept. 25/Sept. 24 New customers 522,000 Q3-25 Loans France (RB + LCL): 827 (+1.6%) • Retail banking in France: continued upturn in home loan production outstanding Italy: 62 (+1.3%) from the low point
Slide 8: High revenues that continue to grow
CRÉDIT AGRICOLE S.A. REVENUES HIGH REVENUES THAT CONTINUE TO GROW Q3/Q3 change in revenues, by business line (€m) Q3 revenues (€bn) +5.6% +€363m +313 6,850 6,487 +45 +14 (4) (6) +5.2% 6.8 CAGR 6.3 6.5 Very strong activity in Good momentum CAPFM: LCL/Italy: Stable Impact of the Insurance and at in th
Slide 9: Cost/income ratio remains low at 54.6% (9M)
CRÉDIT AGRICOLE S.A. EXPENSES COST/INCOME RATIO REMAINS LOW AT 54.6% (9M) Q3/Q3 change in expenses, by business line (€m) Breakdown by nature of costs (€m) +4.0% +€149m -34 3,837 +80 3,689 +101 +6 +10 +14 +17 -50 Positive base effect LCL: Acceleration in Amundi restructuring investments plan (+€80m)
Slide 10: Loan loss reserves high and among the best coverage ratios
CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. RISKS LOAN LOSS RESERVES HIGH AND AMONG THE BEST COVERAGE RATIOS Crédit Agricole S.A. cost of risk (€m) Cost of risk by business line Cost of risk/outstandings(1) (bp) 433 489 + 13.0% LC 8% 594 CC 8% LC 4% IRB 441 489 IRB 16% 14% 433 18 413 LCL Crédit Agric
Slide 11: Cost of risk by business line
CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. RISKS COST OF RISK BY BUSINESS LINE Cost of risk/outstandings(1) (bp) Additions to provisions of €50m (model revision) with €30m in additions to legal provisions (including UK car loans) 142 127 130 135 ➔ CAPFM: €20m in additions to provisions for legal ris
Slide 12: Result at a good level
CRÉDIT AGRICOLE S.A. RESULTS RESULT AT A GOOD LEVEL Q3/Q3 change in pre-tax income by business line (€m) Change in net income Group share by P&L line (€m) Increase in +6.2% GOI +€149m 2,553 +363 +333 2,404 +22 +142 1,836 1,666 (149) (56) (79) (81) (46) (130) CACEIS: CAPFM: Equity-accounted entities
Slide 13: High solvency ratio (target at 11%)
CRÉDIT AGRICOLE S.A. STRONG FINANCIAL POSITION – CRÉDIT AGRICOLE S.A. HIGH SOLVENCY RATIO (TARGET AT 11%) Change in phased-in CET1 ratio (bp) Change in RWA by business line (€bn) +1.9% +20 bp +€8 Bn 414 + 0.0 + 3.0 + 2.0 406 + 0.7 + 2.1 11.9% -21 bp 13 12 distribution: €0.27 +6 bp Banco BPM: 11.7%
Slide 14: Very high capital
CRÉDIT AGRICOLE GROUP STRONG FINANCIAL POSITION – CRÉDIT AGRICOLE GROUP VERY HIGH CAPITAL Change in phased-in CET1 ratio (bp) Change in RWA by business line (€bn) 1.4% +27 bp +€9 Bn +14 bp -22bp 17.6% 17.6% 649 + 0.2 + 2.0 + 0.2 + 2.4 + 4.5 658 -20bp 13 13 Capital increase for Banco BPM: Buyback of
Slide 15: Strong liquidity position
CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. STRONG FINANCIAL POSITION – CRÉDIT AGRICOLE GROUP STRONG LIQUIDITY POSITION Liquidity reserves (€bn) Customer deposits (€bn) 488 by type of customers 471 by nature Eligible collateral already pledged to Central Banks 136 and unencumbered (1) 3% 130 17% 10%
Slide 16: Continued support of the energy transition
CONTINUED SUPPORT OF THE ENERGY TRANSITION A transition plan based on three complementary and well-structured priorities: 1 Accelerating the development of renewable and low-carbon energy 2 As a universal bank. supporting energy transition for all: the 3 Driving our exit path from the financing of c
Slide 17: Income statement
CRÉDIT AGRICOLE S.A. INCOME STATEMENT M€ Q3-25 Q3/Q3 9M-25 9M/9M Revenues 6,850 +5.6% 21,113 +5.1% Operating expenses (3,837) +4.0% (11,528) +5.0% Gross operating income 3,013 +7.7% 9,584 +5.2% Cost of risk (489) +13.0% (1,344) +7.0% Equity-accounted entities 29 -32.1% 106 -19.8% Net income on other
Slide 18: Crédit Agricole S.A. business lines
Crédit Agricole S.A. Business lines 18 3RD QUARTER AND NINE MONTHS RESULTS
Slide 19: AG – Insurance
CRÉDIT AGRICOLE S.A. AG – INSURANCE Savings/Retirement Property and personal insurance (1) Net inflows (€bn) Premium income (2) (€bn) Q3/Q3 Contribution to earnings Q3-25 ∆ Q3/Q3 9M-25 ∆ 9M/9M +9.2% (in €m) +4.2 +3.8 2.8 2.8 Revenues 675 +6.3% 2,192 +2.9% +1.8 2.5 (2) +1.9 Gross operating income 572
Slide 20: AG – Asset Management (Amundi)
CRÉDIT AGRICOLE S.A. AG – ASSET MANAGEMENT (AMUNDI) Assets under management (in €bn) Contribution to earnings Q3-25 ∆ Q3/Q3 9M-25 ∆ 9M/9M (in €m) +5.7% Revenues 797 (4.9%) 2,460 (1.8%) +2.2% + 35.2 Operating expenses (530) +13.8% (1,455) +5.1% + 4.0 2,317 2,192 2,267 + 7.7 + 3.3 JVs Gross operating
Slide 21: AG – Wealth Management (Indosuez Wealth Management)
CRÉDIT AGRICOLE S.A. AG – WEALTH MANAGEMENT (INDOSUEZ WEALTH MANAGEMENT) Assets under management (in €bn) Contribution to earnings Q3-25 ∆ Q3/Q3 9M-25 ∆ 9M/9M +7.9% (in €m) +5.4% Revenues 394 (0.7%) 1,242 +28.4% + 6.7 + 3.3 226 Operating expenses (336) +6.0% (1,028) +30.7% 214 + 1.6 209 Gross oper
Slide 22: Large Customers – Corporate and Investment Banking
CRÉDIT AGRICOLE S.A. LARGE CUSTOMERS – CORPORATE AND INVESTMENT BANKING Revenues (€m) +3.6% Var +3.3% Var Q3/Q3 9m/9m Contribution to earnings Q3-25 ∆ Q3/Q3 9M-25 ∆ 9M/9M 4,995 5,174 (in €m) 445 (1.3%) 451 1,582 Revenues 1,582 +3.3% 5,174 +3.6% Investment 1,531 128 (6.0%) banking 136 Mkts 2,081 2,18
Slide 23: Large Customers – Asset Servicing (CACEIS)
CRÉDIT AGRICOLE S.A. LARGE CUSTOMERS – ASSET SERVICING (CACEIS) Contribution to earnings Q3-25 ∆ Q3/Q3 9M-25 ∆ 9M/9M Assets under custody – AUC (€bn) Assets under administration – AUA (€bn) (in €m) Revenues 516 (1.2%) 1,557 +0.6% +12.6% Operating expenses (359) (4.5%) (1,089) (2.4%) +3.2% Gross oper
Slide 24: SFS – Personal Finance and Mobility
CRÉDIT AGRICOLE S.A. SFS – PERSONAL FINANCE AND MOBILITY Contribution to earnings Q3-25 ∆ Q3/Q3 9M-25 ∆ 9M/9M Gross managed loans (€bn) Consolidated loans outstanding (€bn) (in €m) Revenues 695 +2.5% 2,075 +1.6% +4.5% Operating expenses (344) +1.8% (1,053) +1.7% 121.0 122.0 116.8 ∆ Other CAPFM Sept.
Slide 25: SFS – Leasing & Factoring
CRÉDIT AGRICOLE S.A. SFS – LEASING & FACTORING Contribution to earnings Q3-25 ∆ Q3/Q3 9M-25 ∆ 9M/9M Leasing outstandings (in €bn) (in €m) Revenues 189 (1.6%) 557 (0.9%) +4.3% ∆ Sept./Sept. Operating expenses (103) +4.4% (306) +2.7% 20.1 20.8 20.9 4.5 4.5 Gross operating income 85 (8.0%) 251 (5.1%) 4
Slide 26: RB – LCL
CRÉDIT AGRICOLE S.A. RB – LCL Contribution to earnings Q3-25 ∆ Q3/Q3 9M-25 ∆ 9M/9M Loans outstanding (€bn) Customer assets (€bn) (in €m) Revenues 982 +0.4% 2,922 +0.3% +1.5% +2.4% ∆ ∆ Sept./Sept. Sept./Sept. Operating expenses (638) +4.9% (1,860) +3.3% 171.5 172.9 253.3 256.0 257.2 168.8 24.4 24.8 2
Slide 27: RB – CA Italia
CRÉDIT AGRICOLE S.A. RB – CA ITALIA Loans outstanding* (€bn) Customer assets (€bn) Contribution to earnings Q3-25 ∆ Q3/Q3 9M-25 ∆ 9M/9M (in €m) +3.3% +1.3% Revenues 759 (0.7%) 2,303 (0.9%) ∆ Sept. / Sept. ∆ Sept. / Sept. 61.3 62.0 62.1 120.5 121.3 Operating expenses (383) (3.8%) (1,164) (4.5%) 117.4
Slide 28: RB – Other IRB
CRÉDIT AGRICOLE S.A. RB – OTHER IRB Loans outstanding Poland. Egypt. Customer assets Poland. Egypt. Ukraine (€bn) Ukraine (€bn) Contribution to earnings Q3-25 ∆ Q3/Q3 9M-25 ∆ 9M/9M (in €m) (1) (1) +7.9% +3.6% Revenues 238 (1.5%) 726 (5.3%) +6.5% +2.9% Operating expenses (122) (0.3%) (375) +3.8% 11.7
Slide 29: Corporate Centre
CRÉDIT AGRICOLE S.A. CORPORATE CENTRE Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Contribution to earnings Q3-25 ∆ Q3/Q3 9M-25 ∆ 9M/9M 48 (in €m) 18 41 Revenues 23 +313 (96) +569 1 44 39 ( 26) 7 Operating expenses (34) (17) (140) (52) ( 54) ( 60) Gross operating income (11) +296 (236) +517 ( 161) ( 48) -22 Cost o
Slide 30: Crédit Agricole Group Regional Banks
Crédit Agricole Group Regional Banks 30 3RD QUARTER AND NINE MONTHS RESULTS
Slide 31: Regional Banks
CRÉDIT AGRICOLE GROUP REGIONAL BANKS Loans outstanding (€bn) Customer assets (€bn) Regional Banks' Q3-25 ∆ Q3/Q3 9M-25 ∆ 9M/9M consolidated results (in €m) stated stated stated stated +1.3% +3.2% Revenues 3,404 +5.7% 12,271 +3.8% ∆ Sept/Sept ∆ Sept/Sept 923 932 Operating expenses (2,414) +1.2% (7,59
Slide 32: Annexes Economic scenario
Annexes Economic scenario THIRD QUARTER AND THE FIRST NINE MONTHS 2025 RESULTS 32
Slide 33: Resilience of growth in 2025 and recovery in 2026
APPENDICES RESILIENCE OF GROWTH IN 2025 AND RECOVERY IN 2026 France, Italy, Eurozone – GDP Growth France, Italy, Eurozone – Average annual Inflation (%) France Italy Zone euro 8.8 8 % 6.8 6.3 8.7 8.4 5.0 3.7 2.8 3 1.6 0.8 0.5 1.1 1.3 1.2 1.3 0.5 0.8 0.7 0.5 0.6 5.9 5.7 6.0 5.5 -2 2.6 2.3 2.4 -7 -6.2
Slide 34: Moderate upward pressure on interest rates
APPENDICES MODERATE UPWARD PRESSURE ON INTEREST RATES Equities (quarterly averages) Interest rates. in euros (%) EuroStoxx 50: spot +4.3% Q3/Q2; average +3.0% Q3/Q2 (+10.6% Q3/Q3) 4 % EURIBOR 3M Interest rates (month-end) 3 OAT 10Y 10-year OAT: +26 bp over the quarter and +61 bp vs Sept. 24 BUND 10Y
Slide 35: Earnings/Profitability
Appendices Earnings/Profitability THIRD QUARTER AND THE FIRST NINE MONTHS 2025 RESULTS 35
Slide 36: Q3-25 results (amounts in €m and Q3/Q3 change)
CRÉDIT AGRICOLE S.A. APPENDICES Q3-25 RESULTS (AMOUNTS IN €M AND Q3/Q3 CHANGE) Q3-25 Asset Wealth Asset IRB Corp. €m AG Ins. LC CIB SFS CAPFM CAL&F FRB IRB CA Italia Total Mgt. Mgt. servicing others center Revenues 1,866 675 797 394 2,099 1,582 516 883 695 189 982 997 238 759 23 6,850 Operating expe
Slide 37: 9M-25 results (amounts in €m then 9M/9M change)
CRÉDIT AGRICOLE S.A. APPENDICES 9M-25 RESULTS (AMOUNTS IN €M THEN 9M/9M CHANGE) 9M-25 Asset Wealth Asset IRB Corp. €m AG Ins. LC CIB SFS CAPFM CAL&F FRB IRB CA Italia Total Mgt. Mgt. servicing others center Revenues 5,894 2,192 2,460 1,242 6,731 5,174 1,557 2,632 2,075 557 2,922 3,030 726 2,303 (96)
Slide 38: Income statement – Q3-25 vs Q3-24 then 9M-25 vs 9M-24
CRÉDIT AGRICOLE S.A. APPENDICES INCOME STATEMENT – Q3-25 VS Q3-24 THEN 9M-25 VS 9M-24 Q3-25 Q3-24 ∆ Q3/Q3 9M-25 9M-24 ∆ 9M/9M €m Revenues 6,850 6,487 +5.6% 21,113 20,089 +5.1% Operating expenses (3,837) (3,689) +4.0% (11,528) (10,978) +5.0% Gross operating income 3,013 2,799 +7.7% 9,584 9,111 +5.2%
Slide 39: A stable, diversified and profitable business model
CRÉDIT AGRICOLE S.A. APPENDICES A STABLE, DIVERSIFIED AND PROFITABLE BUSINESS MODEL Revenues 9M-2025 by business line (excluding Net income Group share 9M-2025 by business Corporate Centre) (%) line (excluding Corporate Centre) (%) Large customers Asset Asset gathering Asset Asset Insurance Large se
Slide 40: RWA and allocated capital by business line
CRÉDIT AGRICOLE S.A. APPENDICES RWA AND ALLOCATED CAPITAL BY BUSINESS LINE Corporate centre; Insurance; 6% Asset gathering 10% Asset €53.6bn Asset Mngt; 5% 13% Wealth servici Large ng; 3% Mngt Risk-weighted assets Capital (1) customers 2% €137.7bn Sept. June Sept. Sept. June Sept. 33% LCL; 14% €bn 2
Slide 41: Distribution of share capital and number of shares
CRÉDIT AGRICOLE S.A. APPENDICES DISTRIBUTION OF SHARE CAPITAL AND NUMBER OF SHARES 30/09/2025 31/12/2024 30/09/2024 Breakdown of share capital Number of shares % Number of shares % Number of shares % SAS Rue La Boétie 1,921,090,370 63.0% 1,898,995,952 62.4% 1,898,995,952 62.8% (1) (2) Treasury share
Slide 42: Data per share
CRÉDIT AGRICOLE S.A. APPENDICES DATA PER SHARE (€m) Q3-2025 Q3-2024 9M-25 9M-24 ∆ Q3/Q3 Net income Group share 1,836 1,666 6,050 5,397 +10.2% - Interests on AT1, including issuance costs, before tax (268) (130) (409) (351) x 2.1 - Foreign exchange impact on reimbursed AT1 53 (19) 56 (266) n.m. NIGS
Slide 43: Alternative performance indicator: ROTE
CRÉDIT AGRICOLE S.A. ANNEXES ALTERNATIVE PERFORMANCE INDICATOR: ROTE € Bn 2019 2020 2021 Q1-2022 6m-2022 9m-2022 2022 Q1-2023 6m-2023 9m-2023 2023 Q1-2024 6m-2024 9m-2024 2024 Q1-2025 6m-2025 Net Income Group share stated 3,830 3,097 5,115 3,748 5,322 4,965 5,025 5,990 6,605 6,371 5,890 7,145 6,884
Slide 44: Risk indicators
Appendices Risk indicators THIRD QUARTER AND THE FIRST NINE MONTHS 2025 RESULTS 44
Slide 45: Exposure to French sovereign risk – Crédit Agricole S.A.
CRÉDIT AGRICOLE S.A. APPENDICES EXPOSURE TO FRENCH SOVEREIGN RISK – CREDIT AGRICOLE S.A Banking activity(4) (in billion euros) Financial assets at fair Financial assets at value through other Financial assets at Total 30/06/2025 fair value through comprehensive amortised cost Bank activity (3) profi
Slide 46: Exposure to French sovereign risk – Crédit Agricole Group
CRÉDIT AGRICOLE GROUP APPENDICES EXPOSURE TO FRENCH SOVEREIGN RISK – CREDIT AGRICOLE GROUP Banking activity(4) (in billion euros) Financial assets at fair Financial assets at fair value through other Financial assets at Total 30/06/2025 value through profit or comprehensive income amortised cost Ban
Slide 47: Cost of risk
CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. APPENDICES COST OF RISK 29 CACIB – Financing activities CAPFM 130 135 142 150 LCL 23 170 22 24 300 365 127 30 20 20 21 250 7 8 6 7 315 112 286 1 10 20 252 120 82 95 19 200 88 265 201 225 228 100 92 92 43 21 5 1 -10 7 1 78 150 215 7 14 12 2 70 -30 6 42 100 2
Slide 48: Risk indicators
CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. APPENDICES RISK INDICATORS Change in loans outstanding Crédit Agricole Group - Evolution of credit risk outstandings €m Sept. 24 Dec. 24 March 25 June 25 Sept. 25 Gross customer loans outstanding 1,189,387 1,210,126 1,208,120 1,212,138 1,218,838 of which: i
Slide 49: CAG and CASA exposure to corporate real estate limited and of high quality
CRÉDIT AGRICOLE GROUP APPENDICES CAG AND CASA EXPOSURE TO CORPORATE REAL ESTATE LIMITED Exposures (on- and off-balance sheet)/type of customer AND OF HIGH QUALITY (commercial real estate data(1) CAG end-June 2025) Limited exposure to commercial real estate(1) at end-June 2025 Real Estate companies a
Slide 50: Well-balanced corporate portfolio
CRÉDIT AGRICOLE S.A. APPENDICES WELL-BALANCED CORPORATE PORTFOLIO Crédit Agricole S.A. : €373bn of EAD(1) Corporate at 30/09/2025 NON BANKING FINANCIAL ACTIVITIES (55 Bn) 14.8% ELECRICITY (34 Bn) 9.2% REAL ESTATE (30 Bn) 8.1% OTHER (22 Bn) 6.0% → 72.3% of Corporate exposures are Investment Grade(2)
Slide 51: VaR – market risk exposures
CRÉDIT AGRICOLE S.A. APPENDICES RISK INDICATORS VaR – market risk exposures Crédit Agricole S.A. - Quaterly average of VaR (1 day, 99%, in m€) 18 16 14 11 13 Compensation Effects 12 11 14 10 11 10 11 6 6 Commodities 9 7 5 7 6 5 4 5 Fixed income 4 4 7 6 6 4 5 4 5 4 4 Credit 5 4 5 4 4 4 5 9 Foreign Ex
Slide 52: Financial structure and balance sheet
Appendices Financial structure and balance sheet THIRD QUARTER AND THE FIRST NINE MONTHS 2025 RESULTS 52
Slide 53: Financial structure and balance sheet
CRÉDIT AGRICOLE S.A. APPENDICES FINANCIAL STRUCTURE AND BALANCE SHEET Solvency (€bn) Phased-in 30/09/25 31/12/24 Share capital and reserves 32.6 30.9 Consolidated reserves 41.9 38.7 Other comprehensive income (2.9) (2.0) Net income (loss) for the year 6.0 7.1 EQUITY - GROUP SHARE 77.7 74.7 (-) Expec
Slide 54: Change in equity
CRÉDIT AGRICOLE S.A. APPENDICES FINANCIAL STRUCTURE AND BALANCE SHEET Change in Equity (€m) Non-controlling €m Group share Total Subordinated debt interests At 31 December 2024 74 710 8 601 83 311 29 273 Impacts of new standards ‐ ‐ ‐ Capital increase 86 - 86 Dividends paid out in 2025 (3 328) (562)
Slide 55: Balance sheet
CRÉDIT AGRICOLE S.A. APPENDICES FINANCIAL STRUCTURE AND BALANCE SHEET Balance sheet (€bn) Assets 30/09/2025 * * 31/12/2024 Liabilities 30/09/2025 ** 31/12/2024 * Cash and Central banks 173.0 162.3 Central banks 0.6 1.4 Financial assets at fair value through profit or loss 611.8 600.9 Financial liabi
Slide 56: Activity indicators
Appendices Activity indicators THIRD QUARTER AND THE FIRST NINE MONTHS 2025 RESULTS 56
Slide 57: Activity indicators – AG division
CRÉDIT AGRICOLE S.A. APPENDICES ACTIVITY INDICATORS – AG DIVISION Assets under management (€bn) ∆ €bn Sept. 23 Dec. 23 Mar. 24 Jun. 24 Sept. 24 Dec. 24 Mar. 25 Jun. 25 Sept. 25 Sept./Sept. Asset management – Amundi 1,973 2,037 2,116 2,156 2,192 2,240 2,247 2,267 2,317 +5.7% Savings/retirement 324 33
Slide 58: Activity indicators – AG division – Insurance
CRÉDIT AGRICOLE S.A. APPENDICES ACTIVITY INDICATORS – AG DIVISION – INSURANCE Life insurance outstandings (€bn) ∆ €bn Sept. 23 Dec. 23 Mar. 24 Jun. 24 Sept. 24 Dec. 24 Mar. 25 Jun. 25 Sept. 25 Sept./Sept. Unit-linked 89.6 95.4 98.7 99.8 102.8 104.1 105.7 108.4 112.2 +9.1% In Euros 234.6 234.9 236.2
Slide 59: Activity indicators – AG division – Insurance revenues
CRÉDIT AGRICOLE S.A. ACTIVITY INDICATORS – AG DIVISION – INSURANCE REVENUES Relative sensitivity Business Model Components Evolution and volatility factors estimated by model Average weight • Allocation of the CSM of the VFA model essentially depends on: Savings. o the evolution of outstandings (amo
Slide 60: Activity indicators – AG division – Insurance revenues
CRÉDIT AGRICOLE S.A. ACTIVITY INDICATORS – AG DIVISION – INSURANCE REVENUES Revenues by activity - 2024 proforma series (€m) Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q3/Q3 Savings, Retirement, Funeral (VFA) 473 568 411 512 505 587 495 +20.5% Death & disability (excl. funeral), Creditor, Group insur
Slide 61: Activity indicators – AG division – Amundi
CRÉDIT AGRICOLE S.A. APPENDICES ACTIVITY INDICATORS – AG DIVISION – AMUNDI Breakdown of assets under management by asset class (€bn) 16.4% 17.9% JVs & Victory/Distri US 8.5% 7.9% Treasury 18.1% Passive management 20.8% Real, alternative and structured 5.2% assets 4.6% 9.5% Equities 8.6% Multi-assets
Slide 62: Activity indicators – SFS division
CRÉDIT AGRICOLE S.A. APPENDICES ACTIVITY INDICATORS – SFS DIVISION Consumer finance Encours de collecte and leasing/factored / Encours de crédits (Mds€) revenues (€m) CAPFM OUTSTANDINGS Personal Finance & Mobility - Gross managed loans (€bn) Sept. 23 Dec. 23 Mar. 24 Jun. 24 Sept. 24 Dec. 24 Mar. 25
Slide 63: Activity indicators – FRB division
CRÉDIT AGRICOLE S.A. APPENDICES ACTIVITY INDICATORS – FRB DIVISION Customer assets and loans outstanding (€bn) LCL - Customer savings (€bn) Customer savings (€bn)* Sept. 23 Dec. 23 Mar.24 Jun. 24 Sept. 24 Dec. 24 Mars25 Juin 25 Sept. 25 ∆ Sept./Sept. Securities 14.2 13.8 15.7 14.4 14.6 14.8 14.7 14.
Slide 64: Activity indicators – FRB division
CRÉDIT AGRICOLE S.A. APPENDICES ACTIVITY INDICATORS – FRB DIVISION Revenues (€m) Revenues (€m) Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 T1-25 T2-25 Q3-25 ∆ Q3/Q3 Net interest income *,** 546 507 469 514 506 469 461 497 497 (1.8%) Home purchase savings plans (PEL/CEL) 52 6 0 1 0 0 0 -1 1 N.S. Net interest
Slide 65: ALM policy
CRÉDIT AGRICOLE GROUP APPENDICES ALM POLICY Principles of ALM for the banking portfolio LCL: Change in interest margin and impact of macro-hedging • Global interest rate risk quantified using static and dynamic measurements drawing on the calculation of interest rate gaps or impasses, year by year,
Slide 66: Loans outstanding deposits outstanding
CRÉDIT AGRICOLE S.A. APPENDICES Change in LCL’s balance sheet structure – between end-2021 and September 2025 Change in average customer rates (resources and loans) Loans outstanding Deposits outstanding € 173 bn € 164 bn Gradual repricing of the loan book. constrained by the usury rate & reduced pr
Slide 67: Activity indicators – RB division
CRÉDIT AGRICOLE GROUP APPENDICES ACTIVITY INDICATORS – RB DIVISION Customer assets and loans outstanding (€bn) Customer assets (€bn)* Sept. 23 Dec. 23 Mar. 24 Jun. 24 Sept. 24 Dec. 24 Mar. 25 Jun. 25 Sept. 25 ∆ Sept./Sept. Securities 46.7 47.5 49.4 46.8 48.4 47.8 49.3 49.3 50.2 +3.7% Mutual funds an
Slide 68: Activity indicators – RB division
CRÉDIT AGRICOLE GROUP APPENDICES ACTIVITY INDICATORS – RB DIVISION Fee and commission income breakdown/Evolution of credit risk outstandings (€m) €m Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 ∆ Q3/Q3 Services and other banking transactions 227 209 240 230 231 238 243 237 232 +0.5% Securit
Slide 69: Change in French retail banking new loans production
CRÉDIT AGRICOLE GROUP APPENDICES CHANGE IN FRENCH RETAIL BANKING NEW LOANS PRODUCTION LCL new loans production (excluding SGL) since 2018 (€bn) Average prod. Average prod. Average prod. Average prod. Average prod. Average prod. Average prod. Average prod. 6.8 6.8 7.3 8.2 8.8 7.3 8.9 10.5 11.9 11.2 9
Slide 70: Activity indicators – IRB division
CRÉDIT AGRICOLE S.A. APPENDICES ACTIVITY INDICATORS – IRB DIVISION Outstanding loans Q3-25 by entity 1% Italy 2% 8% Loans outstandings/On-balance sheet deposits/Revenues by entity and by type of customer (%) Poland Egypt CA Italy (€bn) * Sept 23 Dec 23 Mar 24 June 24 Sept 24 Dec. 24 Mar 25 June 25 S
Slide 71: Activity indicators – IRB division
CRÉDIT AGRICOLE S.A. APPENDICES ACTIVITY INDICATORS – IRB DIVISION Revenues (€m) IRB Italy - Changes in detailed revenues Revenues (€m) Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 ∆ Q3/Q3 0 Net interest income 459 450 450 453 447 449 424 433 430 (4.0%) Fee and commission Income 320 292 303
Slide 72: Credit Agricole Group
Appendices Credit Agricole Group THIRD QUARTER AND THE FIRST NINE MONTHS 2025 RESULTS 72
Slide 73: Contribution of the business lines to Q3-25 results
CRÉDIT AGRICOLE GROUP APPENDICES CONTRIBUTION OF THE BUSINESS LINES TO Q3-25 RESULTS Q3-25 €m RB LCL IRB AG SFS LC CC Total Revenues 3,422 982 1,020 1,844 883 2,099 (520) 9,731 Operating expenses (2,434) (638) (524) (969) (447) (1,246) 471 (5,787) Gross operating income 988 345 496 876 436 853 (49)
Slide 74: Contribution of the business lines to 9M-25 results
CRÉDIT AGRICOLE GROUP APPENDICES CONTRIBUTION OF THE BUSINESS LINES TO 9M-25 RESULTS 9M-25 €m RB LCL IRB AG SFS LC CC Total Revenues 10,138 2,922 3,099 5,861 2,632 6,730 (1,795) 29,586 Operating expenses (7,654) (1,860) (1,600) (2,768) (1,359) (3,862) 1,453 (17,651) Gross operating income 2,484 1,06
Slide 75: Income statement – Q3-25 vs Q3-24 and 9M-25 vs 9M-24
CRÉDIT AGRICOLE GROUP APPENDICES INCOME STATEMENT – Q3-25 VS Q3-24 AND 9M-25 VS 9M-24 €m Q3-25 Q3-24 ∆ Q3/Q3 9M-25 9M-24 ∆ 9M/9M Revenues 9,731 9,213 +5.6% 29,586 28,244 +4.8% Operating expenses (5,787) (5,590) +3.5% (17,651) (16,866) +4.7% Gross operating income 3,944 3,623 +8.9% 11,936 11,378 +4.9
Slide 76: Crédit Agricole Group
CRÉDIT AGRICOLE GROUP APPENDICES CRÉDIT AGRICOLE GROUP 9M Revenues and net income Group share by business line excluding Corporate Center (€m) Large Asset Large Asset customers Insurance Asset Asset servicing 7% gathering customers servicing gathering 21% Asset 5% management 19% 30% 5% Insurance 34%
Slide 77: Financial structure and balance sheet
CRÉDIT AGRICOLE GROUP APPENDICES FINANCIAL STRUCTURE AND BALANCE SHEET Solvency (€bn) Phased-in 30/09/25 31/12/24 Share capital and reserves 33.9 32.0 Consolidated reserves 109.3 103.0 Other comprehensive income (2.7) (1.8) Net income (loss) for the year 7.1 8.6 EQUITY - GROUP SHARE 147.6 141.9 (-)
Slide 78: Financial structure and balance sheet
CRÉDIT AGRICOLE GROUP APPENDICES FINANCIAL STRUCTURE AND BALANCE SHEET Balance sheet (€bn) Assets 30/09/2025 31/12/2024 * Liabilities 30/09/2025 31/12/2024 * * * Cash and Central banks 176.3 165.8 Central banks 0.6 1.4 Financial assets at fair value through profit or loss 621.8 607.5 Financial liabi
Slide 79: Legal risks
Appendices Legal risks THIRD QUARTER AND THE FIRST NINE MONTHS 2025 RESULTS 79
Slide 80: Legal risks
CRÉDIT AGRICOLE S.A. APPENDICES LEGAL RISKS The main current legal risks for Crédit Agricole S.A. and its fully-consolidated subsidiaries are described in the management report for financial year 2024, found in the 2024 Universal Registration Document. They will be updated in the Amendment A04 to th
Slide 81: Ratings
RATINGS THIRD QUARTER AND THE FIRST NINE MONTHS 2025 RESULTS 81
Slide 82: Financial ratings
CRÉDIT AGRICOLE S.A. APPENDICES FINANCIAL RATINGS(1) Notations Crédit Agricole S.A. - Ratings LT / ST Issuer / LT senior Outlook / Issuer / ST senior Last review Ratings Rating action Counterparty preferred debt Review preferred debt date S&P Global LT / ST ratings affirmed; AA-/A-1+ (RCR) A+ Stable
Slide 83: CASA's ratings reflect a well-diversified business model and sound financial management
CASA'S RATINGS (2) REFLECT A WELL-DIVERSIFIED BUSINESS MODEL AND SOUND FINANCIAL MANAGEMENT • “Sound earnings, cooperative status, and conservative capital policy support the Group’s very solid capital position.”.” • “Firm leader in the French retail banking market, generating good and predictable r
Slide 84: Non-financial rating
CRÉDIT AGRICOLE S.A. APPENDICES NON-FINANCIAL RATING AA CCC AAA AAA 1 20 10 17,7 Severe risk (100) Negligible risk (0) AA 2 C+ D- C+ … A- D+ A A- A- 1. ESG risk score on a reverse scale (100-0): the lower the score, the better the ESG risk 2. C+ is the best ESG rating assigned by ISS ESG in its Comm
Slide 85: List of contacts
LIST OF CONTACTS CRÉDIT AGRICOLE S.A. INVESTOR RELATIONS CONTACTS: CRÉDIT AGRICOLE PRESS CONTACTS: Institutional investors investor.relations@credit-agricole-sa.fr Alexandre Barat +33 1 57 72 12 19 alexandre.barat@credit-agricole-sa.fr Individual shareholders +33 800 000 777 relation@actionnaires.cr