Credit Agricole Sa (CRARF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, this is the conference operator. Welcome and thank you for joining the Credi Agricole first quarter 2025 results conference call. As a reminder, all participants are in listen only mode. After the presentation, there will be an opportunity to ask questions by pressing star and one on your telephone. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Mr. Jérôme Grévé, Deputy Chief Executive Officer of Credi Agricole SA in charge of steering and control. Please go ahead, sir. Good morning or good afternoon, I don't know, depending on the time zone in which each of you is located. I'm happy to present these results today. We can go directly to page four of the presentation. I know the day is quite busy for analysts and I don't want to make it too long. So start directly with the key messages on these results where we can see that Credi Agricole SA and the group are posting this quarter record level in terms of revenue. Credi Agricole SA in addition is posting a very high return on tangible equity. The cost income ratios are stable or slightly increasing but at a very competitive level in both cases. And the cost of risk is also stable at a moderate level. Last point on this page, solvency ratios are very significantly improving on both perimeters and we are going to explain a little bit more in detail the reason why we see this significant improvement of the CET1 ratios. Last point on this page, we've continued as in every quarter to develop our activities with the conclusion of the progress of different strategic operation be it the creation of the joint venture with GAC in China for car leasing, be it the conclusion...