Credit Agricole Sa (CRARF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone, I'm very happy to be here with you today. So I'm going to present the results for the second quarter, starting on page four. We're posting a record net income this quarter at 2.4 billion euros, an increase by 30.7 percent this quarter. Part of the strong increase is linked to the capital gain related to the consolidation of M&E U.S. net of non-controlling interest, but excluding this impact, net income grew by 14.1 percent this quarter. And so this performance reflects the continued strength of our business model. This quarter we witnessed dynamic activity across all the business lines and the steady flow of strategic transactions. We have integration processes well underway. Several operations concluded this quarter and several projects initiated or announced. And if we look at the figures, net income growth share growth stems from a strong revenue growth, 7 billion up 3.1 percent. Expenses under control with a cost to income ratio at the very competitive level of 53.9 percent this half year. And this allows us to post a very strong ROTE ratio of 16.6 percent this half year. And finally, solvency is high at CAESA at 11.9 and of course at the group level at 17.6. So all of this bodes very well for our medium-term outlook, which we will discuss on our capital markets day, which is planned on the 18th of November. I'm looking forward to seeing you there. If I move to the next slide, if we look a little bit more detail at the figures, for the group Celi-Agricole, net income growth share is up shortly, shortly, sorry, 30.1 percent this quarter to 2.6 billion euros. We have a very strong capital position and a stable and a low cost of risk on outstanding, very strong liquidity reserves, 471 billion. And for CAESA, net income growth share also grew sharply ...