Credit Agricole Sa (CRARF) Q2 2025 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.000 -- 00:00:03.620 Hello everyone, I'm very happy to be here with you today. 00:00:03.620 -- 00:00:09.240 So I'm going to present the results for the second quarter, starting on page four. 00:00:09.240 -- 00:00:14.440 We're posting a record net income this quarter at 2.4 billion euros, an increase 00:00:14.440 -- 00:00:17.780 by 30.7 percent this quarter. 00:00:17.780 -- 00:00:22.660 Part of the strong increase is linked to the capital gain related to the consolidation 00:00:22.660 -- 00:00:28.160 of M&E U.S. net of non-controlling interest, but excluding this impact, net 00:00:28.160 -- 00:00:33.540 income grew by 14.1 percent this quarter. And so this performance reflects 00:00:33.540 -- 00:00:36.400 the continued strength of our business model. 00:00:36.400 -- 00:00:41.480 This quarter we witnessed dynamic activity across all the business lines and the steady 00:00:41.480 -- 00:00:43.740 flow of strategic transactions. 00:00:43.740 -- 00:00:46.780 We have integration processes well underway. 00:00:46.780 -- 00:00:51.440 Several operations concluded this quarter and several projects initiated or announced. 00:00:51.440 -- 00:00:56.800 And if we look at the figures, net income growth share growth stems from a strong revenue 00:00:56.800 -- 00:01:01.860 growth, 7 billion up 3.1 percent. Expenses under 00:01:01.860 -- 00:01:07.140 control with a cost to income ratio at the very competitive level of 53.9 percent this 00:01:07.140 -- 00:01:12.220 half year. And this allows us to post a very strong ROTE ratio 00:01:12.220 -- 00:01:17.400 of 16.6 percent this half year. And finally, solvency is 00:01:17.400 -- 00:01:23.780 high at CAESA at 11.9 and of course at the group level at 17.6. 00:01:23.780 -- 00:01:28.420 So all of this bodes very well for our me...