Credit Agricole Sa (CRARF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, this is the conference operator. Welcome and thank you for joining the Credit Agricole Second Quarter and First Half 2026 Results Conference Call. As a reminder, all participants are in listen-only mode and after the presentation there will be an opportunity to ask questions by pressing star and 1 on your telephone. Should anyone need assistance during the conference call, they may signal an operator by pressing star and 0 on their telephone. At this time, I would like to turn the conference over to Monsieur Olivier Gavalda, Chief Executive Officer of Credit Agricole. Please go ahead, sir. Thank you. Good morning, everyone. It's a pleasure for me to share with you the strong results published this morning by Credit Agricole SA. Clotilde will present them extensively in a few minutes, but before, let me share with you a few key highlights, both on financials and on recent important developments, illustrating the fact that Credit Agricole Group is on the move. Let me start with the results we released this morning. Credit Agricole SA is posting high results of 2.1 billion euros this quarter, up plus 1.4% on pro forma basis. This thanks to two elements. First of all, a very strong growth in revenues, plus 7.7% quarter over quarter, resulting from the dynamic activity observed in all business lines. Revenues reached their highest level this quarter at 7.4 billion euros. Secondly, high profitability as we are posting for H1-26, a cost-to-income ratio below 55%, precisely 54.7%, and a return on tangible equity above 50%. 14% up 14.3%. Based on these very solid results in H-126, we will pay our first interim dividend amounting to 57 cents per share on the 15th of October. This corresponds to 50% of our H1 distribution table results, consistently with our distr...