Credit Agricole Sa (CRARF) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.115 -- 00:00:03.982 Good afternoon, ladies and gentlemen. This is the conference operator. 00:00:03.982 -- 00:00:06.707 Welcome and thank you for joining 00:00:06.707 -- 00:00:12.879 the Credit Agricole Third Quarter 2025 Results Conference Call. 00:00:12.879 -- 00:00:16.726 As a reminder, all participants are in listen-only mode. 00:00:16.726 -- 00:00:21.194 After the presentation, there will be an opportunity to ask questions by pressing star 00:00:21.194 -- 00:00:26.216 and 1 on your telephone. Should anyone need assistance during the conference call, they 00:00:26.216 -- 00:00:31.822 may signal an operator by pressing star and zero on their telephone. 00:00:32.185 -- 00:00:35.810 At this time, I would like to turn the conference over to Ms. 00:00:35.810 -- 00:00:41.198 Clotilde Langevin, Deputy General Manager of Credit Agricole 00:00:41.198 -- 00:00:44.543 SA in charge of Finance and Steering Division. 00:00:44.543 -- 00:00:46.666 Please go ahead, madam. 00:00:46.666 -- 00:00:49.829 Thank you very much. Hello, everybody. Welcome. 00:00:49.829 -- 00:00:54.856 So a few comments on these Q3 results, which are very strong. 00:00:54.856 -- 00:01:00.063 So we have very high net income this quarter at 1.8 billion euros, 00:01:00.063 -- 00:01:04.249 an increase by 10.2% over the quarter. 00:01:04.249 -- 00:01:09.016 Part of this increase is linked to the completion of the acquisition of Santander's 30.5% 00:01:09.016 -- 00:01:14.343 stake in Caissez this quarter, with a retroactive cancellation of the minority 00:01:14.343 -- 00:01:17.639 interest already paid over the years for 79 million euros. 00:01:17.639 -- 00:01:22.065 But if you exclude this impact, net income grew by 3.3%, 00:01:22.065 -- 00:01:25.790 thanks in particular to sustained activity in...