Credit Agricole Sa (CRARF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen. This is the conference operator. Welcome and thank you for joining the Credit Agricole Third 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 1 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 Ms. Clotilde Langevin, Deputy General Manager of Credit Agricole SA in charge of Finance and Steering Division. Please go ahead, madam. Thank you very much. Hello, everybody. Welcome. So a few comments on these Q3 results, which are very strong. So we have very high net income this quarter at 1.8 billion euros, an increase by 10.2% over the quarter. Part of this increase is linked to the completion of the acquisition of Santander's 30.5% stake in Caissez this quarter, with a retroactive cancellation of the minority interest already paid over the years for 79 million euros. But if you exclude this impact, net income grew by 3.3%, thanks in particular to sustained activity in all of the business lines. And this reflects the continued strength of our business model. We have integration processes, by the way, which are still well underway. If we look at figures, the revenues continue to increase strongly and regularly by 5.6% this quarter. Costs are under control, with a cost to income at the competitive level of 54.6% over nine months. And all of this allows us to post a very strong ROTE ratio of 15.4%. And finally, solvency is high at the CAVA level at 11.7%, and of course, as you know, very high at the group level at 17.6%. Now, if you turn to the ma...