PDF (3.77 Mo) - Le CrÃ©dit Agricole

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Crédit Agricole S.A.Update of the Registration document 2011 - A03CRÉDIT AGRICOLE GROUP CONSOLIDATED RESULTS(in millions of euros) Q2-12ChangeQ2/Q2H1-12ChangeH1/H1Revenues 8,398 (8.1%) 17,492 (3.5%)Operating expenses (5,319) +0.0% (10,545) (0.0%)Gross operating income 3,079 (19.5%) 6,947 (8.2%)Cost of risk (1,394) (12.4%) (3,504) +25.5%Operating income 1,685 (24.5%) 3,443 (28.0%)Equity affiliates 74 +12.4% 137 +5.3%Net income on other assets 44 nm 40 nmChange in value of goodwill (6) (98.4%) (6) (98.4%)Income before tax 1,797 (6.0%) 3,614 (20.2%)Tax (880) (9.1%) (1,881) (3.0%)Net gain on discontinued operations 2 (87.1%) 4 (69.2%)Net income 919 (4.4%) 1,737 (33.2%)Net income Group share 863 (2.1%) 1,667 (30.8%)In the second quarter, the Group enhanced its financial strength, with a Core Tier 1 (Basel 2.5) ratio of 11.3%, or110 basis points higher than at the end of 2011.The Group's loans outstanding rose by 3.9% year-on-year to 805.6 billion euros, due mainly to the 2.4% growth inlending over twelve months in French retail banking alone. In terms of funding sources, the Group's on-balancesheet customer deposits were up by 9.9% year-on-year, rising by over 61 billion euros to 678.1 billion euros. TheRegional Banks and LCL boosted their on-balance sheet deposits by 7.7% over the same period.Crédit Agricole Group's revenues fell by 8.1% year-on-year to 8,398 million euros in the second quarter of 2012.Over this period, despite the sluggish business climate, French retail banking remained strong, with a 1.3%increase in revenues.Expenses were controlled and remained stable.The cost of risk, which includes -377 million euros in cost of risk for Emporiki, declined by 12.4%. Excluding theimpact of the support plan to Greece, the cost of risk to loans outstanding represented 61 basis points in thesecond quarter of 2012, compared with 63 basis points in the second quarter of 2011.In all, net income Group share was 863 million euros in the second quarter of 2012, relatively stable bycomparison with the second quarter of 2011.Page 26 sur 237
Crédit Agricole S.A.Update of the Registration document 2011 - A03*****Crédit Agricole S.A.'s financial information for the second quarter of 2012 consists of this press release and the attached presentation. Allregulated information, including the registration document, is available on the website www.credit-agricole.com/Finance-and-Shareholdersunder "Financial information" and is published by Crédit Agricole S.A. pursuant to the provisions of article L. 451-1-2 of the Code Monétaireet Financier and articles 222-1 et seq. of the AMF General Regulation.INVESTOR RELATIONS + 33 1.43.23.04.31Denis Kleiber + 33 1.43.23.26.78Nathalie Auzenat + 33 1.57.72.37.81 Marie-Agnès Huguenin + 33 1.43.23.15.99Sébastien Chavane + 33 1.57.72.23.46 Aurélie Marboeuf + 33 1.57.72.38.05Fabienne Heureux + 33 1.43.23.06.38DisclaimerReview procedures have been conducted by the statutory auditors on the half-year consolidated summarised accounts. The statutory auditors' review reportis being issued.This presentation may include prospective information on the Group, supplied as information on trends. This data does not represent forecasts within themeaning of European Regulation 809/2004 of 29 April 2004 (chapter 1, article 2, §10).This information was developed from scenarios based on a number of economic assumptions for a given competitive and regulatory environment.Therefore, these assumptions are by nature subject to random factors that could cause actual results to differ from projections.Likewise, the financial statements are based on estimates, particularly in calculating market value and asset depreciation.Readers must take all these risk factors and uncertainties into consideration before making their own judgement.Applicable standards and comparabilityThe figures presented have been prepared in accordance with IAS 34.Page 27 sur 237
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