PDF (3.77 Mo) - Le Crédit Agricole

Crédit Agricole S.A.Update of the Registration document 2011 - A03CONTENTSI. Crédit Agricole GroupKey messagesActivityBusiness and resultsFinancial structureII. Crédit Agricole S.A.Key messages and overview of resultsUpdate on adjustment planResults by business lineFinancial structureIII. Liquidity and fundingAppendices7SECOND QUARTER AND FIRST HALF 2012 RESULTSCRÉDIT AGRICOLE S.A.Key messagesResults held up well in adifficult climateReported net income Group share €111m in Q2-12Normalised net income Group share* €851m in Q2-12Good level of businessin Retail bankingFrench retail banking Loans outstanding +2.4% vs June 2011On-balance sheet deposits +7.7% vs June 2011Asset management AUM up €33bn on Dec. 2011Substantialimprovement insolvency ratioSignificant eventsCore Tier 1 ratio 9.6% (up 100bp vs Dec 2011)Equity investments: ownership interest in Intesa Sanpaolo dropped below 2%threshold (impairment of €427m), stake in Bankinter diluted to less than 20% inAugust and completion of the disposal of BES VidaEmporiki: binding offers submitted by several Greek banks in AugustBrokerage firms: in July, completion of the first tranche of the CLSA transactionand exclusivity period for CheuvreuxHigh facial tax rate due to non recognition of deferred tax assets, notably forGreece and Intesa Sanpaolo* Before: impairment of shares (Intesa Sanpaolo and Sacam International), Greece, revaluation of debt issues, adjustment plan8SECOND QUARTER AND FIRST HALF 2012 RESULTSPage 31 sur 237