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Crédit Agricole S.A.Update of the Registration document 2011 - A03CORPORATE CENTREIncome statement• Revenues: - €503m in Q2-12 vs +€43m inQ2-11• Impairment of Intesa Sanpaolo shares: €427m€m Q2-12 Q2/Q2 H1-12 H1/H1Revenues (503) nm (214) (22.0%)Funding costs (538) (4.5%) (1,080) (2.0%)Financial management (207) nm 513 (7.7%)Other 242 x2.2 353 29.7%• As a reminder, in Q2-11, significant increase ofthe financial management revenues due to thehigh profitability of inflation-indexed assets• Expenses down 5.7% YoY in H1Operating expenses (214) (15.4%) (437) (5.7%)Gross operating income (717) x3.4 (651) (11.7%)Cost of risk (20) (58.3%) (10) (76.3%)Operating income (737) x2.9 (661) (14.7%)Equity affiliates (24) nm (52) nmNet income on other assets 2 x2.3 (4) x6.1Income before tax (759) x3.0 (717) (7.5%)Tax 61 (51.2%) 4 (98.5%)Net income Group share (739) x4.4 (800) +30.8%53SECOND QUARTER AND FIRST HALF 2012 RESULTSTRENDS IN RISKRisk weighted assets per business line€bn Dec 11 June 12French retail banking 38.7 39.1- Regional Banks -* 1.0- LCL 38.7 38.1International retail banking 59.6 59.9Specialised financial services 56.7 54.0Asset management, insurance, private banking 15.3 16.7Corporate and investment banking 140.1 111.6- Financing activities 69.5 66.3- Capital market and investment banking 41.5 38.4- Discontinuing operations 29.1 6.9Corporate centre 23.3 20.9Total 333.7 302.2Of which credit risk 277.8 271.2Of which market risks 32.8 8.1Of which operational risks 23.1 22.9* Implementation of Switch guarantees at 23/12/2011 transferring to the Regional Banks the RWAs relative to Crédit Agricole S.A.’s stake in the Regional Banks54SECOND QUARTER AND FIRST HALF 2012 RESULTSPage 54 sur 237
Crédit Agricole S.A.Update of the Registration document 2011 - A03TRENDS IN RISKChange in credit risk outstandingCrédit Agricole S.A.€m June 11 Dec 11 June 12Gross customer and interbank loans outstanding 488,809 500,094 523,028of which: impaired loans 21,775 23,024 23,800Loans loss reserves (1) 14,553 15,979 16,816Impaired loan ratio 4.5% 4.6% 4.6%Ratio of reserves (excl. collective reserves) to impaired loans 51.2% 54.0% 55.1%Ratio of reserves (incl. collective reserves) to impaired loans 66.8% 69.4% 70.7%Regional Banks (aggregate from individual accounts – French GAAP)€m June 11 Dec 11 June 12Gross customer and interbank loans outstanding 381,325 388,255 391,885of which: impaired loans 9,255 9,161 9,472Loans loss reserves (1) 10,166 9,971 10,215Impaired loan ratio 2.4% 2.4% 2.4%Ratio of reserves (excl. collective reserves) to impaired loans 67.9% 68.7% 67.9%Ratio of reserves (incl. collective reserves) to impaired loans 109.8% 108.8% 107.8%Note: principal amount excluding lease finance transactions with customers, excluding Crédit Agricole internal transactions and accrued interest(1) Including collective reserves55SECOND QUARTER AND FIRST HALF 2012 RESULTSTRENDS IN RISKCost of risk on loans outstandingCrédit Agricole S.A.* (in bp)Crédit Agricole Group* (in bp)105 106 115 95817661 68731271097120 9176 361873 7483 788776675449 5663507447076206195652Q2-09 Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12(1)Q2-09 Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12* Excl. impact of European support plan to Greece in 2011 and 2012 Adjustment plan impactRegional Banks (in bp)LCL (in bp)impact of business sector and country risk provision &additional provision on Agos54415051462132404834225449714942 44 43383427 303428154Q2-09 Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12Q2-09 Q3-09 Q4-09 Q1-10 Q2-10 Q3-10 Q4-10 Q1-11 Q2-11 Q3-11 Q4-11 Q1-12 Q2-1256SECOND QUARTER AND FIRST HALF 2012 RESULTSPage 55 sur 237
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