credit agricole reports profit leap shares surge
Last Updated : GMT 03:09:26
Arab Today, arab today
Arab Today, arab today

Credit Agricole reports profit leap, shares surge

Arab Today, arab today

Arab Today, arab today Credit Agricole reports profit leap, shares surge

Paris - AFP

French bank Credit Agricole reported a net profit leap in the first quarter, saying that its regional banks and investment arm had done well. The parent and quoted holding company for the collection of regional banks, Credit Agricole SA (CASA), said that net profit in the first quarter had risen by 30.0 percent to 868 million euros ($1.2 billion). This was better than expected by analysts polled by the Bloomberg financial news agency, who had expected on average a figure of 848 million euros. The price of shares in the parent entity surged by 3.20 percent to 11.46 euros in morning trading to head the French CAC 40 index which was down 0.40 percent. The regional banking group operations raised net profit by 15.0 percent to 1.42 billion euros. The chief executive of CASA, Jean-Paul Chifflet, told a telephone press conference: "Our results are good even though the economy is sluggish." Net bnking income, which shows the bank's margin on taking in deposits and making loans, rose by 0.7 percent to 4.01 billion euros for CASA, and for the group of regional banks it rose by 1.1 percent to 7.75 billion euros. The regional retail banking activities, the LCL Credit Lyonnais subsidiary and international operations, made progress. The investment banking arm went against the trend for the sector and raised income by 3.2 percent. Overall provisions for doubtful loans fell by 20 percent, mainly because of an improvement in the Italian consumer credit business Agos Ducato. The group said that it was ahead of its solvency targets. Its ratio of shareholder funds to risks taken on was was 11.7 percent at the end of March, and was 9.0 percent for CASA, under Basel III post-crisis rules. It said it was aiming for a group ratio of 14.0 percent and for CASA of more than 10.5 percent in 2016.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

credit agricole reports profit leap shares surge credit agricole reports profit leap shares surge

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

credit agricole reports profit leap shares surge credit agricole reports profit leap shares surge

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday