Credit Agricole SA · EURONEXT:ACA
Credit Agricole SA — Debt Investor Presentation (November 2016)
78 slides from Credit Agricole SA's debt investor presentation, November 2016
Slide 1: Credit Update November 2016
Credit Update November 2016 AE CREDIT AGRICOLE S.A.
Slide 2: Contents
Contents 1 Crédit Agricole Group Q3-16 & 9M-16 Highlights 2 Simplified Group Structure 3 Financial Management 4 Risks 5 French Housing Market 6 Crédit Agricole Home Loan SFH 7 Crédit Agricole Public Sector SCF 8 Appendices 9 Contact list 3 Credit Update – November 2016
Slide 3: Section 1: Crédit Agricole Group Q3-16 & 9M-16 Highlights
SECTION 1: CRÉDIT AGRICOLE GROUP Q3-16 & 9M-16 HIGHLIGHTS 4 Credit Update – November 2016
Slide 4: Highlights
CRÉDIT AGRICOLE GROUP Q3-16 & 9M-16 HIGHLIGHTS Highlights Crédit Agricole Group* Good business momentum in all components: branch networks, business lines and large customers Results Q3 NIGS: €1,394m stated, €1,841m underlying(1), +4% Q3/Q3; 9M underlying(1): €4,705m & financial Regional Banks
Slide 5: Key figures
CRÉDIT AGRICOLE GROUP Q3-16 & 9M-16 HIGHLIGHTS Key figures Crédit Agricole Group Crédit Agricole S.A. Q3-16 9M-16 Q3-16 9M-16 Stated Net Income Group Share (NIGS) €1,394m €4,154m €1,864m €3,249m -20% Q3/Q3 -7% 9M/9M x2 Q3/Q3 +23% 9M/9M Underlying Net Income Group Share (NIGS*) €1,841m €4,705m €1,019
Slide 6: Good commercial momentum in all business lines
CRÉDIT AGRICOLE GROUP Q3-16 & 9M-16 HIGHLIGHTS Good commercial momentum in all business lines Retail branch networks Regional Banks LCL Cariparma Home loans +5.7% Home loans +3.2% Home loans +4.7% Consumer credit +8.4% Loans to corporates +7.4% Loans to large corporates +20.4% Demand deposits +11.7%
Slide 7: Crédit Agricole Group – 9M-16 income statement
CRÉDIT AGRICOLE GROUP Q3-16 & 9M-16 HIGHLIGHTS Crédit Agricole Group – 9M-16 income statement Specific items of 9M-16 Specific items of 9M-15 D 9M/9M €m 9M-16 9M-15 9M-16 underlying 9M-15 underlying underlying Revenues 22,524 (958) 23,482 23,805 261 23,544 (0.3%) Operating expenses (15,039) (41) (14
Slide 8: Crédit Agricole S.A. – 9M-16 income statement
CRÉDIT AGRICOLE GROUP Q3-16 & 9M-16 HIGHLIGHTS Crédit Agricole S.A. – 9M-16 income statement Specific items of 9M-16 Specific items of 9M-15 D 9M/9M €m 9M-16 9M-15 (1) 9M-16 underlying 9M-15 underlying underlying Revenues 12,275 (669) 12,944 12,905 261 12,644 +2.4% Operating expenses (8,713) (41) (8
Slide 9: Tight risk control in all business lines
CRÉDIT AGRICOLE GROUP Q3-16 & 9M-16 HIGHLIGHTS Tight risk control in all business lines Cost of risk on outstandings (in bps over a rolling four-quarter period) (1) Excl. the impact of Switch guarantee trigger and additional OFAC provision in Q2-15, Switch guarantee clawback (1) Excl. additional pro
Slide 10: Oil & Gas sector: a high-quality and resilient portfolio
CRÉDIT AGRICOLE GROUP Q3-16 & 9M-16 HIGHLIGHTS Oil & Gas sector: a high-quality and resilient portfolio Sector exposures (EAD(1)) down 11% since December 2015 (8% since June 2016) EAD(1): $ 20.6bn at end-September 2016, i.e. 1.7% of Crédit Agricole S.A.’s EAD EAD(1) in Exploration & Production and
Slide 11: Strong solvency and TLAC position
CRÉDIT AGRICOLE GROUP Q3-16 & 9M-16 HIGHLIGHTS Strong solvency and TLAC position: Credit Agricole exhibits no shortfall Current and 2019 requirements(1)(2) already fulfilled at 30/09/2016 Using fully-loaded CET1 ratios, current buffers of 665 bps (€35bn) for Crédit Agricole Group and 475 bps (
Slide 12: Credit Agricole S.A.'s ratings reflect Group credit fundamentals
CRÉDIT AGRICOLE GROUP Q3-16 & 9M-16 HIGHLIGHTS Crédit Agricole S.A.’s ratings reflect Crédit Agricole Group’s credit fundamentals Moody’s S&P Fitch Ratings LT / ST: A1 / P-1 LT / ST: A / A-1 LT / ST: A / F1 Outlook: stable Outlook: stable Outlook: positive Last rating action on 19/07/2016: Last rati
Slide 13: Debt ratings and 5 year CDS spreads
CRÉDIT AGRICOLE GROUP Q3-16& 9M-16 HIGHLIGHTS Crédit Agricole S.A.’s debt ratings and 5 year CDS spreads Long-term ratings Moody’s S&P Fitch Ratings Ratings Debt instrument Ratings Debt instrument Ratings Debt instrument LT senior Issuer Rating A1 A+ A+ unsecured debt LT senior Issuer Default Rati
Slide 14: Section 2: Simplified Group Structure
SECTION 2: SIMPLIFIED GROUP STRUCTURE 15 Credit Update – November 2016
Slide 15: Crédit Agricole Mutual Group: customer-focused universal banking model
SIMPLIFIED GROUP STRUCTURE Crédit Agricole Mutual Group: customer-focused universal banking model 8.8 mn(3) mutual shareholders Crédit Agricole S.A. Public Four business lines (of which 3.8% employees and 0.2% treasury shares) Retail Banking: LCL, 2,476(3) Local Credit Co-operatives Cariparma, CA Ba
Slide 16: Unchanged internal support mechanisms
SIMPLIFIED GROUP STRUCTURE Unchanged internal support mechanisms Crédit Agricole S.A. obligations under the Financial & Monetary Code Reciprocal binding Crédit Agricole S.A., as the Central Body and as a member of the Crédit Agricole Network commitments between is required (cf. Article L511-31) to
Slide 17: Plan to simplify Group's structure (Eureka) completed
SIMPLIFIED GROUP STRUCTURE Impact on Crédit Agricole S.A. Plan to simplify Group’s structure (Eureka) completed Completed on schedule: plan announced in February and operation completed in early August Immediate positive impact on level and quality of Crédit Agricole S.A.'s capital Financial imp
Slide 18: Section 3: Financial Management
SECTION 3: FINANCIAL MANAGEMENT 19 Credit Update – November 2016
Slide 19: Crédit Agricole Group: CET1 ratio 14.4%
FINANCIAL MANAGEMENT Crédit Agricole Group: CET1 ratio 14.4% Solvency ratio(1) (Basel 3) Fully-loaded CET1 ratio(1): 14.4% at 30/09/16 Capital generation thanks to high level of retained earnings: +16bps 19.0% 18.9% 19.2% Impact of unrealised gains: +8bps 15.5% 15.8% 15.8% 13.9% 14.2% 14.4% Stable
Slide 20: Resilient organic earnings generation capacity
FINANCIAL MANAGEMENT Resilient organic earnings generation capacity RWAs (€bn) Retained earnings(2) / RWAs 534 522 509 1.2% 495 477 1.0% 464* 0.9% 0.9% Dec. 11 Dec. 12 Dec. 13 Dec. 14 Dec. 15 Dec. 19 f Dec. 12 Dec. 13 Dec. 14 Dec. 15 Dec. 19 f Net income Group share (€bn) Retained earnings(2) / Net
Slide 21: Maximum Distributable Amount
FINANCIAL MANAGEMENT Maximum Distributable Amount Pro forma under 2017 ECB SREP methodology(1) Distributable items at Q3-16 Buffers above distribution restriction thresholds at 30/09/16 EUR 25.9bn(2) Crédit Agricole Group Crédit Agricole S.A. Buffer(3) to mandatory coupon restrictions Buffer(3) to m
Slide 22: TLAC & MREL ratios
FINANCIAL MANAGEMENT Crédit Agricole Group: TLAC & MREL ratios TLAC ratio at 30/09/2016 MREL ratio at 30/09/2016 19.7% excl. eligible senior debt vs. minimum 8.2%(3) excl. potentially eligible senior debt >1 year, requirement at end-2019 of 19.5%(1) incl. eligible senior exceeding the Group’s co
Slide 23: Crédit Agricole Group: liquidity
FINANCIAL MANAGEMENT Crédit Agricole Group: liquidity Stable surplus of long-term funding at 30/09/16: €104 bn Ratio of stable funding to LT assets also stable at 111.9% ASSETS LIABILITIES 1,066 1,072 1,072 1,066 Central Bank deposits (o/w cash & mandatory reserves) 33 37 Surplus : 93 94 ST market
Slide 24: Crédit Agricole Group: liquidity reserves
FINANCIAL MANAGEMENT Crédit Agricole Group: liquidity reserves Liquidity reserves Liquidity at end-December reserves 2015 (€bn) at 30/09/16 (€bn) 246 Assets eligible to Central Banks after ECB haircut 46 (immédiate access) 185 17 Self-securitisations eligible to Central Banks Reverse repos & other S
Slide 25: Diversified market funding sources
FINANCIAL MANAGEMENT Crédit Agricole Group: diversified market funding sources Crédit Agricole Group 2016 MLT senior + sub. issues - Crédit Agricole Group Breakdown by main issuers: €28.6bn at 30/09/2016 Highly diversified funding mix by instrument, investor base and targeted geographic area Amund
Slide 26: 2019 Financial Targets
FINANCIAL MANAGEMENT 2019 Financial Targets Regulatory At 30/09/16 2016-2019 requirement ratio Target LCR: the aim of the Group is to secure its Crédit Agricole compliance with regulatory requirements by >110% ~110% S.A 70% at 01/01/2016 maintaining a buffer of a magnitude of 10% The Group’s finan
Slide 27: Low asset encumbrance ratio
FINANCIAL MANAGEMENT Crédit Agricole Group: low asset encumbrance ratio Asset encumbrance disclosure EBA guidelines provide three disclosure templates (based on the reporting templates of asset encumbrance) and a box for narrative information to be filled in by institutions on the level of encumbr
Slide 28: Section 4: Risks
SECTION 4: RISKS 29 Credit Update – November 2016
Slide 29: Change in credit risk outstanding
RISKS Change in credit risk outstanding Crédit Agricole Group €m Sept. 15 Dec. 15 Sept. 16 Gross customer and interbank loans outstanding 828,232 833,777 864,234 of which: impaired loans 25,891 24,886 26,008 Loans loss reserves (incl. collective reserves) 21,555 20,817 21,057 Impaired loans ratio 3.
Slide 30: France and retail banking risks predominant
RISKS Crédit Agricole Group: France and retail banking risks predominant By geographic region Jun. 16 Dec. 15 By business sector Jun. 16 Dec. 15 Retail banking 49.6% 49.1% France (Retail) 40.3% 40.1% Non-merchant service / Public sector / Local authorities 10.5% 10.2% Energy 5.0% 5.2% France (Non-re
Slide 31: Crédit Agricole S.A.: market risk exposure
RISKS Crédit Agricole S.A.: market risk exposure Crédit Agricole S.A.’s VaR (99% - 1 day) is computed by taking into account the impact of diversification between the Group’s various entities VaR (99% - 1 day) at 30 September 2016: €10m for Crédit Agricole S.A. Change in the risk exposure of Cré
Slide 32: Section 5: French Housing Market
SECTION 5: FRENCH HOUSING MARKET 33 Credit Update – November 2016
Slide 33: Favourable structural fundamentals
FRENCH HOUSING MARKET Favourable structural fundamentals Strong demand-side factors % Ownership ratio in Europe (as a % of total households) 80 Lower rate of home ownership (64% of French households were owner-occupiers in 2014) compared with other European 60 countries. 40 A higher birth rate
Slide 34: Far more resilient than the rest of Europe
FRENCH HOUSING MARKET Far more resilient than the rest of Europe Housing price Indices The French market did not experience a bubble / excessive risk-taking, 400 Index base 100=1997 Q1 as seen in the US, the UK, Ireland and Spain between 1998 and 2007 300 The 2008-2009 recession put an end to th
Slide 35: Negative and positive economic environment factors
FRENCH HOUSING MARKET Negative and positive economic environment factors France: Housing prices Economic factors and high prices negatively affect demand and unemployment rate 20 6 GDP growth remains modest: 1.2% in 2015, 1.3% expected in 2016 and 2017. High unemployment rate: close to 10% in 20
Slide 36: Lending practices enhance borrower solvency
FRENCH HOUSING MARKET Lending practices enhance borrower solvency New housing loans : respective A cautious origination process 100% contribution of fixed and floating rates 90% In France, the granting of a housing loan is based on the 80% borrower’s ability to repay and not on the value and qua
Slide 37: Section 6: Crédit Agricole Home Loan SFH
SECTION 6: CRÉDIT AGRICOLE HOME LOAN SFH 38 Credit Update – November 2016
Slide 38: Crédit Agricole: leader in home finance
CRÉDIT AGRICOLE HOME LOAN SFH Crédit Agricole: leader in home finance Crédit Agricole Group is the unchallenged leader in French home finance €314.2bn in housing loans outstanding at end Q3-2016 Market share of 29.3% at end Q2-2016* Recognised expertise built on Extensive geographical cove
Slide 39: Crédit Agricole home loans: very low risk profile
CRÉDIT AGRICOLE HOME LOAN SFH Crédit Agricole home loans: very low risk profile Origination process relies on the borrower’s repayment capability Borrower risk is analysed through revenues and credit history checks (3 pay slips, most recent tax statement, bank statements, Banque de France record
Slide 40: A diversified guarantee policy
CRÉDIT AGRICOLE HOME LOAN SFH A diversified guarantee policy, adapted to clients’ risks and needs Mortgage French State guarantee for eligible borrowers in addition to a mortgage PAS loans (social accession loans) Guaranteed loans: growing proportion, in line with the French market Mainly
Slide 41: Issuer legal framework
CRÉDIT AGRICOLE HOME LOAN SFH Issuer legal framework Crédit Agricole Home Loan SFH (CA HL SFH), the Issuer A French credit institution, 100% owned by Crédit Agricole S.A. licensed by the French financial regulator (ACPR, Autorité de Contrôle Prudentiel et de Résolution) Formerly Crédit Agricol
Slide 42: Structural features
CRÉDIT AGRICOLE HOME LOAN SFH Structural features Home loans cover pool Home loans granted as security in favour of the SFH Self originated home loans by the Crédit Agricole Regional Banks or LCL Property located in France No arrears Overcollateralisation Allowing for the AAA rating of
Slide 43: Structure overview
CRÉDIT AGRICOLE HOME LOAN SFH Structure overview Legal privilege over all assets of the Issuer and the cover pool Investors Covered Bonds Collateral Proceeds Providers: Proceeds from the issuance of Covered Bonds will be used by No mismatch the Issuer to grant Crédit between Covered CA Home Loan S
Slide 44: Liquidity and market risk monitoring
CRÉDIT AGRICOLE HOME LOAN SFH Liquidity and market risk monitoring Liquidity and interest rate risks Average life of the cover pool (including overcollateralisation) has become 1,7y shorter than cover bonds ( CB) following the March 2016 LM exercise, which has also reduced the average coupon of
Slide 45: Cover pool at end-September 2016
CRÉDIT AGRICOLE HOME LOAN SFH Cover pool at end-September 2016 Total outstanding current € 29,417,909,175 balance Number of loans 652,894 Average loan balance € 45,058 Seasoning 98 months Remaining term 148 months WA LTV 55.64% Indexed WA LTV 55.31% 87.29% fixed Interest rates 12.71% variable, cappe
Slide 46: Programme features
CRÉDIT AGRICOLE HOME LOAN SFH Programme features Programme size €35bn > €40bn Rating Aaa by Moody’s, AAA by Standard & Poor’s, AAA by Fitch CB Governing laws French law, German Law, Australian Law Outstanding CB 41 series - 47 tranches CB Outstanding amount €20.63bn At end-September 2016 47 Credit U
Slide 47: Investor information
CRÉDIT AGRICOLE HOME LOAN SFH Investor information Crédit Agricole S.A. Home Loan SFH is registered with the Covered Bond label https://coveredbondlabel.com/issuer/73/ Investor information available on the Group website http://www.credit-agricole.com/en/Investor-and-shareholder/Debt/Wholesale-Bo
Slide 48: Section 7: Crédit Agricole Public Sector SCF
SECTION 7: CRÉDIT AGRICOLE PUBLIC SECTOR SCF 49 Credit Update – November 2016
Slide 49: CA Public Sector SCF's Key features
CRÉDIT AGRICOLE PUBLIC SECTOR SCF Key features CA Public Sector SCF’s objectives Expanding Credit Agricole’s export finance activities guaranteed by Export Credit Agencies (ECAs), acting in the name of Governments: a high credit quality/low margin business requiring low refinancing costs Diver
Slide 50: CACIB's Export Credit Agency (ECA) business
CRÉDIT AGRICOLE PUBLIC SECTOR SCF CACIB’s Export Credit Agency (ECA) business CACIB, 100% subsidiary of Crédit Agricole S.A., is an established leader in asset based finance Leader in aircraft finance among European banks Top player in shipping in the European and Asian markets Major player
Slide 51: CACIB's Export Credit Agency (ECA) business
CRÉDIT AGRICOLE PUBLIC SECTOR SCF CACIB’s Export Credit Agency (ECA) business ECA mix CACIB continues to dedicate important resources to the ECA business Origination capacity in more than 25 countries Product teams in Paris, in charge of structuring and of relations with ECAs Strong transact
Slide 52: Issuer legal framework
CRÉDIT AGRICOLE PUBLIC SECTOR SCF Issuer legal framework Crédit Agricole Public Sector SCF, the Issuer A French credit institution, 100% owned by Crédit Agricole S.A., licensed by the French financial regulator (ACPR, Autorité de Contrôle Prudentiel et de Résolution) Investor benefits provided
Slide 53: Structural features
CRÉDIT AGRICOLE PUBLIC SECTOR SCF Structural features Programme €10bn programme of Obligations Foncières, with €2bn of issues outstanding rated Aaa by Moody’s and AAA by Standard & Poor’s since launch Cover pool Loans fully guaranteed by ECAs acting on behalf of governments originated by CAC
Slide 54: Structure overview
CRÉDIT AGRICOLE PUBLIC SECTOR SCF Structure overview Legal privilege over all assets of the Issuer and the cover pool Proceeds from the issuance of Investors Covered Bonds will be used by the Issuer to grant Crédit Agricole S.A. Issuer Facilities, Covered Bonds Crédit Agricole S.A. will grant pr
Slide 55: Cover pool at end-September 2016
CRÉDIT AGRICOLE PUBLIC SECTOR SCF Cover pool at end-September 2016 Cover pool ECA mix €3.8bn (eq) drawn ECA loans* 2,5 2,0 Total commitment of €4.7bn (eq) 2,0 1,5 1,5 197 loans 1,0 0,70,6 0,60,6 0,5 0,40,4 0,20,1 0,10,1 0,10,0 0,10,0 0,00,0 0,10,0 Strongly rated guarantors (% of drawn amount
Slide 56: Cover pool: borrower country mix
CRÉDIT AGRICOLE PUBLIC SECTOR SCF Cover pool at end-September 2016 Cover pool Borrower country mix Borrower country mix Well diversified among 28 countries The contribution of Ireland results from the location of OTHER CHINA FINLAND 13% 12% 2% aircraft finance SPVs operated mainly by non-Irish
Slide 57: Programme features
CRÉDIT AGRICOLE PUBLIC SECTOR SCF Programme features Programme size €10bn > €40bn Rating Aaa by Moody’s, AAA by Standard & Poor’s CB Governing laws French Law, German Law Outstanding CB 2 series CB Outstanding amount €2bn At end-September 2016 Crédit Agricole S.A. Public Sector SCF is registered w
Slide 58: Section 8: Appendices
SECTION 8: APPENDICES 59 Credit Update – November 2016
Slide 59: 1. Key Data
1. KEY DATA 60 Credit Update – November 2016
Slide 60: Key Data: Crédit Agricole Group
KEY DATA Crédit Agricole Group Leading French co-operative bank Crédit Agricole Group: Sound financial fundamentals 8.8mn mutual shareholders and 2,476 Local Credit Co-operatives at Q3-16 & 9M-16 39 Regional Banks owning 57.4% of Crédit Agricole S.A. via SAS Stated Net income Group share:
Slide 61: Consolidated balance sheets at 30/09/16
KEY DATA Crédit Agricole S.A. and Crédit Agricole Group consolidated balance sheets at 30/09/16 €bn Assets CASA CA Group Liabilities CASA CA Group Cash and Central banks 29.0 31.8 Central banks 3.9 4.1 Financial assets at fair value through Financial liabilities at fair value 392.3 394.1 298.3 305.1
Slide 62: 2. Medium Term Plan Targets
2. MEDIUM TERM PLAN TARGETS 63 Credit Update – November 2016
Slide 63: 2019 Financial Targets
MEDIUM TERM PLAN TARGETS 2019 Financial Targets Crédit Agricole Of which Group Crédit Agricole S.A. Revenue growth1 >+1.5% >+2.5% 2019 cost / income ratio <60% <60% Cost of risk / outstandings <35bps <50bps 2019 Net income Group share >€7.2bn >€4.2bn 2019 RoTE >10% Fully-loaded CET1 16% ≥11% TLAC ex
Slide 64: 2019 Financial Targets by business line
MEDIUM TERM PLAN TARGETS 2019 Financial Targets by business line Revenues 2019 1 2019 RoNE2 2015-2019 CAGR Cost / income LCL ~+0.5% ~65% >16% Retail banking Cariparma ~+3% ~55% >16% Insurance Asset Asset management >+3% <45% >25% gathering Wealth management Specialised Consumer credit financial >+2.
Slide 65: 3. Capital
3. CAPITAL 66 Credit Update – November 2016
Slide 66: Capital: Crédit Agricole Group
CAPITAL Crédit Agricole Group Fully loaded Phased-in €bn 30/09/2016 31/12/2015 30/09/2016 31/12/2015 EQUITY, GROUP SHARE (ACCOUNTING AMOUNT) 98.1 92.9 98.1 92.9 Expected dividend payment on result of year Y (0.9) (1.1) (0.9) (1.1) Filtered unrealised gains / (losses) (issuer spread, cash flow hedge)
Slide 67: Crédit Agricole S.A.: CET1 ratio 12.0%
CAPITAL Crédit Agricole S.A.: CET1 ratio 12.0% Solvency ratio(1) (Basel 3) Fully-loaded CET1 ratio(1): 12.0% at 30/09/16 - NIGS excluding Eureka: +21bps 19.3% 18.8% 20.0% - Impact of the Eureka transaction (before distribution): 14.8% +72bps 13.9% 14.1% 12.0% - Exceptional decision to take into ac
Slide 68: Capital: Crédit Agricole S.A.
CAPITAL Crédit Agricole S.A. Fully loaded Phased in in €bn 30/09/2016 31/12/2015 30/09/2016 31/12/2015 EQUITY, GROUP SHARE (ACCOUNTING AMOUNT) 58.0 53.8 58.0 53.8 Expected dividend payment on result of year Y (1.7) (0.7) (1.7) (0.7) Filtered unrealised gains / (losses) (issuer spread, cash flow hedg
Slide 69: Non-deduction of insurance holdings
CAPITAL Non-deduction of insurance holdings The “Danish compromise” Non-deduction of insurance holdings according to Article 49(1) CRR In the case of banks within a financial conglomerate under Directive 2002/87/EC, the CRR provides for a specific prudential treatment of insurance holdings. As a g
Slide 70: Crédit Agricole S.A.: equity and subordinated debt
CAPITAL Crédit Agricole S.A.: equity and subordinated debt Group share Non-controlling €m Total Subordinated debt interests At 31 December 2015 53,813 5,622 59,435 29,424 Capital increase 1,321 - 1,321 Dividends paid out in 2016 (1,590) (262) (1,852) Dividends received from Regional Banks - - - and
Slide 71: 4. Liquidity
4. LIQUIDITY 72 Credit Update – November 2016
Slide 72: Construction of the cash balance sheet
LIQUIDITY Crédit Agricole Group: construction of the cash balance sheet After netting, the cash balance sheet amounts to €1,072bn at end-September 2016 Assets Liabilities €1,766bn €1,766bn Other netted balance sheet items (1) 52 52 o/w 21 Reverse repos 105 84 Repos o/w 64 Derivative instruments –
Slide 73: 5. Q3-16 & 9M-16 Business Line & Regional Bank Results
5. Q3-16 & 9M-16 BUSINESS LINE & REGIONAL BANK RESULTS 74 Credit Update – November 2016
Slide 74: Crédit Agricole S.A. results by business line
Q3-16 & 9M-16 BUSINESS LINE & REGIONAL BANK RESULTS Crédit Agricole S.A. results by business line Asset gathering French retail (Asset management, Large customers French retail International Specialised financial Corporate banking - Regional insurance and (CIB and asset Group €m Banks banking - LCL
Slide 75: Regional Banks
Q3-16 & 9M-16 BUSINESS LINE & REGIONAL BANK RESULTS Regional Banks Q3-16 Q3-15 ∆ Q3/Q3 €m Q3-16 Specific item s Q3-15 Specific item s (1) ∆ Q3/Q3 underlying underlying underlying Revenues 3,273 - 3,273 3,548 - 3,548 (7.7%) (7.7%) Operating expenses (1,980) - (1,980) (1,961) - (1,961) +1.0% +1.0% Gro
Slide 76: Regional Banks activity indicators
Q3-16 & 9M-16 BUSINESS LINE & REGIONAL BANK RESULTS Regional Banks Good business momentum contributing to the Activity indicators (€bn) development of all Crédit Agricole S.A. business lines Customer assets Loans outstanding Buoyant activity +3.6% +3.7% 634 Growth in customer assets still driven b
Slide 77: Section 9: Contact List
SECTION 9: CONTACT LIST 78 Credit Update – November 2016
Slide 78: Contact List
CONTACT LIST Olivier Bélorgey +33 1 57 72 18 52 Head of the Financial Management Department [email protected] Nadine Fedon +33 1 43 23 48 68 Global Head of Funding [email protected] General Manager of Crédit Agricole Home Loan SFH General Manager of Crédit Agric
Crédit Agricole — Debt Investor Presentation (November 2016) on 6ix