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Crédit Agricole holds up to the crisis

2020-08-06T17:13:49.886Z

The bank posted 954 million euros in profits, down 22%. She is optimistic for the recovery.



"Crédit Agricole coped without damage to the shock quarter of containment" , welcomes Philippe Brassac, general manager of Crédit Agricole SA (Casa). The universality model enabled us to post solid performances. ” The Green Bank has shown resilience during this unprecedented crisis. Casa, the listed entity of the group, posted a net profit of 954 million euros in the second quarter, down 21.9%.

Read also: Crédit Agricole has tripled the provisions for credit arrears

This allows him to join the small club of European listed banks resistant and prosperous, led by BNP Paribas (2.3 billion euros in profits). These institutions stand out clearly from Natixis (loss of 57 million euros) and Société Générale (loss of 1.26 billion euros), both again in the red between April and June.

Lower costs and the good performance of corporate and investment banking (Cacib) and market activities enabled Crédit Agricole to resist the turnaround. However, Cacib's accounts have

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Source: lefigaro

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