Paris, 08 november 2016

Strong growth of net profit and strengthened financial solidity

Contribution to growth from all business lines

Crédit Agricole Group*

  • Good commercial momentum throughout the Group: branch networks, business lines, large customers
  • Q3 net income Group share: €1.4bn stated, €1.8bn underlying1, +4% Q3/Q3; 9M underlying1 €4.7bn
  • Regional Banks: high net income Group share at €0.78bn in Q3; 9M: €2.4bn
  • Financial solidity further strengthened to record level: fully-loaded CET1 ratio2 14.4%
    * Crédit Agricole S.A. and 100% of Regional Banks

Crédit Agricole S.A.

  • Good commercial momentum in all business lines
  • Underlying revenues1:+12% Q3/Q3
  • Strong growth in Large Customers (revenues +38% Q3/Q3) and initial recurring benefits of Eureka Results
  • Group simplification (Eureka) completed: €1.25bn positive impact on net income Group share
  • Q3 net income Group share stated: €1.86bn; underlying (1) €1.02bn, +27% Q3/Q3
  • Tight cost control: down -2% Q3/Q3
  • Firm grip on risk in all business lines: cost of credit risk 41bp Financial solidity
  • Financial solidity confirmed and further strengthened: fully-loaded CET1 ratio (2) of 12.0%
  • Buffer of 475bp above the distribution restriction trigger applicable as of 1/1/2017 (3)
  • Attractive dividend policy, based on strong capital base and good visibility of future earnings capacity
  • Intention to recommend a dividend of €0.604 based on FY-2016 net income; from 2017 onwards, 50% payout rate and intention not to lower dividend relative to 2016
    (1) See Appendix, page 24 of this press release for details of specific items for the third quarter and first nine months of 2016 and comparable data for 2015.
    (2) Including unaudited Q3-16 net income.
    (3) 465bp using the phased-in CET1 ratio, subject to confirmation by the ECB of the pre-notification of SREP requirements for 2017
    (4) Dividend of 0.60€ per share entirely deducted from the CET1 capital as of 30/09/2016.

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Crédit Agricole SA published this content on 08 November 2016 and is solely responsible for the information contained herein.
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Original documenthttp://www.credit-agricole.com/en/Investor-and-shareholder/Press-Releases/Third-quarter-and-first-nine-months-2016-results

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