Caisse Régionale de Crédit Agricole Mutuel de Paris et d'Ile-de-France (CAF) investor relations material

Executive summary

• Strong commercial activity in H1 2026 with credit outstandings up 6.6% year-over-year, driven by housing, corporate, and professional segments; over 50,000 new clients and significant growth in client equipment.

• Consolidated net banking income rose 11% to €600.3 million, and net income attributable to the group increased 17.2% to €161 million compared to H1 2025, supported by higher intermediation margins and commission growth.

• The period saw the consolidation of FCT Crédit Agricole Habitat 2026 following a €1.05 billion securitization of housing loans.

• Continued digital transformation and social impact initiatives, including new digital banking features and innovative social financing products.

Financial highlights

• Net banking income: €600.3 million (+11% YoY); operating income: €241 million (+23.1% YoY); net income: €161 million (+17.2% YoY).

• Operating expenses increased by 4.1% to €359 million, reflecting investments in human resources and digital transformation.

• Cost of risk rose 10.7% to €43 million, mainly due to higher provisions on impaired loans (Stage 3), but the impaired loan ratio remained stable at 1.2%.

• Total assets grew by 6.4% to €81,298 million, mainly from increased client loans.

• Client deposits rose by €1.3 billion, strengthening the funding base and benefiting from a rebound in non-remunerated demand deposits and 15% growth in term deposits.

Outlook and guidance

• The macroeconomic scenario remains cautious, with persistent geopolitical risks and high energy prices expected to weigh on growth and inflation in the Eurozone and France.

• The bank anticipates continued vigilance from central banks and expects moderate growth in France (0.6% in 2026, 0.8% in 2027) with inflation peaking in 2026 before easing.

• Maintains a strong liquidity position and robust capital base to support ongoing client projects and transitions amid limited macroeconomic visibility.

• Focus on further digital innovation and social responsibility initiatives to enhance client experience and regional impact.