Crédit Agricole (ACA) investor relations material

Executive summary

• Q2 2026 saw strong revenue growth (+7.7%) and high profitability, with all business lines contributing and a return on tangible equity of 14.3%.

• Net income Group share for Q2 2026 was €2,778m (+7.8% year-over-year), and for Crédit Agricole S.A. to €2,051m (+1.4% adjusted for Amundi US deconsolidation).

• 580,000 new customers were gained, with robust loan production in France and Italy, and dynamic savings and insurance activity.

• Strategic expansion in Italy, Germany, and France, with ongoing digital and AI investments, including a €500m AI program and launch of a dedicated AI entity.

• Major acquisitions included the integration of Milleis Group and increased stake in Banco BPM to 29.3%.

Financial highlights

• Group revenues reached €10.9bn in Q2 2026, up 12.9% year-over-year; Crédit Agricole S.A. revenues were €7.4bn, up 7.7%.

• Gross operating income rose 25.8% to €4,737m; cost/income ratio improved to 56.5% for the Group and 54.7% for S.A.

• Net income Group share for H1 2026 was €3,727m, down from €4,213m in H1 2025.

• Asset gathering and insurance posted record quarters, with insurance premium income at €15bn (+18%).

• Liquidity reserves at €475bn; LCR and NSFR ratios well above regulatory minimums.

Outlook and guidance

• The Group maintains strong solvency, with CET1 ratios at 17.2% for the Group and 11.3% for S.A.

• Continued focus on digital transformation, AI deployment, and European expansion, with further efficiency and customer growth expected.

• The 2028 Medium-Term Plan targets a TLAC ratio of around 27% of RWAs and LCR ratios above 110-130%.