Crédit Agricole 2016 - Financial objectives of Crédit Agricole Group and Crédit Agricole SA
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The document discusses Crédit Agricole Group's financial performance, highlighting an average annual revenue growth, a cost/income ratio of under 60%, and a significant investment program with revenues reaching €19.5 billion in retail banking. It also mentions the group's cost-saving measures and solvency metrics, such as a CET1 ratio of 14.0% and profitability targets for 2016. Additional details include mutual shareholders' growth, asset management figures, and pay-out ratios for previous years.
Crédit Agricole 2016 - Financial objectives of Crédit Agricole Group and Crédit Agricole SA
- 1. Crédit Agricole Group average annual revenue growth Crédit Agricole Group cost / income ratio Crédit Agricole Group cost of risk / outstandings (bp) Revenues1 in Retail Banking, France Revenues2 in Europe (excl. France) Additional intra-group synergies Investment programme Amundi: assets under management Mutual shareholders c. +2% p.a. < 60 % c. 40 c. €19.5 billion + 12 % + €850 million c. €3.7 billion €1,000 billion 10 million BUSINESS Cost-saving programme Crédit Agricole Group NIGS Crédit Agricole S.A. NIGS Crédit Agricole S.A. RoTE Crédit Agricole S.A. pay-out ratio on 2015 and 2016 results (assumption) - €950 million > €6.5 billion > €4 billion 12 % 50 % PROFITABILITY Crédit Agricole Group CET 1 Basel 3 fully loaded ratio 14,0 % SOLVENCY 2016 TARGETS CREDIT AGRICOLE OUR CLIENTS, AT THE CORE OF A GROUP IN MOTION 2016 1. Crédit Agricole Group revenues estimations 2. Business view, pro forma for equity-accounted entities under proportionate method in 2013, restated for CVA/DVA and loan hedges