Credit Agricole SA (XTER:XCA)
€ 12.98 -0.09 (-0.69%) Market Cap: 39.39 Bil Enterprise Value: -241.16 Bil PE Ratio: 7.00 PB Ratio: 0.56 GF Score: 75/100
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Credit Agricole SA Investor Day Transcript

Jun 06, 2019 / 08:00AM GMT
Release Date Price: €10.59
Philippe Brassac;dit Agricole S.A.;CEO
CrÃ

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Well, good morning, everyone. Thank you so much for being there. Thank you so much for being connected, too. It's really a pleasure for me to welcome you in Montrouge. Today, we present our new plan, a plan that is naturally built upon the success of the previous plan since we succeeded to reach 1 year ahead of schedule almost all of the targets we had set in 2016. And as we do not see any glass ceiling over our heads, the first key message is observably that we will amplify and that we will accelerate. We will amplify and accelerate on our current and successful momentum.

And for this new plan, let me immediately spoil the suspense with a few figures. We shall target higher net income, above EUR 5 billion for 2022, a return on tangible equity above 11%. 10% was our previous target. And the solvency maintained around 11% within the group ratio significantly above the 16% level. And we add, and this is a very, very important point, that we secure these objectives by saying that we can reach them even under the assumption

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