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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Half Year 2022 Credit Agricole SA Earnings Call Transcript

Aug 04, 2022 / 12:00PM GMT
Release Date Price: €9.45 (+3.64%)
Operator

Ladies and gentlemen, welcome to the Credit Agricole Half Year 2022 Results Conference Call.

I would like now to hand over to Jerome Grivet, Group CFO. Sir, please go ahead.

Jerome Grivet;dit Agricole S.A.;Deputy GM;Head of Steering Division
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Thank you. Good afternoon, everyone. Happy to present those results for the second quarter and the first half of 2022, which are indeed very good results. So I'll try to speed in the presentation itself and to leave time for your questions afterwards. Let me start on Page 4 with the results of CASA. What you can see for CASA is that the top line is very dynamic, plus 6.2% this quarter and close to 7% up for the first half of the year. There is a positive jaws effect. The cost of risk is down this quarter, minus 20%. And all in all, this is leading to a net profit underlying of EUR 1.9 billion, up 18% as compared to 2021. And the solvency is up by 30 bps at 11.3%.

If I go now on Page 5 for the figures for the group globally, what we can see is

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