Core Viewpoint - Credit Agricole SA has ruled out any sale of its Italian subsidiary for cash, indicating a strategic focus on potential partnerships rather than divestitures [1] Group 1 - The CEO of Credit Agricole SA stated that the bank is considering a potential tie-up with Italian peer Banco BPM, suggesting an interest in collaboration within the Italian banking sector [1]

Core Insights - The bank is implementing a new three-year plan aimed at expanding its operations outside its home market [1] - The target is to increase its customer base to 60 million, up from approximately 54 million currently [1] Company Strategy - The focus of the new plan is on international growth and customer acquisition [1] - The bank is looking to diversify its market presence beyond its domestic operations [1]

Core Viewpoint - Credit Agricole SA has set new profit and cost targets for the year 2028, indicating a strategic focus on enhancing financial performance and operational efficiency [1] Group 1: Profit Targets - The company aims to achieve significant profit growth by 2028, reflecting its commitment to improving overall financial health [1] Group 2: Cost Targets - Credit Agricole SA has outlined specific cost reduction goals, which are expected to contribute to the overall profitability and sustainability of the business by 2028 [1]

Group 1 - Credit Agricole has set a new net profit target of more than 8.5 billion euros ($9.0 billion) by 2028, exceeding analyst expectations [1] - The announcement reflects the bank's strategic interest in expanding its operations in Italy [1]

Core Viewpoint - Crédit Agricole S.A. has launched its medium-term strategic plan, ACT 2028, aiming to become a leading bank in Europe, focusing on transitions and new technologies while enhancing growth and transformation [2][4]. Financial Targets - The plan targets an average annual revenue growth of over 3.5% from 2024 to 2028, with a net income group share exceeding €8.5 billion by 2028 [6][50]. - The cost/income ratio is aimed to be below 55% by 2028, and a Return on Tangible Equity (ROTE) above 14% is also targeted [6][50]. Customer Growth - Crédit Agricole S.A. aims to reach 60 million customers by the end of 2028, with nearly 60% of revenues generated outside France [4][6]. - The group plans to capture over 8 million new customers in France and expand its customer base in Italy to 6.5 million by 2028 [11][4]. Strategic Objectives - The strategic plan emphasizes five key levers for growth: consolidating retail banking leadership in France, scaling development in Europe, strengthening presence in Asia, seizing opportunities in private markets, and asserting as a key driver of transitions [7][20]. - The group aims to develop a digital savings platform in Europe targeting over €40 billion in assets outside France by 2028 [13]. Transformation Initiatives - Transformation is central to the plan, focusing on operational efficiency, innovation, and risk management [23][31]. - The group plans to invest in AI and data to enhance customer capture and efficiency, aiming to reduce administrative task time by 20% and double the speed of market offers [24][27]. Cohesion and Team Engagement - The plan highlights the importance of team cohesion and engagement, with initiatives to empower employees and promote a culture of trust [33][36]. - By 2028, the group aims for 100% of target skills to be mapped and to have 50% women and 30% international profiles in strategic talent pools [34].

Core Points - Crédit Agricole S.A. has decided to reduce its share capital by cancelling 22,886,191 treasury shares, which represents approximately 0.75% of the total share capital [1][2] - The cancellation of shares is effective from 13 November 2025, following the authorization from the General Meeting of Shareholders on 22 May 2024 [1] - After the cancellation, the total share capital of Crédit Agricole S.A. will amount to 9,077,707,050 euros, consisting of 3,025,902,350 shares, with 583,317 treasury shares remaining under a liquidity agreement [3] Share Repurchase Program - The treasury shares were acquired under a share repurchase program conducted between 1 October 2025 and 30 October 2025, aimed at offsetting the dilutive effect of a capital increase reserved for employees [2] - The total expenditure for the share repurchase program was 374,414,014 euros, as decided by the Board of Directors on 14 May 2025 [2]

Core Points - Crédit Agricole S.A. has decided to reduce its share capital by cancelling 22,886,191 treasury shares, which represents approximately 0.75% of the total share capital [1] - The cancellation of shares is effective from 13 November 2025, following the authorization from the General Meeting of Shareholders held on 22 May 2024 [1] - The shares were repurchased under a program conducted between 1 October 2025 and 30 October 2025, with a total expenditure of 374,414,014 euros, aimed at offsetting the dilutive effect of a capital increase reserved for employees [2] - After the cancellation, Crédit Agricole S.A.'s share capital will amount to 9,077,707,050 euros, consisting of 3,025,902,350 shares, including 583,317 treasury shares held under a liquidity agreement [3]

Core Points - Crédit Agricole S.A. has announced the redemption of its outstanding ¥17,700,000,000 Japanese Yen Callable Senior Non-Preferred Bonds, which were issued on December 7, 2022 [2][3] - The redemption will occur at a price equal to 100% of the principal amount plus accrued interest, with the Redemption Amount due on December 7, 2025 [2][3] - If December 7, 2025, is not a business day, the payment will be made on the next business day, December 8, 2025, without any additional interest for the delay [3] Redemption Details - The formal notice of redemption will be provided to the bondholders in accordance with the Conditions of the Bonds [4] - The bonds will cease to bear interest on the redemption date unless the Redemption Amount is improperly withheld or refused [3]

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Press release Montrouge, October 31st, 2025 Capital: notification of the level of Pillar 2 additional requirement The European Central Bank (ECB) has notified Crédit Agricole Group and Crédit... Read More ...