Press release Montrouge, 16 December 2025 APPOINTMENTEric Vial is elected Chairman of the Board of Directorsof Crédit Agricole S.A. Crédit Agricole S.A.’s Board of Directors, which met on 16 December 2025, elected Eric Vial as Chairman. He succeeds Dominique Lefebvre and he will take up his duties on 1 January 2026. The Board of Directors unanimously made a point of commending Dominique Lefebvre’s work and commitment over his 10-year term of office. Biography Eric Vial was elected Chairman of Fédération ...

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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