Core Points - The European Central Bank (ECB) has notified Crédit Agricole Group regarding the level of Pillar 2 additional requirement [1] Group 1 - The notification pertains to the capital requirements that the ECB has set for Crédit Agricole Group [1] - This requirement is part of the regulatory framework aimed at ensuring the stability and resilience of financial institutions [1] - The specific level of the Pillar 2 additional requirement has not been disclosed in the press release [1]

Core Points - The European Central Bank (ECB) has set the Pillar 2 capital requirements for Crédit Agricole Group and Crédit Agricole S.A. to remain unchanged at 1.80% and 1.65% respectively, effective from January 1, 2026 [2] - Crédit Agricole Group is required to maintain a CET1 ratio of at least 10.4% from January 1, 2026, which includes various capital buffers [3] - Crédit Agricole S.A. must achieve a CET1 ratio of at least 8.8% from January 1, 2026, also incorporating applicable capital buffers [4] - As of September 2025, Crédit Agricole Group's phased-in CET1 ratio was reported at 17.6%, indicating strong solvency compared to other European systemic banks [4] - Crédit Agricole S.A. benefits from a legal solidarity mechanism and had a phased-in CET1 ratio of 11.7% at the end of September 2025 [5]

Core Points - Crédit Agricole S.A. has completed its share repurchase program, which started on 1 October 2025 and ended on 30 October 2025 [2] - A total of 22,886,191 shares were repurchased at an aggregate cost of 374,414,014 euros [2] - The purpose of the repurchase was to offset the dilutive effect of a capital increase reserved for employees, with the repurchased shares set to be cancelled [3] - The transaction resulted in a decrease of 9 basis points in Crédit Agricole S.A.'s CET1 ratio and a decrease of 6 basis points for the Crédit Agricole group [3] - The execution of the existing liquidity agreement with Kepler Cheuvreux was temporarily suspended during the share repurchase program and will now resume [4]

Core Points - Credit Agricole S.A. has announced the redemption of its outstanding USD Undated Deeply Subordinated Additional Tier 1 Fixed Rate Resettable Notes, which were issued on January 19, 2016 [1] Summary by Category Company Actions - The company is redeeming its USD Undated Deeply Subordinated Additional Tier 1 Fixed Rate Resettable Notes, indicating a strategic move to manage its capital structure [1] Financial Instruments - The notes being redeemed were issued in 2016, reflecting the company's ongoing adjustments to its financial instruments and obligations [1]

Core Points - Crédit Agricole S.A. announced the redemption of its outstanding USD Undated Deeply Subordinated Additional Tier 1 Fixed Rate Resettable Notes, with a total nominal amount of USD 457,689,000 remaining after a previous tender offer [2][3] - The redemption will take effect on December 23, 2025, and the holders of the notes will receive the redemption amount along with any accrued interest [2][4] - The company previously repurchased USD 792,311,000 of the notes through a tender offer conducted on September 2, 2025 [3] Summary by Sections - **Redemption Announcement** - The redemption of the notes is pursuant to Condition 7.2 of the terms and conditions included in the prospectus dated January 13, 2016 [2] - The redemption amount will be due and payable on the redemption date, and interest will cease to accrue on that date [4] - **Tender Offer Details** - The tender offer allowed the repurchase of a significant portion of the notes, leaving a remaining balance of USD 457,689,000 [3] - **Communication and Legal Considerations** - The press release does not constitute an offer to buy or sell the notes in certain jurisdictions, and specific legal and regulatory restrictions may apply [5][6][8]

Core Viewpoint - Crédit Agricole S.A. has announced the redemption of its outstanding USD Undated Deeply Subordinated Additional Tier 1 Fixed Rate Resettable Notes, with a total nominal amount of USD 457,689,000 remaining after a previous tender offer [2][3]. Group 1: Redemption Details - The redemption will take effect on December 23, 2025, and will include the outstanding nominal amount along with any accrued interest [2][4]. - The issuer previously repurchased USD 792,311,000 of the Notes through a tender offer conducted on September 2, 2025 [3]. Group 2: Terms and Conditions - On the redemption date, the redemption amount will be due and payable, and the Notes will cease to bear interest unless the redemption amount is improperly withheld [4]. - Holders of the Notes will receive formal notice of the redemption in accordance with the terms and conditions outlined in the original prospectus [4].

Core Insights - Credit Agricole SA reported a 10% increase in third-quarter profit, surpassing expectations [1] - The profit increase was attributed to the revaluation of its increased stake in Banco BPM and a rise in investment banking revenues [1] Financial Performance - The third-quarter profit growth of 10% indicates strong financial performance relative to market expectations [1] - The increase in investment banking revenues contributed significantly to the overall profit growth [1] Strategic Moves - Credit Agricole's decision to mark up the value of its stake in Banco BPM reflects a strategic investment approach [1] - The focus on enhancing investment banking operations suggests a commitment to diversifying revenue streams [1]

Core Insights - Crédit Agricole S.A. reported strong financial results for Q3 2025, with net income group share increasing by 10.2% year-on-year to €1,836 million, driven by high revenues and a controlled cost of risk [32][40][44] - The group achieved revenues of €9,731 million in Q3 2025, reflecting a 5.6% increase compared to Q3 2024, with a gross operating income of €3,944 million, up 8.9% [18][33] - The cost/income ratio improved to 59.5%, down 1.2 percentage points from the previous year, indicating better operational efficiency [18][35] Financial Performance - For Q3 2025, Crédit Agricole S.A. reported revenues of €6,850 million, a 5.6% increase from Q3 2024, with operating expenses rising by 4.0% to €3,837 million [33][34] - The gross operating income for the quarter was €3,013 million, up 7.7% year-on-year, while the cost of risk increased by 13.0% to €489 million [35][37] - In the first nine months of 2025, net income group share reached €7,120 million, a 9.7% increase compared to the same period in 2024 [21][40] Business Lines and Activity - The group experienced sustained activity across all business lines, with significant growth in home loans (+18% year-on-year) and corporate loans (+14% year-on-year) [7][10] - Asset management saw record inflows of €15 billion in Q3 2025, contributing to a total of €2,317 billion in assets under management [11][52] - The insurance segment reported strong performance, with revenues reaching €11.8 billion, up 21.4% compared to Q3 2024 [46][62] Customer Growth and Market Position - Crédit Agricole Group gained 522,000 new customers in Retail Banking during Q3 2025, with total on-balance sheet deposits amounting to €835 billion, reflecting a 0.6% year-on-year increase [10][27] - The group maintained a strong market share in credit, standing at 22.6% as of June 2025, with buoyant loan production driven by home loans and specialized markets [27][10] Risk Management and Solvency - The phased-in CET1 ratio for Crédit Agricole S.A. was reported at 11.7%, while the group’s CET1 ratio stood at 17.6%, indicating strong solvency [3] - The cost of risk for the group was stable at 27 basis points over a rolling four-quarter period, reflecting prudent risk management practices [19][24]

Group 1 - French bank stocks experienced a widespread decline on October 17, with Crédit Agricole, BNP Paribas, and Société Générale seeing drops between 2.5% and 3.8% [1]

Core Viewpoint - The Crelan Group and Crédit Agricole Group have finalized their strategic partnership, which includes the signing of commercial agreements and the acquisition of a 9.9% minority stake in Crelan SA/NV by Crédit Agricole [2][5]. Group 1: Strategic Partnership Details - The partnership aims to enhance banking services in Belgium by combining Crelan's local presence with Crédit Agricole's expertise in asset management, private banking, and leasing [3]. - The two groups will focus on commercial collaborations in key areas such as asset management through Amundi, private banking via Indosuez Wealth Management / Bank Degroof Petercam, and leasing through CA Leasing & Factoring [2][3]. Group 2: Financial Impact - The acquisition of the 9.9% stake has a negligible impact on the CET1 ratio of Crédit Agricole S.A. and its subsidiaries, while positively affecting Crelan Group's phased CET1 capital ratio by 2.1% [6]. - This increase in capital ratio provides Crelan with greater financial flexibility to pursue future organic growth opportunities [6]. Group 3: Company Profiles - Crelan Group ranks fifth among Belgian retail banks, with total assets of €55.8 billion, managing €44.3 billion in customer deposits and supporting €49.5 billion in loans [7]. - Crédit Agricole Group is Europe's leading retail bank and asset manager, serving 54 million customers and characterized by its cooperative banking model [8][9].