France's Credit Agricole Profit Rises on Customer Activity
By Elena Vardon
Credit Agricole posted an increase in its third-quarter profit as sustained activity across its business lines and higher customer numbers supported its income.
The French lender on Thursday reported that it made 1.84 billion euros ($2.14 billion) in net profit for the three months ended Sept. 31, up 10% compared with the same period a year prior.
Revenue grew 5.6% to 6.85 billion euros driven by the momentum in its corporate and investment bank and in its specialized financial-services unit, while income from its French retail bank and from its asset-gathering division--which includes its insurance operations--were stable.
Analysts had estimated a net profit of 1.625 billion euros on revenue of 6.80 billion euros, according to a Visible Alpha poll.
Its common Tier 1 equity ratio--a measure of balance-sheet strength--stood at 11.7% at the end of the quarter. The bank's key profitability metric, return on tangible equity, reached 15.4% for the first nine months of the year.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
October 30, 2025 02:22 ET (06:22 GMT)
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