Credit Agricole SA : CONTINUED STRONG EARNINGS MOMENTUM IN 2024

Group 1 - The core message of the news is that Crédit Agricole Group has demonstrated strong earnings momentum in 2024, exceeding all financial targets of its 2025 ambitions plan ahead of schedule [1][10][28] - The Group reported record quarterly and full-year revenues, driven by excellent performance in Asset Gathering and Large Customers, with a notable increase in profitability reflected in a low cost/income ratio [6][18][39] - The proposed dividend for 2024 is set to increase to €1.10 per share, representing a 5% increase compared to 2023 [3] Group 2 - In Q4 2024, Crédit Agricole S.A. reported stated net income of €1,689 million, up 26.6% year-on-year, benefiting from high revenues exceeding €7 billion and a maintained low cost/income ratio [57][34] - The underlying net income for the full year 2024 reached €8,679 million, reflecting a 13.5% increase compared to 2023, with underlying revenues totaling €37,967 million, up 6.5% [49][44] - The Group's cost of risk rose to €3,171 million for the full year, indicating an increase of 11.0% compared to 2023, driven by provisions for performing loans [46][40] Group 3 - The Group's capital position remains solid, with a phased-in CET1 ratio of 11.7% for Crédit Agricole S.A. and 17.2% for the Group [7] - The customer base grew significantly, with an addition of 1.9 million new customers since 2022, reflecting strong customer acquisition efforts [20][12] - The Group's commitment to energy transition is evident, with a 141% increase in low-carbon energy financing since the end of 2020, totaling €26.3 billion by the end of 2024 [29][30]