Strategy

The distribution of value

Revenues

Crédit Agricole Group

Stated revenues

€38,060m

Revenue breakdown1

  • 52% – Retail Banking
  • 18% – Asset Gathering
  • 21% – Large Customers
  • 9% – Specialised Financial Services
1 Breakdown of stated revenues excl. Corporate Centre division (i.e. €40,939m)

Crédit Agricole S.A.

Stated revenues

€27,181m

Revenue breakdown2

  • 29% – Retail Banking
  • 27% – Asset Gathering
  • 31% – Large Customers
  • 13% – Specialised Financial Services
2 Stated revenues breakdown excl. Corporate Centre division (i.e. €27,751m)

Redistribution of financial flows

€29,418m Total Crédit Agricole Group redistribution
€20,094m Total Crédit Agricole S.A. redistribution
Employees

Crédit Agricole Group: €12,496m 33% - Crédit Agricole S.A.: €7,759m 29%

Gross salaries, incentive plans, profit sharing and amounts allocated to employee pensions

Impact on society
For Crédit Agricole S.A., 81,244 employees and other young people welcomed at the end of 2024 (trainees, interns…)

Suppliers

Crédit Agricole Group: €3,628m 10% - Crédit Agricole S.A.: €3,451m 13%

External service providers
External operating expenses
The purchasing volume for the Group from VSBs/SMEs in 2024 was €2.16bn

Sponsorship and giving
€43,8m in expenses for Crédit Agricole Group4

Impact on society
3,486 Crédit Agricole S.A. suppliers have an EcoVadis5 rating as in 2024. The purchasing volume from the sheltered and disability-friendly sector represents €14m for the entire Group in France

Corporate philanthropy activities are directed both to the fight against poverty and exclusion and to cultural initiatives and environmental protection

Taxes

Crédit Agricole Group: €7,470m 20% - Crédit Agricole S.A.: €4,909m 18%

Corporate income tax, other taxes and duties, employer contributions and payroll taxes (excluding residual VAT, which is the cost for the Group of non-recoverable VAT)

Impact on society
Crédit Agricole is a major tax contributor in France with an income tax liability of €2,888m in 2023

Cost of risk

Crédit Agricole Group: €3,191m 8% - Crédit Agricole S.A.: €1,850m 7%

Allocations to and reversals of provisions for all risks during the financial year, as well as the corresponding losses not covered by provisions

Impact on society
The cost of the credit risk reflects the bank’s ability to deliver responsible lending solutions adapted to each type of customer: €817bn in loans outstanding (Retail Banking in France)

Minority interests

Crédit Agricole Group: €860m 2% - Crédit Agricole S.A.: €1,067m 4%

Share of the net income of majority-controlled, but not wholly owned, subsidiaries attributable to the minority shareholders of these subsidiaries

Other flows

Crédit Agricole Group: €1,773m 5% - Crédit Agricole S.A.: €1,058m 4%

Depreciation charges, share of net gains and losses on other assets, result of equity accounting

3 The reported amount is calculated in accordance with the IFRS 17 standards, with certain expenses deducted from GNP. Excluding reversals, external purchases amounted to €6.8 billion for Crédit Agricole Group and €5.1 billion for Crédit Agricole S.A.
4 Data from the declaration of Crédit Agricole Group entities in France and internationally.
5 EcoVadis is an independent third party specialised in assessing suppliers’ CSR performance

Net income

€8,640m
Crédit Agricole Group Net income Group share

€1,635m
Shareholders and mutual shareholders
Estimated amount to be paid to holders of mutual shares, dividends to be paid to CCA and CCI certificate holders and to minority shareholders of Crédit Agricole S.A.6

€463m
AT1 coupons

€6,542m
Share of retained earnings
Allows the Group to support the development of the regions and strengthen its capital structure

€7,087m
Crédit Agricole S.A. Net income Group share

€3,327m
Shareholders
For financial year 2024, at the General Meeting of 14 May 2025 the Board of Directors of Crédit Agricole S.A. proposed a dividend of €1.10 per share

€463m
AT1 coupons

€3,297m
Share of retained earnings
Reflects a commitment to financing the growth of activities while maintaining an attractive pay-out rate for investors

6 Estimated amount as of 31 December 2024, subject to approval by shareholders at the Annual General Meetings of the Local Banks, Regional Banks and Crédit Agricole S.A.