2023 performance

“The macroeconomic context remained difficult in 2023, but Crédit Agricole S.A. posted excellent results, up +19.6% compared to 2022.

This performance is first and foremost due to organic growth in all our business lines, with good momentum in Crédit Agricole S.A. revenues of +9.5% compared to 2022. It is also due to external growth transactions carried out over recent years to help consolidate our position as a leader in our various markets.

Meanwhile, our solvency position is strong, with some of the best CET1 ratios in Europe, comfortably above regulatory levels for Crédit Agricole S.A. and for the Crédit Agricole Group. Our liquidity reinforces this strong position. This is analysed at Crédit Agricole Group level¹: customer deposits are now above €1,100 billion and liquidity reserves sit above €400 billion.

We are on track to meet and possibly even exceed our 2025 targets, in terms of performance, cost/income ratio, solvency and, of course, our policy to distribute 50% of net income in cash. To this end, the Crédit Agricole S.A. Board of Directors will propose a dividend of €1.05 per share in respect of 2023 at its next General Meeting of Shareholders, tripling the 2015 dividend.

Finally, strengthening our CSR commitments helps to further boost stakeholder recognition of our non‑financial performance. Two specialist agencies therefore increased their ratings for Crédit Agricole S.A., thanks in particular to the publication of our decarbonation goals and trajectories, which now cover ten sectors and represent around 60% of our investment portfolio.”