Steady inflows from international clients in
the first six months of the year boosted assets under management
(AuM) at Crédit Agricole’s private banking unit by 2.3%
year-on-year to €131bn ($189bn).
The French bank saw AuM outside its domestic
market rise by 6.7% year-on-year to €71.9bn.
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Currency fluctuations took some of the edge
off international gains, slicing €1.6bn from its first half
AuM increase.
Net new inflows at Crédit Agricole Private
Banking and LCL Banque Privée, its French subsidiary, grew to
€2.3bn in the first sixth months.
The cost- income ratio at the wealth division
stood at 74%.
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