French lender Credit Agricole S.A. has reported net income of €1.06bn for the third quarter of 2017, a slump of 43% compared to €1.86bn in the year ago quarter.
The bank’s pre-tax income however increased to €1.56bn from €657m in the previous year.
Go deeper with GlobalData
For the quarter ended 30 September 2017, gross operating income was €1.67bn, a surge of 59% over €1.05bn reported in the parallel quarter of 2016. Revenues surged 22% year-on-year to €4.57bn.
The bank’s Asset Gathering business line, which includes asset management, insurance and wealth management operations, posted net income of €455m for the third quarter of 2017, up 2% from €447m last year.
The unit’s pre-tax income remained almost flat at €631m, while revenue surged 17% to €1.3bn from the year ago period.
Amundi’s asset under management stood at €1.4 trillion.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
