Crédit Agricole said 10 November that third-quarter profit and revenue fell on-year amid market volatility.

The French bank said net profit in the three months to the end of September was €2bn, down from €2.22bn in the same period last year.

Revenue fell 0.5% to €8.93bn.

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In terms of the bank’s operations within the group, Crédit Agricole reported net income of €1.35bn, above consensus expectations of €1.27bn, according to analysts’ estimates provided by FactSet.

The Paris-based company said it had strong double-digit rise in revenue at its corporate loans, consumer finance and leasing businesses.

But the group’s common equity Tier 1 ratio, a measure of financial strength, fell to 17.2% at the end of September from 17.5% in June, hit by adverse market effects, the company said.

Write to Ed Frankl at

This article was published by Dow Jones Newswires, a fellow Dow Jones Group service

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