{
}
The General Meeting of Crédit Agricole S.A. took place on May 14, 2025, in Paris, with over 1,700 attendees. All resolutions were approved except for one, which was rejected by over 95%. A dividend of €1.10 per share was confirmed, and new appointments included Olivier Desportes as Director and Jérôme Grivet as Deputy Chief Executive Officer.
The General Meeting of Crédit Agricole S.A. took place on May 14, 2025, in Paris, with over 1,700 attendees and a quorum of 80.37%. All resolutions were approved except for one, which was rejected by over 95%. A dividend of €1.10 per share was confirmed, and new appointments included Olivier Desportes and Gaëlle Regnard as Directors. Dominique Lefebvre was re-appointed as Chairman, and Jérôme Grivet was named Deputy Chief Executive Officer.
UBS, Deutsche Bank, and Société Générale reported strong trading revenues due to market volatility, with UBS seeing a 32% increase in equity and foreign exchange trading. In contrast, Crédit Agricole faced extraordinary costs and a significant tax burden, impacting its profits despite a rise in quarterly revenue. The bank is deliberating its response to UniCredit's takeover bid for Banco BPM, where it holds a 19.8% stake.
Credit Agricole SA reported a 4.2% decline in first-quarter net profit to €1.82 billion, falling short of analysts' expectations due to higher corporate taxes. Despite a 6.6% revenue increase to €7.26 billion, costs of €3.99 billion missed consensus estimates, leading to a drop in shares by over 3%. CEO Philippe Brassac highlighted record revenues and strong profitability, with a return on tangible equity of 15.9%.
Credit Agricole is set to decide in the coming weeks on whether to engage in UniCredit's public exchange offer for Banco BPM, as stated by outgoing CEO Philippe Brassac. He emphasized the need to review all terms related to this consolidation before making a decision. Meanwhile, the bank reported a 4.2% decline in net profit for Q1, totaling €1.82 billion, attributed to increased government taxes.
Credit Agricole reported a 4.2% drop in first-quarter net income to 1.82 billion euros, impacted by a 123 million euro tax from a government levy. While revenues rose 6.6% to a record 7.26 billion euros, rising costs and retail weaknesses in France and Italy offset gains from its investment banking division. The bank is also navigating a complex M&A landscape involving Banco BPM amid UniCredit's unsolicited bid.
Credit Agricole S.A. reported a 6.6% increase in Q1 revenue, reaching €7.2 billion, despite a 4.2% decline in net income Group share to €1.8 billion. Earnings per share rose by 11.4% to €0.56, with the CEO highlighting strong revenue growth and high profitability amid exceptional taxation.
Credit Agricole Bank emphasizes its commitment to Ukraine's recovery through its AIR 2028 strategy, focusing on solidarity, sustainable development, and partnerships with international financial institutions. The bank aims to support agribusiness and energy independence while enhancing digital services for customers. Despite challenges in attracting foreign investment, Credit Agricole is actively engaging with international partners to foster economic growth in Ukraine.
In 2024, Europe's top bankers are earning record salaries, led by Sergio Ermotti of UBS at 15.4 million euros, followed by Andrea Orcel of Unicredit at 13.2 million euros. Other notable figures include Christian Sewing of Deutsche Bank at 9.8 million euros and Hector Grisi of Santander at 8.3 million euros. These high earnings are driven by substantial bank profits, despite rising interest rates, while discussions in Switzerland about limiting executive pay could impact future compensation dynamics.
Sergio Ermotti, CEO of UBS, topped the list of Europe's bank executives with a remuneration of 14.9 million francs for 2024, significantly outpacing his peers. Despite investor criticism, both UBS and UniCredit defended their compensation packages, citing strong company performance and competitive talent markets. The rising profitability in the banking sector has led to increased bonuses across the industry, particularly in investment banking, while some CEOs, like those of Credit Agricole and ING, remain at the lower end of the pay scale due to less reliance on this sector.
Philippe Brassac
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
credit agricole sa general meeting approves resolutions and confirms dividend payout
Euro
FRA
Jean-Pierre Gaillard
Jérôme Grivet
Hugues Brasseur
Christine Gandon
Philippe Brassac
Louis Tercinier
Dominique Lefebvre
Xavier Musca
Olivier Gavalda
Pierre Cambefort
Gaëlle Regnard
Olivier Desportes
Show more
18:12 14.05.2025
credit agricole shareholders approve resolutions and confirm dividend payout at meeting
Euro
FRA
Jean-Pierre Gaillard
Jérôme Grivet
Hugues Brasseur
Christine Gandon
Philippe Brassac
Louis Tercinier
Dominique Lefebvre
Xavier Musca
Olivier Gavalda
Pierre Cambefort
Gaëlle Regnard
Olivier Desportes
Show more
18:00 14.05.2025
banks report mixed results amid trading volatility and extraordinary costs
Euro
United States Dollar
EN G Societe Generale 261021 PR
Credit Suisse High Yield Bond Fund, Inc.
Deutsche Bank RV Global PP
UniCredit S.p.A.
Banco BPM S.p.A.
Credit Agricole
ITA
FRA
CHE
Philippe Brassac
Sergio Ermotti
Slawomir Krupa
Show more
12:56 30.04.2025
Credit Agricole reports lower Q1 profit as costs rise and shares fall
09:38 30.04.2025
credit agricole to decide on unicredit bid for banco bpm soon
Euro
CREDIT AGRICOLE
UniCredit S.p.A.
Banco BPM S.p.A.
FRA
Stefano Bernabei
Antonella Cinelli
Philippe Brassac
Show more
08:29 30.04.2025
Credit Agricole reports mixed Q1 results amid rising costs and tax impact
Euro
CREDIT AGRICOLE
UniCredit S.p.A.
Banco BPM S.p.A.
ITA
FRA
DEU
Philippe Brassac
Xavier Musca
Donald Trump
Show more
07:40 30.04.2025
Credit Agricole reports 6.6 percent revenue growth in Q1 2025
07:09 30.04.2025
credit agricole's commitment to ukraine's recovery and sustainable development
11:03 22.04.2025
Europe's top bankers earn record salaries amid rising profits and scrutiny
Euro
United States Dollar
Intesa Sanpaolo
BNP Paribas SA
Banco Santander, S.A.
UniCredit S.p.A.
Credit Agricole
BBVALIQ P
Credit Suisse Strategic Income I
Ing. A. Dielissen Bouwkundig werk
Deutsche Bank Money Market PP
Onur Genc
Jean-Laurent Bonnafé
Slawomir Krupa
Philippe Brassac
Carlo Messina
Andrea Orcel
Christian Sewing
Hector Grisi
Sergio Ermotti
Steven van Rijswijk
Show more
13:09 02.04.2025
European bank CEOs see record pay amid rising profits and investor scrutiny
Swiss Franc
Euro
CREDIT AGRICOLE
Credit Suisse Strategic Income I
Ing. A. Dielissen Bouwkundig werk
Deutsche Bank Money Market PP
UniCredit S.p.A.
ITA
DEU
CHE
Philippe Brassac
Sergio Ermotti
Andrea Orcel
Steven van Rijswijk
Show more
12:05 02.04.2025
Trending
Subcategory
Corporate News
Startups & Entrepreneurship
Venture Capital Investments
Industry Trends
Fintech Startups
Cryptocurrency Trends
Emerging Startups
Funding Rounds & Investments
Crypto Policies and Governance
AI Innovations
Retail and Consumer Goods
Crypto Adoption and Integration
IPOs & SPACs
Economic Indicators
Stock Market Updates
AI Applications
Finance Mergers & Acquisitions
Government Economic Policies
Product Launches
Inflation and Monetary Impact
Countries:
Companies:
Nvidia Corporation
Microsoft Corporation Corp.
Amazon.com Inc.
Alphabet Inc.
Micelio Technology Fund 1
PayPal Holdings Inc.
Uber Technologies Inc.
Indifi Technologies Ltd.
The Goldman Sachs Group, Inc.
Axis Capital Ltd.
UBS Group AG
Reddit Inc.
Google LLC
Anduril Industries Inc.
Maruishi Pharmaceutical Co. Ltd.
Qatar Islamic Bank ش.م.ع
Walmart Inc.
Trump Media & Technology Group Corp.
Contemporary Amperex Technology Co. Ltd.
Huawei Technologies CO. Ltd.
Currencies:
People: