French lender Credit Agricole has reported a net profit of EUR930m for the third quarter of 2015, up 14.8% compared to a year earlier.
The bank’s pre-tax income climbed 8.7% to EUR1.13bn while its operating income increased 21.4% to EUR580m from the prior year.
Revenues dropped 2% to EUR3.92bn for the third quarter compared to the corresponding quarter of 2014.
In Regional Banks, part of the bank’s French retail banking division, revenues were EUR3.38bn, a rise of 1.8% from the year-ago quarter.
LCL, the other constituent of the bank’s French retail banking division, posted revenues of EUR891m, an increase of 1.8% year-on-year.
Revenue at the bank’s international retail banking division rose by 0.8% to EUR636m compared to the year ago period. While the unit’s operating income increased 17.3% to EUR136m.
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