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9M net income Q3 net income CRÉDIT AGRICOLE Revenues Costs excl . SRF GOI CA Cost of risk C / I ratio ( excl . SRF ) S.A. Phased - in CET1 PRESS RELEASE - Third quarter 2021 Crédit Agricole Q3-21 and 9M - 21 RESULTS Record high 9 - month - 2021 results , continuing the trend . Full unwinding of the switch CRÉDIT AGRICOLE GROUP Stated € 6,746m + 62.2 % 9M / 9M € 2,222m + 25.7 % Q3 / Q3 € 8,969m + 5.9 % Q3 / Q3 - € 5,452m + 7.0 % Q3 / Q3 € 3,516m + 4.3 % Q3 / Q3 - € 403m -32.3 % Q3 / Q3 60.8 % +0.6 pp Q3 / Q3 Underlying € 6,201m + 31.9 % 9M / 9M € 2,235m + 15.6 % Q3 / Q3 € 8,972m + 6.1 % Q3 / Q3 - € 5,438m + 6.8 % Q3 / Q3 CRÉDIT AGRICOLE GROUP 17.4 % +10 bp Sept / June +8.5 pp above SREP requirements GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. Underlying € 3,962m + 37.9 % 9M / 9M € 1,414m + 26.7 % Q3 / Q3 Stated € 4,416m + 71.9 % 9M / 9M € 3,535m + 5.0 % Q3 / Q3 - € 403m -32.3 % Q3 / Q3 60.6 % +0.4 pp Q3 / Q3 € 2,272m + 5.2 % Q3 / Q3 - € 266m -56.1 % Q3 / Q3 58.9 % +0.9 pp Q3 / Q3 CRÉDIT AGRICOLE S.A. RESULTS DRIVEN BY THE SURGE IN REVENUES Stated net income + 43.5 % Q3 / Q3 to € 1,402m ; + 71.9 % 9M / 9M to € 4,416m Underlying net income : + 26.7 % Q3 / Q3 to € 1,414m ; + 37.9 % 9M / 9M to € 3,962m € 1,402m + 43.5 % Q3 / Q3 € 5,531m + 7.4 % Q3 / Q3 - € 3,259m + 9.0 % Q3 / Q3 € 5,535m + 7.6 % Q3 / Q3 - € 3,245m + 8.6 % Q3 / Q3 Strong business momentum , 1,311,000 new customers over 9M - 21 in Retail banking Revenues + 4.4 % Q3 / Q3 , + 7.3 % 9M / 9M excluding scope effect¹ , + 9.1 % Q3 / Q3-2019 Expenses + 3.8 % Q3 / Q3 , + 3.4 % 9M / 9M excluding scope effect¹ , + 7.3 % Q3 / Q3-2019 Gross operating income + 5.3 % Q3 / Q3 , + 13.0 % 9M / 9M excl . scope effect¹ , + 11.9 % Q3 / Q3-19 Cost / income ratio 57.2 % for 9M - 21 , MPT target reached Cost of risk 24 bp ( annualised quarter basis ) , coverage ratio up PROFITABILITY AND FINANCIAL POSITION AMONG THE SECTOR'S BEST IN EUROPE CRÉDIT AGRICOLE S.A. 2 Underlying ROTE calculated on the basis of annualised underlying net income Group share and annualised IFRIC costs 3 Estimated based on CET1 level and risk weighted assets at end September 2021 ; the impact will be recognised in Q4-21 € 2,290m + 6.2 % Q3 / Q3 - € 266m -54.0 % Q3 / Q3 58.6 % +0.5 pp Q3 / Q3 12.7 % +10 bp Sept / June +4.8 pp above SREP requirements 9M - 21 ROTE 13.1 % ² SHAREHOLDER FRIENDLY REMUNERATION , OVER TIME 21/09/21 : completion of the first share buyback for € 559m 05/10/21 : launch of the second share buyback for € 500m 16/11/21 : full unwinding of the Switch ( CET1 impact -60 bp , ³ net income full - year impact € + 104m ) → The 50 % cash dividend distribution policy target will have been respected over the span of the MTP 1 For the calculation on a like for like basis , excluded entities for 2021 : Creval , CA Serbia , JV Amundi Bank of China , Fund Channel , Anatec , Sabadell , CACF NL , So You , Kas Bank ; excluded entities for 2020 : CA serbia , Via Vita , IWM Miami and Brazil , CACF NL ; excluded entities for 2019 : CA serbia , CA Romania , Via Vita , IWM Miami and Brazil , CACF NL 1/49