Slides
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS1 RESULTS FOR THE 2ND QUARTER AND 1ST HALF 2025
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS2 NOTE The Crédit Agricole Group scope of consolidation comprises: the Regional Banks. the Local Banks. Crédit Agricole S.A. and their subsidiaries. This is the scope of consolidation that has been selected by the competent authorities to assess the Group’s position in the recent stress test exercises. Crédit Agricole S.A. is the listed entity. which notably owns the subsidiaries of its business lines (Asset Gathering. Large Customers. Specialised Financial Services. French Retail Banking and International Retail Banking) Disclaimer The financial information on Crédit Agricole S.A. and Crédit Agricole Group for second quarter and first half 2025 comprises this press release, the presentation slides and the attached appendices which are available on the website: https://https://www.credit-agricole.com/en/finance/financial- publications. This presentation may include prospective information on the Group, supplied as information on trends. This data does not represent forecasts within the meaning of EU Delegated Act 2019/980 of 14 March 2019 (Chapter 1. article 1. d). This information was developed from scenarios based on a number of economic assumptions for a given competitive and regulatory environment. Therefore, these assumptions are by nature subject to random factors that could cause actual results to differ from projections. Likewise, the financial statements are based on estimates, particularly in calculating market value and asset impairment. Readers must take all these risk factors and uncertainties into consideration before making their own judgement. The figures presented for the six-month period ending 30 June 2025 have been prepared in accordance with IFRS as adopted in the European Union and applicable at that date, and with regulations currently in force. This financial information does not constitute a set of financial statements for an interim period as defined by IAS 34 “Interim Financial Reporting” and has not been audited. Note: The scopes of consolidation of the Crédit Agricole S.A. and Crédit Agricole Groups have not changed materially since the Crédit Agricole S.A. 2024 Universal Registration Document and its A.01 update (including all regulatory information about the Crédit Agricole Group) were filed with the AMF (the French Financial Markets Authority). The sum of values contained in the tables and analyses may differ slightly from the total reported due to rounding. NB: all financial data are now presented stated for Crédit Agricole Group, Crédit Agricole S.A. and the business lines results, both for the income statement and for the profitability ratios.
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS3 Key messages and figures
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS4 THE GROUP IS ACCELERATING ITS DEVELOPMENT • Dynamic activity across all business lines and steady flow of strategic transactions • Half-year and quarterly results at the highest levels, benefiting in particular from the capital gain related to the deconsolidation of Amundi US • Strong profitability, driven by high quarterly revenues, a low cost/income ratio and stable cost of risk • Solvency position remains at a high level Presentation of the Medium-Term Plan on 18 November 2025 1. Change in net income Group share adjusted for the impact of the capital gain related to the deconsolidation of Amundi US (+€304m net of non-controlling interests) 2. ROTE calculated on the basis of an annualised net income Group share, IFRIC costs and additional corporate tax charge linearised over the year, and the linearisation of the capital gain related to the deconsolidation of Amundi US for €304m net of non-controlling interests Crédit Agricole S.A. 11.9% Phased-in CET1 June 2025 Crédit Agricole S.A. 53.9% Cost/income ratio H1-2025 Crédit Agricole S.A. €7.0bn Revenues Q2-2025 +3.1% Q2/Q2 Crédit Agricole S.A. 16.6% ROTE(2) H1-2025 Crédit Agricole S.A. €2.4bn Net income Group share Q2-2025 +30.7% Q2/Q2 +14.1% Q2/Q2 (1)
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS5 KEY FIGURES Gross operating income Net income Group share CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. Gross operating income Net income Group share Cost/income ratio CET 1 Phased-in CoR/ outstandings 4 rolling quarters Liquidity reserves 59.8% +0.5 pp H1/H1 27 bp stable Q2/Q1 17.6% stable June/March €471bn -3% June/March Cost/income ratio CET 1 Phased-in CoR/ outstandings 4 rolling quarters ROTE(1) 53.9% +0.3 pp H1/H1 34 bp stable Q2/Q1 11.9% -0.2 pp June/March 16.6% +1.2 pp H1/H1 (1) ROTE calculated on the basis of an annualised net income Group share, IFRIC costs and additional corporate tax charge linearised over the year, and the capital gain related to the deconsolidation of Amundi US also linearised. 2ND QUARTER 2025 €2,390m +30.7% Q2/Q2 €7,006m +3.1% Q2/Q2 €3,306m +4.1% Q2/Q2 Revenues €2,638m +30.1% Q2/Q2 €9,808m +3.2% Q2/Q2 €3,936m +3.1% Q2/Q2Revenues €14,263m +4.9% H1/H1 €6,571m +4.1% H1/H1 €4,213m +12.9% H1/H1 €19,856m +4.3% H1/H1 €7,992m +3.0% H1/H1 €4,803m +8.9% H1/H1 1st HALF 2025 2ND QUARTER 20251st HALF 2025
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS6 Crédit Agricole S.A. Q2-25 Summary
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS7 CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. STRONG ACTIVITY IN ALL BUSINESS LINES ACTIVITY France (RB + LCL): 823 (+1.4%) Italy: 62 (+1.6%) Total: 885 (+1.4%) Loans outstanding retail banking (€bn) Wealth management: 279 (+3.7%) Life insurance: 359 (+6.4%) Asset Management: 2,267 (+5.2%) Total: 2,905 (+5.2%) Assets under management (€bn) Total: 121 (+4.5%) Of which Automotive(2): 53% stable Consumer finance outstandings (€bn) • Retail Banking in France: confirmation of the upturn in lending from the low point in early 2024 (+28% for housing; +12% for corporates Q2/Q2) • International loan activity still dynamic • Insurance: record net inflows in life insurance and higher premium income driven by all business lines • Asset Management: high net inflows driven by MLT and JVs and record assets under management • CAPFM: higher production driven by traditional consumer finance • CIB: Record half-year and strong quarter #1 Syndicated loans in France #2 Syndicated loans in EMEA #1 EUR Green, Social & Sustainable bonds #2 All bonds in EUR worldwide Sources: Refinitiv/Bloomberg in EUR Change June 25/June 24 Property and casualty insurance equipment rate(1) 44.2% (+0.7 pp) Regional Banks 28.4% (+0.6 pp) LCL 20.6% (+0.9 pp) CA Italia France (RB + LCL): 772 (+0.7%) Italy: 66 (+0.3%) Total: 838 (+0.6%) On-balance sheet deposits in retail banking (€bn) 1. Car, home, health, legal. all mobile phones or personal accident insurance. 2. CA Auto Bank, automotive JVs and automotive activities of other entities. +493,000New customers Q2-25
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS8 CRÉDIT AGRICOLE S.A. THE GROUP CONTINUES TO GROW WITH A CONTINUOUS FLOW OF STRATEGIC TRANSACTIONS ACTIVITY Initiated projects Acquisitions Switzerland Acquisition by Indosuez Wealth Management Long-term partnership in Belgium Partnerships in asset management, private banking & wealth management, leasing Stake at 9.9% Joint acquisition by LCL and CA Assurances Player in wealth management France Development in Monaco Acquisition of BNP Paribas Group’s branch portfolio Integrations in progress and transactions completed this quarter Stronger presence in Italy Stake increased to 19.8% Announcement of intention to increase stake just above the 20% threshold to apply the equity accounting method Acquisition In Germany Leasing solutions for SMEs Purchase of the minority interests Repurchase of Santander’s 30.5% stake (1) 2024 non-controlling interests: -€140m Investor services Europe Net income: +€100m in 2026 Synergies progress rate: ~60% Belgium Net income: +€150/200m in 2028 Synergies progress rate: ~25% Launch of partnership in the United States Amundi’s stake at 26% (equity accounting) Reciprocal distribution agreements for 15 years Acquisition in France Player in home care services for elderly Majority stake acquisition by CA Transition & Energies Specialist in production and optimization of solar energy consumption for retail customers Acquisition in France (1) Closing at 4th of July
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS9 CRÉDIT AGRICOLE S.A. 6,796 7,006 (9) (23) +26 +1 +216 Q2-24 Asset gathering Large customers SFS Retail banking Corporate centre Q2-25 +3.1% +€210m HIGH REVENUES THAT CONTINUE TO GROW REVENUES Q2/Q2 change in revenues, by business line (€m) AG: Asset gathering; LC: Large Customers; SFS: Specialised financial services; RB: Retail banking; CC: Corporate Centre Q2 revenues (€bn) Implementation of IFRS 17 since 2023 +5.1% CAGRDynamic Insurance activity Amundi: impact of volatility and customer risk aversion Scope effects: deconsolidation of Amundi US (-€89m) & integration of Degroof Petercam (+€96m) High CIB and CACEIS revenues BBPM: +€109m, mainly due to an increase in dividends received CAPFM: positive price effect CAL&F: lower margins on factoring Good fee and commission income momentum in France and Italy Unfavourable base effect on LCL’s NIM 4.7 5.2 5.1 4.9 5.8 6.3 6.7 6.8 7.0 Q2-17 Q2-18 Q2-19 Q2-20 Q2-21 Q2-22 Q2-23 Q2-24 Q2-25
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS10 CRÉDIT AGRICOLE S.A. 3,621 3,700 (4) (29) +51 +53 +10 Q2-24 Asset gathering Large customers SFS Retail banking Corporate centre Q2-25 +2.2% +€80m Q2/Q2 change in expenses, by business line (€m) EXPENSES UNDER CONTROL, COST/INCOME RATIO LOW AT 53.9% (H1) EXPENSES Breakdown by nature of costs (€m) AG: Asset gathering; LC: Large customers; SFS: Specialised financial services; RB: Retail banking; CC: Corporate Centre Italy: favourable base effect linked to the DGS contribution (-€58m) France: continuation of investments Amundi US deconsolidation (-€51m) Integration of Degroof Petercam (1) (+€89m) CIB: increase due to IT investments and growth in business line activity 1. Scope effect (+€71m) and integration costs (+€17m)
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS11 CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. Crédit Agricole Group Crédit Agricole S.A. 25 26 27 27 27 32 32 34 34 34 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 1. Cost of risk for the last four quarters divided by the average of the outstandings at the start of all four quarters of the year. 2. Annualised CoR/outstandings: cost of risk for the quarter multiplied by four divided by the outstandings at the start of the current quarter. LOAN LOSS RESERVES HIGH AND AMONG THE BEST COVERAGE RATIOS RISKS Crédit Agricole S.A. cost of risk (€m) Cost of risk/outstandings NPL Ratio Loans loss reserves Coverage ratio 34 bp(1) 32 bp(2) €9.4bn 2.3% Stable vs Q1-25 72.2% -2.8 pp vs Q1-25 CRÉDIT AGRICOLE S.A. Cost of risk/outstandings NPL Ratio Loans loss reserves Coverage ratio 27 bp(1) 28 bp(2) CRÉDIT AGRICOLE GROUP 2.1% Stable vs Q1-25 83.3% -1.6 pp vs Q1- 25 €21.6bn AG: Asset gathering; LC: Large customers; SFS: Specialised financial services; IRB: International Retail banking; CC: Corporate Centre Cost of risk/outstandings(1) (bp)Cost of risk by business line SFS 50% SFS 53% LCL 22% LCL 21% IRB 17% IRB 14% LC 9% LC 4% CC 1% CC 5% Q2-24 Q2-25 441424 including model effects and migration of files to S3. which offset the effect of scenario updates 491 388 297 411 524 -31 38 278 0 -91-37 7 18 2 8 424 433 594 413 441 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 S3 CoR S1&S2 CoR Others Total CoR + 4.2%
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS12 CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. COST OF RISK BY BUSINESS LINE RISKS 1. Cost of risk for the last four quarters divided by the average of the outstandings at the start of all four quarters of the year. ➔ CAPFM: slightly deteriorated, mainly on international activities ➔ CA Italia: continuous improvement in asset quality and coverage ratio ➔ CAL&F : provision reversal for performing loans ➔ Retail Banking in France: stable, notably high for professionals ➔ Financing activities: level remains low, incorporating the prudence of economic scenarios but benefiting from favourable model effects Cost of risk/outstandings(1) (bp) Additions to provisions of €50m (model revision) with €30m in additions to legal provisions (including UK car loans) CAPFM CA Italia CAL&F Regional Banks LCL Financing activities 22 23 22 20 20 50 44 40 39 36 2 1 7 8 6 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 20 21 20 21 21 114 112 127 130 135 21 22 24 25 21
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS13 CRÉDIT AGRICOLE S.A. 1,828 2,390 (80) (18) +210 +164 +285 Q2-24 Revenues Operating expenses Cost of risk Tax Other Q2-25 2,814 3,350 (35) (71) +461 +16 +164 Q2-24 Asset gathering Large customers SFS Retail banking Corporate centre Q2-25 +19.0% +€536m NET INCOME GROUP SHARE AT THE HIGHEST RESULTS Q2/Q2 change in pre-tax income by business line (€m) Change in net income Group share by P&L line (€m) AG: Asset gathering; LC: Large customers; SFS: Specialised financial services; RB: Retail banking; CC: Corporate Centre Increase in GOI +453 +8 €453m capital gain related to the deconsolidation of Amundi US (+€304m after deduction of non-controlling interests) Capital gain on the deconsolidation of Amundi US (+€304m) CAL&F: Goodwill impairment CAPFM: Equity- accounted entities impacted in particular by lower remarketing revenues
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS14 CRÉDIT AGRICOLE S.A. -23 bp -33 bp -30 bp +28 bp +5 bp 12.1% 11.9% 11.6% Mar. 25 Retained result Business lines organic growth Methodology impact M&A, OCI and others June 25 Finalized M&A operations post Q2-25 Proforma 336 338 56 56 13 12- 0.3 - 7.0 + 3.4 + 1.7 + 3.2405 406 Mar. 25 RB AG SFS LC CC June 25 Credit risk Operational risk Market risk +0.2% +€1 Bn HIGH SOLVENCY RATIO (TARGET AT 11%) STRONG FINANCIAL POSITION – CRÉDIT AGRICOLE S.A. Change in phased-in CET1 ratio (bp) Change in RWA by business line (€bn) CET1 11.9% -0.2 pp vs Q1-25 +3.2 pp vs SREP requirement LEVERAGE RATIO 3.9% -0.1 pp vs Q1-25 +0.9 pp vs requirement AG: Asset gathering; LC: Large customers; SFS: Specialised financial services; RB: Retail banking; CC: Corporate Centre Buyback of CACEIS minority interests DIVIDEND €0.65/share 6m-25 CAA dividend : 2.1 Bn€Banco BPM investment increased to 19.8% -21 bp Victory Capital partnership -8 bp (*) Additional threshold exceedance -7 bp Banco BPM investment increased to 19.8%: ~ +€2.5bn distribution: €0.37 ~ (*) -1 bp including the impact from capital gain related to the deconsolidation of Amundi US CIB: Favourable methodology and FX impact; moderate growth in business lines
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS15 CRÉDIT AGRICOLE GROUP VERY HIGH CAPITAL STRONG FINANCIAL POSITION – CRÉDIT AGRICOLE GROUP Change in phased-in CET1 ratio (bp) Change in RWA by business line (€bn) CET1 17.6% Stable vs Q1-25 +7.7 pp vs SREP requirement LEVERAGE RATIO 5.6% Stable vs Q1-25 +2.1 pp vs requirement TLAC/RWA 27.6% -0.9 pp vs Q1-25 +5.3 > pp vs requirement MREL/RWA 32.7% -1.3 pp vs Q1-25 6.5 pp vs requirement AG: Asset gathering; LC: Large customers; SFS: Specialised financial services; RB: Retail banking; CC: Corporate Centre Banco BPM investment increased to 19.8%: €3.7bn 544 553 84 84 13 13- 0.4 - 7.0 + 10.2 + 1.7 + 4.0 641 649 Mar. 25 Retail Banking AG SFS LC CC June 25 Credit risk Operational risk Market risk 1.3% +€8 Bn -29bp -13bp +31 bp +4 bp 17.6% 17.6% Mar. 25 Retained result Business lines organic growth Methodology impact M&A, OCI and others June 25
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS16 CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. STRONG LIQUIDITY POSITION STRONG FINANCIAL POSITION – CRÉDIT AGRICOLE GROUP Liquidity reserves (€bn) Customer deposits (€bn) 1. Receivables eligible for central bank refinancing providing access to LCR compliant resources 2. Available securities, at market value after haircut 3. Of which €1bn eligible in Central Bank 4. Excluding cash (€4bn) & mandatory reserves (€11bn) 5. Customers (individuals. professionals. corporates) LCL and Regional Banks CASA LCR avg. 12M NSFR 142% >100% CAG 137% >100% €179bn CAG Stable Resources Position by type of customersby nature As of 30/06/2025 Stable, diversified and granular customer deposits • 37m retail banking customers, o/w 28m individual customers in France • ~60% (5) of guaranteed deposits in retail banking in France 52% 31% 17% Sight deposits Time deposits (incl. PEL) Regulated passbooks (Livret A, LEP, LDD) €1,147bn 65% 21% 11% 3% Individuals/SMEs - including 100% of regulated passbooks Corporates Financial institutions Sovereign, Public sector €1,147bn Stable vs. Mar. 25 153 157 155 149 36 35 143 130 487 471 31/03/2025 30/06/2025 Central bank deposits (4) HQLA (High Quality Liquid Assets) securities portfolio (2) Other non-HQLA securities (2) (3) Eligible collateral already pledged to Central Banks and unencumbered (1)
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS17 CONTINUED SUPPORT OF TRANSITIONS 1. Exposures related to low-carbon energy made up of renewable energy produced by the customers of all Crédit Agricole Group entities, including nuclear energy-related exposures for Crédit Agricole CIB. 2. Portfolios of CAA (listed securities, listed securities under mandate, and unlisted securities) and of Amundi Transition Energétique. 3. Outstanding financing of Crédit Agricole Group, directly or through the EIB, according to the Group’s internal sustainable assets framework. Change of method compared with the real estate outstandings reported at 30/09/2024: with the same method, the outstandings at 31/03/2025 would be €85.9bn. Accelerating the development of renewable and low-carbon energy by focusing our financings on renewable and low-carbon energy projects 1 As a universal bank. supporting energy transition for all: the equipment of all corporates and households 2 Driving our exit path from the financing of carbon- based energy 3 Low-carbon energy(1) financing €26.3bn As of 31/12/2024 X 2.4 2024/2020 Investments in low- carbon energy(2) €6.1bn As of 30/06/2025 X 2.8 June 25/Dec. 20 Exposure to fossil fuel extraction -40% 2024/2020 €5.6bn As of 31/12/2024 Financing the environmental transition(3) €111bn As of 31/03/2025 o/w Real estate €83bn Transport €6bn The World’s Best Bank for Sustainable Finance
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS18 CRÉDIT AGRICOLE S.A. INCOME STATEMENT M€ Q2-25 Q2/Q2 6M-25 6M/6M Revenues 7,006 +3.1% 14,263 +4.9% Operating expenses (3,700) +2.2% (7,691) +5.5% Gross operating income 3,306 +4.1% 6,571 +4.1% Cost of risk (441) +4.2% (855) +3.8% Equity-accounted entities 30 -35.2% 77 -14.1% Net income on other assets 455 x 29.4 456 x 50.7 Change in value of goodwill - n.m. n.m. Income before tax 3,350 19.0% 6,250 +11.9% Tax (541) -23.2% (1,368) +4.0% Net income from discont'd or held-for-sale ope. 0 n.m. 0 n.m. Non controling interests (420) 48.7% (669) +23.5% Net income Group Share 2,390 +30.7% 4,213 +12.9% Cost/Income ratio (%) +52.8% -0.5 pp +53.9% +0.3 pp
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS19 Crédit Agricole S.A. Business lines
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS20 CRÉDIT AGRICOLE S.A. AG – INSURANCE High premium income at €12.7bn (+18% Q2/Q2) Savings/Retirement: record net inflows in a buoyant environment, particularly in France • Gross inflows: €9.9bn (+22% Q2/Q2) driven by France; UL rate stable at 32.0% • Outstandings (2): €359.4bn (+3% June/Dec.). supported by net inflows and positive market effects; UL rate at 30.2% Property & casualty: performance driven by the increase in average premium (pricing revisions due to climate change and inflation in repair costs, as well as changes in the product mix) and portfolio growth of +3% year-on-year (>16.9m contracts) Personal insurance: growth in individual death & disability insurance (+7%) linked to an increase in the average amount of cover, decline in creditor insurance (-4%), particularly in international consumer finance, Group insurance up slightly (+2%) Revenues (3) growth supported by Savings/Retirement in line with the increase in business and a favourable financial result, Property & Casualty which benefited from a good level of business and financial results, and the performance of Death and Disability which offset a narrowing of technical margins in creditor insurance. CSM: €26.8bn (+6.3% June/Dec.); new business contribution higher than CSM allocation and positive market effect. Annualised CSM allocation factor: 8.0% in H1 2025 Combined ratio (4) 94.7% at end-June (stable over one year, +1.4 pt vs end-March) Solvency 2 ratio: 202% at end-June 1. Death and disability, creditor. group insurance 2. Savings, retirement and funeral insurance. 3. See slide 61 for a breakdown of revenues by activity. 4. Combined property & casualty ratio in France (Pacifica) including discounting and excluding undiscounting. net of reinsurance: (claims + operating expenses + fee and commission income)/gross premiums earned. Undiscounted ratio: 97.4% (+0.1 pt year-on-year) Savings/Retirement Net inflows (€bn) Property and personal insurance (1) Premium income (€bn) 1.4 1.4 1.4 1.3 2.6 1.4 2.7 4.0 2.8 Q2-24 Q1-25 Q2-25 Death & disability / Creditor / Group Property & Casualty +9.3% Q2/Q2 4.2% -0.6% +0.8 +1.9 +2.4+0.7 +2.0 +1.8 +1.5 +4.0 +4.2 Q2-24 Q1-25 Q2-25 In Eutros Unit-linked Contribution to earnings (in €m) Q2-25 ∆ Q2/Q2 H1-25 ∆ H1/H1 Revenues 790 +2.1% 1,517 +1.5% Gross operating income 703 +2.5% 1,335 +1.4% Income before tax 703 +2.2% 1,334 +1.2% Net income Group Share 557 +12.6% 997 +0.8%
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS21 CRÉDIT AGRICOLE S.A. 658 700 650 1,142 1,186 1,201 356 362 416- 9.7 + 1.4 + 8.7 + 10.3 + 9.2 2,156 2,247 2,267 June 24 Mar. 25 Effet périmètre Retail Institutionnels JVs Effets Marché/Change June 25 JVs Institutionals Retail +€20.5bn 5.2% 0.9% AG – ASSET MANAGEMENT (AMUNDI) Initial consolidation of Victory Capital: AuM in the US at €94bn at end-June: • €36bn in AuM distributed by Amundi to non-US clients (fully consolidated) • €58bn in AuM distributed by Victory to US customers (26% share) High level of activity • Net inflows of +€20bn in Q2 balanced between MLT assets (+€11bn) and JV (+€10bn) • JV: upturn in inflows in India, recovery confirmed in China • Institutional: dynamic seasonal activity in employee savings (+€4bn in MLT assets) Assets under management reached a record high of €2.267bn at the end of June thanks to inflows and a market effect of +€57bn, despite a significant negative exchange rate impact of -€48bn linked to the decline in the US dollar and the Indian rupee. Revenues: -0.6% Q2/Q2 excluding scope effects(1) Victory Capital (+5.3% H1/H1); increase in management fee and commission income (+1% (2)) and sharp rise in technology revenues (+50%, strong organic growth and integration of aixigo), but decline in performance fees (-29% (2), market volatility) and financial revenues (lower rates) Operating expenses: +2.2% Q2/Q2 excluding Victory Capital scope effects(1) (+5.3% H1/H1) Equity-accounted entities: Victory Capital’s initial contribution of 26% for +€20m, recorded with a one-quarter delay and therefore excluding synergies already realised in Q2; JV contribution up sharply to +16.6% Q2/Q2 (particularly in India) Gains on other assets: capital gain(3) related to the Victory Capital transaction 1. Scope effect of Amundi US deconsolidated pro forma in Q2 2024: €89m in revenues. €51m in expenses 2. Excluding scope effect 3. Non cash capital gain Assets under management (in €bn) Contribution to earnings (in €m) Q2-25 ∆ Q2/Q2 H1-25 ∆ H1/H1 Revenues 771 (10.8%) 1,663 (0.3%) Operating expenses (429) (8.8%) (926) +0.7% Gross operating income 341 (13.2%) 737 (1.4%) Equity-accounted entities 58 +77.4% 86 +39.4% Net income on other assets 453 n.m. 453 n.m. Income before tax 850 x 2 1,270 +57.9% Net income 755 x 2.3 1,030 +66.0% Net income Group Share 506 x 2.3 689 +66.1% Cost/Income ratio (%) 55.7% +1.2 pp 55.7% +0.5 pp Effect of Amundi US deconsolidation -€70bn and integration of Victory +€60bn
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS22 CRÉDIT AGRICOLE S.A. Contribution to earnings (in €m) Q2-25 ∆ Q2/Q2 H1-25 ∆ H1/H1 Revenues 409 +33.3% 848 +48.6% Operating expenses (348) +36.4% (691) +47.5% Gross operating income 61 +18.3% 156 +54.0% Income before tax 57 +37.8% 145 +81.1% Net income Group Share 36 +52.7% 94 +92.3% Cost/Income ratio (%) 85.0% +1.9 pp 81.6% -0.6 pp AG – WEALTH MANAGEMENT (INDOSUEZ WEALTH MANAGEMENT) Increase in Assets under Management • Sustained production on structured products and mandates, partly offsetting outflows linked in particular to liquidity events at major customers • Positive market effect Completion of Degroof Petercam integration: 14 restructuring operations involving entity mergers and IT migrations were completed Plan to acquire Thaler Bank in Switzerland announced on 4 April 2025 Plan to acquire the “Wealth Management” clients of the BNP Paribas Group in Monaco announced on 23 June 2025 Revenues benefiting from the integration of Degroof Petercam(1) and strong momentum in transaction fees since the beginning of the year; NIM held up well despite the low interest rate environment Expenses +1.7% excluding scope effect(1) and integration costs(2); cost/income ratio of 79.5% excluding integration costs Confirmation of the additional net income Group share target of +€150/200m in 2028 following the integration of Degroof Petercam (~25% completion rate of synergies achieved) 1. Degroof Petercam scope effect April/May 2025: Revenues of €96m and expenses of -€71m 2. Q2-25 integration costs: -€22.5m (impacting the operating expenses line item) vs. -€5.4m in Q2-24 impacting operating expenses. and -€11.9m in Q2-24 impacting pre-tax income. Assets under management (in €bn) Breakdown of Indosuez Wealth Management and LCL Banque Privée AuM available in appendix. 205 213 214 - 0.1 + 1.0 June 24 Mar. 25 Net Inflows Market/Forex effect June 25 4.5% 0.4%
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS23 CRÉDIT AGRICOLE S.A. LARGE CUSTOMERS – CORPORATE AND INVESTMENT BANKING Capital markets and investment banking: -2.7% Q2/Q2 (+3% excluding non-recurring items and foreign exchange impact). High level of revenues driven by capital market FICC +10% Q2/Q2 excluding volatile FVA/DVA items and foreign exchange impact), particularly in trading and primary credit activities, which partially offset the decline in revenues from structured equity activities Financing activities: +2.8% Q2/Q2, +7% excluding non-recurring items and foreign exchange impact, driven by structured finance, with strong momentum in the renewable energy sector. and by CLF (3) activities, driven by the acquisition financing sector Revenues were stable this quarter at a high level (+5% Q2/Q2 excluding volatile FVA/DVA items and foreign exchange impact). Record six-month revenues Expenses: increase due to IT investments and growth in business lines Cost of risk in limited net provisioning over the quarter including the update of economic scenarios and benefiting from positive model effects 1. Bloomberg in EUR 2. Refinitiv LSEG 3. Corporate & Leverage Finance Revenues (€m) #1 – EUR Green. Social & Sustainable bonds (1) #2 – All Bonds in EUR Worldwide (1) Contribution to earnings (in €m) Q2-25 ∆ Q2/Q2 H1-25 ∆ H1/H1 Revenues 1,705 (0.1%) 3,591 +3.7% Operating expenses (895) +6.7% (1,887) +7.1% Gross operating income 810 (6.6%) 1,704 +0.1% Cost of risk (19) (35.4%) 4 (33.2%) Income before tax 793 (5.7%) 1,712 (0.1%) Net income Group Share 659 +6.7% 1,307 +3.0% Cost/Income ratio (%) 52.5% +3.3 pp 52.5% +1.7 pp 539 543 283 302 717 737 167 123 1,706 1,705 Q2-24 Q2-25 Investment banking Capital markets Structured finance Commercial banking & other Fin Mkts +2.8% +6.8% +0.7% (26.5%) Var Q2/Q2 (0.1%) 1,084 1,097 571 617 1,494 1,560 314 317 3,464 3,591 H1-24 H1-25 +4.4% +8.1% +1.2% +0.7% Var 6m/6m+3.7% #1 – Syndicated loans in France (2) #2 – Syndicated loans in EMEA (2)
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS24 CRÉDIT AGRICOLE S.A. LARGE CUSTOMERS – ASSET SERVICING (CACEIS) Assets under custody increased over the quarter and over the year, benefiting from favourable markets effects and new customer acquisitions Assets under administration decreased this quarter due to the withdrawal of a customer Settlement and delivery volumes: the upwards trend continued (+9.0% Q2/Q2), mainly driven by Germany and Luxembourg Finalisation of the acquisition of Santander’s 30.5% stake in CACEIS in early July (non-controlling interest payments made in H1-2025 will be eliminated in Q3-25) Revenues were stable, good performance of the NIM Expenses decreased Q2/Q2 due to lower ISB integration costs(1) Additional net income (2) target of €100 million in 2026 confirmed in light of the acquisition of RBC’s asset servicing activities in Europe (~ 60% completion rate of synergies achieved) 1. ISB integration costs: -€5m over Q2-25 (vs -€24.4m in Q2-24) 2. Net income becomes net income Group share following Crédit Agricole S.A.’s acquisition of Santander’s non-controlling interests Assets under custody – AUC (€bn) Assets under administration – AUA (€bn) Contribution to earnings (in €m) Q2-25 ∆ Q2/Q2 H1-25 ∆ H1/H1 Revenues 519 +0.3% 1,041 +1.5% Operating expenses (361) (1.1%) (730) (1.3%) Gross operating income 158 +3.8% 311 +8.8% Cost of risk (0) (98.2%) 1 n.m. Equity-accounted entities 7 (12.3%) 13 +4.2% Income before tax 165 +8.8% 325 +13.6% Net income Group Share 93 +21.1% 168 +13.9% Cost/Income ratio (%) 69.6% -1.0 pp 70.1% -2.0 pp 4,966 5,467 5,526 Jun. 24 Mar. 25 Jun. 25 11.3% 3,426 3,575 3,468 Jun. 24 Mar. 25 Jun. 25 1.2%
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS25 CRÉDIT AGRICOLE S.A. Contribution to earnings (in €m) Q2-25 ∆ Q2/Q2 H1-25 ∆ H1/H1 Revenues 697 +0.3% 1,380 +1.1% Operating expenses (339) (1.1%) (709) +1.7% Gross operating income 358 +1.5% 671 +0.6% Cost of risk (228) +19.6% (453) +16.3% Equity-accounted entities 9 (71.4%) 47 (25.9%) Income before tax 140 (27.1%) 266 (21.6%) Net income Group Share 81 (38.4%) 188 (18.7%) Cost/Income ratio (%) 48.7% -0.6 pp 51.4% +0.3 pp 46.6 47.4 47.8 46.0 49.6 49.1 23.1 23.8 24.1 115.8 120.7 121.0 Jun. 24 Mar. 25 Jun. 25 CA Group (LCL & RBs) Automobile (CA Auto Bank + partnerships auto) Other entities +4.5% +2.5% +6.6% +4.2% ∆ Jun./Jun. SFS – PERSONAL FINANCE AND MOBILITY 1. CA Auto Bank. automotive JVs and auto activities of other entities 2. Approximately +€7bn increase in RWA due mainly to the consolidation of the leasing activities in Q4-24 3. Cost of risk for the last four quarters divided by the average of the outstandings at the start of all four quarters of the year Gross managed loans (€bn) 12.3 25.7 18.0 12.0 Consolidated loans H1-25: €68bn CA Auto BankAgos Other entities CAPFM France Consolidated loans outstanding (€bn) Production +2.4% Q2/Q2 to €12.4 billion (and +12.4% Q2/Q1). an increase driven by traditional consumer finance; automotive activity was stable in a still complex market in Europe and China; car financing (1) represented 49.6% of total production in the quarter Average customer production rate: -9 bp Q2/Q1 Managed loans increased across the three segments. benefiting from the expansion of the loan book managed with the Regional Banks and the well oriented development in car rental with Leasys and Drivalia; consolidated loans outstanding were down -0.9% June/June Revenues: positive price effect Q2/Q2. benefiting from the increase in the production margin rate of +35 bp Q2/Q2 (and -7 bp Q2/Q1), partially absorbed by the rise in subordinated debt (2) Expenses: lower Q2/Q2. positive jaws effect (+1.3 pp) Cost of risk/outstandings (3): a slight deterioration to 135 bp (+5 bp Q2/Q1). mainly in the international activities Equity-accounted entities: decrease related mainly to the remarketing revenues
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS26 CRÉDIT AGRICOLE S.A. SFS – LEASING & FACTORING Leasing: production was down -19.4% Q2/Q2, mainly in France in an unfavourable market environment (1). Production was higher internationally, particularly in Poland. Factoring: production was up +26.6% Q2/Q2, driven by France at 1.8x Q2/Q2, benefiting from the signing of a major deal; international production was down -27.0% Q2/Q2 mainly in Germany; factored revenues increased (+5.0% Q2/Q2); financed outstandings were up +3.7% June/June Revenues: decrease in margins on factoring due to the decline in rates; revenues higher in leasing Expenses decreased over the quarter Cost of risk: +€20m provision reversal for performing loans; cost of risk/outstandings (2) at 21 bp, -4 bp vs Q1-25 Equity-accounted entities: goodwill impairment 2. Cost of risk for the last four quarters divided by the average of the outstandings at the start of all four quarters of the year Leasing outstandings (in €bn) Contribution to earnings (in €m) Q2-25 ∆ Q2/Q2 H1-25 ∆ H1/H1 Revenues 183 (5.4%) 369 (0.6%) Operating expenses (99) (0.8%) (203) +1.9% Gross operating income 84 (10.4%) 166 (3.5%) Cost of risk (7) (63.9%) (31) (21.8%) Equity-accounted entities (22) x 12.3 (24) x 6.9 Income before tax 54 (25.4%) 110 (14.6%) Net income Group Share 33 (40.2%) 75 (24.1%) Cost/Income ratio (%) 54.0% +2.6 pp 55.0% +1.3 pp 15.7 16.1 16.4 4.1 4.4 4.5 19.8 20.5 20.8 Jun. 24 Mar. 25 Jun. 25 International France +5.0% +4.1% +8.6% ∆ Jun./Jun. 1. Lease financing for capital investments by corporates and professionals in France: -7.5% in Q1-25 (source ASF)
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS27 CRÉDIT AGRICOLE S.A. RB – LCL Customer capture: +68k customers in Q2-25 Loans outstanding increased year on year and over the quarter Loan production (1) increased by +14% Q2/Q2, driven by all markets. including home loans (+24% Q2/Q2); production rate at 3.07% in Q2. and continued improvement in the stock rate to 1.80% (+3 bp Q2/Q1 and +18 bp Q2/Q2); dynamic production continues in corporate loans (+10% Q2/Q2) Customer assets increased year on year and were stable this quarter; off-balance sheet resources benefited from positive net inflows in Life Insurance and a positive market effect over the quarter; on-balance sheet resources were up slightly year on year, mainly an increase in demand deposits (+1.0% June/June. +2.6% June/March) and a decrease in term deposits (-9.3% June/June. -8.5% June/March). Equipment rate in Home-Car-Health insurance(2): +0.6 pp June/June at 28.4% Revenues stable: increase in fee and commission income (+3.1% Q2/Q2) mainly in life and non-life insurance; decrease in NIM Q2/Q2 (- 3.4%, impacted by a negative base effect), with an improvement Q2/Q1 (+7.8%), due to the gradual repricing of loans and the decrease in the cost of customer resources (favourable trend in the deposit mix) and refinancing; less favourable contribution from macro-hedging Expenses slightly higher (continued investments) Cost of risk/outstandings (3): 20 bp. stable Q2/Q1, remaining high for professionals 1. See Appendix slide on page 70 2. Equipment rate – Home-Car-Health policies, Legal, All Mobile/Portable or personal accident insurance Loans outstanding (€bn) Customer assets (€bn) Contribution to earnings (in €m) Q2-25 ∆ Q2/Q2 H1-25 ∆ H1/H1 Revenues 976 (0.3%) 1,939 +0.3% Operating expenses (597) +1.0% (1,222) +2.4% Gross operating income 380 (2.4%) 717 (3.1%) Cost of risk (95) (0.3%) (186) (12.9%) Income before tax 286 (3.4%) 533 +0.5% Net income Group Share 208 (5.7%) 337 (14.4%) Cost/Income ratio (%) 61.1% +0.8 pp 63.0% +1.3 pp 3. Cost of risk for the last four quarters divided by the average of the outstandings at the start of all four quarters of the year 103.7 105.6 105.6 8.6 8.5 8.6 31.5 31.9 32.6 24.4 24.7 24.8 168.2 170.7 171.5 June 24 Mar. 25 June 25 Home loan Consumer credit Corporate Professionals +1.7% +3.4% (0.3%) +1.8% +2.0% ∆ June/June 165.4 167.5 166.0 86.4 89.0 90.1 251.8 256.5 256.0 June 24 Mar. 25 June 25 On-B/S Off-B/S +4.3% +0.3% ∆ June/June +1.7%
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS28 CRÉDIT AGRICOLE S.A. 65.3 64.1 65.5 51.4 54.1 55.0 116.7 118.2 120.5 June. 24 Mar. 25 June. 25 On-balance sheet Off-balance sheet ** 0.3% 6.9% ∆ June / June 3.2% RB – CA ITALIA Revenues: NIM down -4.4% Q2/Q2 (due to lower rates) and up +2.0% Q2/Q1; increase in fee and commission income on assets under management (+8.7% Q2/Q2) Operating expenses: +4.3% Q2/Q2 excluding DGS (2), increase in employee and IT expenses to support growth in the business lines Cost of risk: continued decline with an improvement in asset quality and coverage ratio ** Excluding assets under custody * Net of POCI outstandings 30.2 30.8 31.1 7.9 7.6 7.6 19.7 19.6 20.2 3.1 3.1 3.1 61.0 61.1 62.0 June. 24 Mar. 25 June. 25 Retail customer loans SMEs and professionnals Large corporates Leasing & Others 1.6% 2.8% -4.2% 2.3% 0.8% ∆ June / June Loans outstanding* (€bn) Customer assets (€bn) Contribution to earnings (in €m) Q2-25 ∆ Q2/Q2 H1-25 ∆ H1/H1 Revenues 767 (2.2%) 1,545 (0.9%) Operating expenses (398) (9.5%) (781) (4.8%) Gross operating income 370 +7.1% 763 +3.4% Cost of risk (45) (26.4%) (102) (17.2%) Income before tax 325 +14.3% 662 +7.5% Net income Group Share 172 +12.3% 350 +5.2% Cost/Income ratio (%) 51.8% -4.2 pp 50.6% -2.1 pp Activity/Customer Capture: +54k new customers over the quarter and property and casualty insurance equipment rate at 20.6% (+0.9 pp Q2/Q2); loan production down -8.1% compared with a high Q2-24 (and up +1.3% H1/H1), in a very competitive home loan market in Q2-25 Loans outstanding increased June/June in a slightly higher market (1), driven by individual customers (+2.8% June/June); the loan stock rate declined (-96 bp Q2/Q2 and -24 bp Q2/Q1) Customer assets: on-balance sheet deposits were stable June/June; off-balance sheet deposits increased June/June with positive net flows and market effect 1. Source: Abi Monthly Outlook. July 2025: +0.9% June/June for all loans 2. DGS recognised in Q2-24 at €58m; DGS not expected to make a contribution in 2025
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS29 CRÉDIT AGRICOLE S.A. 6.1m Customers (2) ~16.100 Employees 1,208 Points of sale Rankings Number 2 in consumer finance(7) Number 3 asset manager(8) Number 4 bankinsurer in life(9) CA Group in Italy (1) €340bn Total customer assets (3) €101bn Loans outstanding €2.6bn Revenues 5.1% Market share(5) retail banking Branches market share in Italy (4) (1) Aggregation of Group entities in Italy (CA Italia. CA Auto Bank. Crédit Agricole CIB. CAIW. AGOS; (2) including all entities present in Italy (3) Including “non-Group” Amundi AuM and CACEIS AuC; (4) Source: Banca d’Italia. 30/06/2025; (5) In number of branches at 31/03/25; (6) Net Promoter Score. Source Doxa October 2024 study; (7) Assofin publication. 30/04/2025 (excl. credit cards); (8) AUM; Source: Assogestioni. 31/05/2025 (9) Production. Source: IAMA. 30/04/2025 (10) Excluding Banco BPM investment accounted for in Corporate Centre (11) Excl. Corporate Centre Distribution of the Group’s net income Group share (10) in Italy Number 1 commercial bank in NPS(6) 0-2% 2-5% 5-10% > 10% 0% -1.1% Net income Group share 6M/6M €652m Net Income Group Share in 6M-2025 15% Crédit Agricole S.A. Net Income Group Share(11) CRÉDIT AGRICOLE GROUP IN ITALY DEVELOPMENT IN ITALY, THE SECOND LARGEST DOMESTIC MARKET 54% 14% 19% 13% Retail banking Specialised financial services Asset gathering Large customers Total net income: €652m
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS30 CRÉDIT AGRICOLE S.A. 10.2 11.0 10.6 0.8 1.0 1.0 11.0 12.0 11.7 June 24 Mar. 25 June. 25 On-balance sheet Off-balance sheet +9.7% +6.4% 7.0 7.4 7.4 June 24 Mar. 25 June. 25 Loans outstanding +6.6% +5.2% RB – OTHER IRB CA Poland: revenues +8.3% Q2/Q2 (1), driven by NIM and fee and commission income; expenses +5.6% (1) impacted by employee expenses and taxes; positive jaws effect +2.6 pp (1); cost of risk improving; net income Group share increased CA Egypt: revenues -4.8% Q2/Q2 (1) (residual base effect related to exceptional foreign exchange activity in early 2024), the increase in fee and commission income did not offset the slight decrease in NIM; expenses +25.2% Q2/Q2 (1) impacted by employee and IT expenses; cost of risk was at a low level and net income Group share decreased CA Ukraine: Positive net income Group share Loans outstanding Poland. Egypt. Ukraine (€bn) Customer assets Poland. Egypt. Ukraine (€bn) Contribution to earnings (in €m) Q2-25 ∆ Q2/Q2 H1-25 ∆ H1/H1 Revenues 240 (1.1%) 488 (7.1%) Operating expenses (123) +6.0% (254) +5.9% Gross operating income 117 (7.5%) 235 (17.9%) Cost of risk (16) +45.4% (26) (17.8%) Income before tax 101 (12.4%) 209 (17.9%) Net income Group Share 66 (11.9%) 133 (12.2%) Cost/Income ratio (%) 51.1% +3.4 pp 52.0% +6.4 pp (1) 1. Change excluding FX impact CA Poland: +48k new customers during the quarter; loan production +6.5% (1) Q2/Q2 and loans outstanding +3.6% (1) Q2/Q2 driven by the retail segment; on- balance sheet deposits +6.6% (1) Q2/Q2 CA Egypt: dynamic commercial activity over all markets; loans outstanding +20.9% (1) Q2/Q2; on-balance sheet deposits +23.3% (1) Liquidity: still strong; net deposits/loans surplus +€3.5bn at 30 June 2025 (1)
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS31 CRÉDIT AGRICOLE S.A. CORPORATE CENTRE (60)(54)(26) (161) (245) 39 (48) 4417 -22 -102 18 -161 -238 Q2-25Q1-25Q4-24Q3-24Q2-24 Other elements Structural net income excl. IFRIC21 Stated net income Contribution to earnings (in €m) Q2-25 ∆ Q2/Q2 H1-25 ∆ H1/H1 Revenues (51) +216 (118) +256 Operating expenses (25) (10) (106) (35) Gross operating income (76) +206 (224) +221 Cost of risk (24) (19) (45) (29) Equity-accounted entities (24) +1 (47) (1) Net income Group share (22) +217 (124) +221 Of which structural net income : (60) +184 (114) +237 - Balance sheet & holding Crédit Agricole S.A. (287) +45 (601) +26 - Other activities (CACIF, CA Immobilier, BforBank, CATE, equi investments) 217 +140 469 +207 - Support functions (CAPS, CAGIP, SCI) 9 +0 18 +4 Of which other elements of the division 39 +32 (10) (15) Structural net income Group share: • Positive impact of the Banco BPM dividend as the stake increased to 19.8%, combined with higher valuation of the securities (+143 m€) Other elements of the division: • Positive items within other volatile items, including a positive item relating to ESTER/BOR ineffectiveness
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS32 Crédit Agricole Group Regional Banks
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS33 CRÉDIT AGRICOLE GROUP Loans outstanding (€bn) Customer assets (€bn) REGIONAL BANKS Customers: +285k new customers over the quarter. increase in the share of customers’ principal sight deposits, and rate of digital customers maintained at a high level Loans: increase in June/June outstandings and stable market share (1); loan production +18.8% Q2/Q2, driven by home loans (+28.3% Q2/Q2; +10% Q2/Q1); home loans production rate 3.02% (2); stock rate of all loans +7 bp year on year Deposits: up year on year, driven by off-balance sheet deposits. continuing to benefit from strong inflows in life insurance; on-balance sheet deposits slightly higher, driven by demand deposits over the quarter; increase in on-balance sheet deposits market share year on year (3) Equipment rate (4): property and casualty insurance 44.2% (+0.7 pp vs June 2024) Payment instruments: number of cards +1.5% year on year; 17.8% premium cards in the stock (+2.2 pp year on year) Revenues increased, driven by fee and commission income (+1.9% Q2/Q2), which was boosted by insurance, account management and payment instruments; portfolio revenues rose (+9.2% Q2/Q2) due to the increase in dividends received (6); intermediation margin declined slightly year on year (-2.5% Q2/Q2) but was stable Q2/Q1 Expenses increased, due mainly to IT expenses Cost of risk decreased; cost of risk/outstandings (7) stable at 21 bp 3. Source BdF. on-balance sheet deposits market share 20.2% at end-March 2025 (+0.1 pp vs March 2024) 4. Equipment rate – Home-Car-Health policies, Legal, All Mobile/Portable or personal accident insurance 5. Reversal of the Home Purchase Savings Plans provision: +€16.3m in Q2-25 vs +€22m in Q2-24 in revenues (+€12.1m in Q2-25 vs +€17m in Q2-24 in net income Group share) 6. Including the SAS Rue La Boétie dividend paid annually in Q2 7. Cost of risk/outstandings in rolling four-quarter period 602 603 606 296 313 317 898 916 923 Jun. 24 Mar. 25 Jun. 25 On-balance sheet assets Off-balance sheet +2.8% ∆ June/June +7.1% +0.8% 390 392 394 24 24 25 230 232 234 644 649 652 Jun. 24 Mar. 25 Jun. 25 SMEs-Small business.-Farm.-Local auth. Consumer credit Home loans +1.2% ∆ June/June +4.1% +0.8% +1.5% 1. Source BdF. total loans market share 22.6% at end-March 2025 (stable vs March 2024) 2. Average production rate for the period from April to May 2025 Regional Banks' consolidated results (in €m) Q2-25 stated ∆ Q2/Q2 stated H1-25 stated ∆ H1/H1 stated Revenues 5 528 +4,2% 8 867 +3,1% Operating expenses (2 669) +5,1% (5 178) +3,4% Gross operating income 2 860 +3,4% 3 689 +2,6% Cost of risk (397) (13,3%) (716) +1,4% Income before tax 2 482 +7,3% 3 004 +3,5% Net income Group Share 2 375 +5,0% 2 721 +0,7% Cost/Income ratio (%) 48,3% +0,4 pp 58,4% +0,2 pp
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS34 Appendices Economic scenario
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS35 Sources: Eurostat. Crédit Agricole S.A./ECO. Forecasts at 20 June 2025 IMF (April 2025): +0.6% in 2025 and +1.0% in 2026 European Commission (May 2025): +0.6% in 2025 and +1.3% in 2026 OECD (June 2025): +0.6% in 2025 and +0.9% in 2026 Banque de France (June 2025): +0.6% in 2025 and +1.0% in 2026 Sources: Eurostat. Crédit Agricole S.A./ECO. Forecasts at 20 June 2025 Provisioning of performing loans: use of alternative scenarios complementary to the central scenario (April 2025) Central scenario: French GDP +0.8% in 2025 and +1.4% in 2026 Unfavourable scenario: French GDP 0.0% in 2025 and +0.6% in 2026 Severely adverse scenario: French GDP -1.9% in 2025 and -1.4% in 2026 GROWTH FORECASTS LOWERED FOR 2025 AND 2026 APPENDICES France, Italy, Eurozone – GDP Growth France, Italy, Eurozone – Average annual Inflation (%) France. Italy. Eurozone – Unemployment rate France – institutional forecasts (GDP France) Sources: Eurostat. Crédit Agricole S.A. Forecasts at 1 July 2025 4 5 6 7 8 9 10 11 12 13 14 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 France Italy Euro zone % of labour force prév. -7.6 6.8 2.6 1.1 1.1 0.8 1.2 -9.0 8.8 4.8 0.8 0.5 0.6 0.7 -6.1 6.3 3.6 0.5 0.7 1.0 1.3 2020 2021 2022 2023 2024 2025 2026 France Italy Euro zone %
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS36 Equities (quarterly averages) EuroStoxx 50: spot +1% Q2/Q1; average -1.5% Q2/Q1 (+4.7% Q2/Q2) Interest rates (month-end) 10-year OAT: -18 bp over the quarter and -2 bp vs June 24 Spread at end-June 25: ▪ OAT/Bund: 62 bp (-5 bp vs March 25 and -19 bp vs June 24) ▪ BTP/Bund: 84 bp (-25 bp vs March 25; -74 bp vs June 24) Foreign exchange (month-end) EUR/USD: +9% vs March 25 and +10% vs June 24 Sources: LSEG Datastream. Crédit Agricole SA/ECO. Data at 10 July 2025 END OF THE MONETARY EASING CYCLE APPENDICES Interest rates. in euros (%) Equity indexes (base 100 = 31/12/2018) France – Household and corporate leaders’ confidence Sources: LSEG Datastream. Crédit Agricole SA/ECO. Data at 10 July 2025 Sources: Insee. Crédit Agricole SA/ECO. Data at June 2025 -1 0 1 2 3 4 EURIBOR 3M OAT 10Y BUND 10Y % 50 60 70 80 90 100 110 120 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Household confidence Business sentiment LT average 75 95 115 135 155 175 195 CAC40 CAC40 (quarterly avg.) EURO STOXX 50
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS37 Appendices Earnings/Profitability
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS38 CRÉDIT AGRICOLE S.A. Q2-25 RESULTS (AMOUNTS IN €M THEN Q2/Q2 CHANGE) APPENDICES Q2-25 €m AG Ins. Asset Mgt. Wealth Mgt. LC CIB Asset servicing SFS CAPFM CAL&F Retail banks FRB IRB IRB others CA Italia Corp. center Total Revenues 1,970 790 771 409 2,224 1,705 519 881 697 183 1,984 976 1,007 240 767 (51) 7,006 Operating expenses (864) (87) (429) (348) (1,257) (895) (361) (438) (339) (99) (1,117) (597) (520) (123) (398) (25) (3,700) Gross operationg result 1,106 703 341 61 967 810 158 442 358 84 867 380 487 117 370 (76) 3,306 Cost of risk (7) (0) (2) (5) (20) (19) (0) (235) (228) (7) (156) (95) (61) (16) (45) (24) (441) Net income on other assets 58 - 58 - 10 3 7 (13) 9 - - - - - - (24) 30 Tax (249) (143) (95) (11) (149) (120) (29) (58) (38) (21) (198) (69) (129) (26) (103) 113 (541) Net income 1,361 560 755 46 810 673 136 136 103 33 514 218 297 75 222 (12) 2,809 Non controling interests (261) (2) (249) (10) (58) (15) (43) (22) (22) (0) (69) (10) (59) (9) (50) (10) (420) Net income Group Share 1,100 557 506 36 752 659 93 114 81 33 446 208 238 66 172 (22) 2,390 ∆ Q2-25/Q2-24 % AG Ins. Asset Mgt. Wealth Mgt. LC CIB Asset servicing SFS CAPFM CAL&F Retail banks FRB IRB IRB others CA Italia Corp. center Total Revenues +1% +2% (11%) +33% +0% (0%) +0% (1%) +0% (5%) (1%) (0%) (2%) (1%) (2%) (81%) +3% Operating expenses +6% (1%) (9%) +36% +4% +7% (1%) (1%) (1%) (1%) (3%) +1% (6%) +6% (9%) +62% +2% Gross operationg result (2%) +3% (13%) +18% (5%) (7%) +4% (1%) +2% (10%) +1% (2%) +3% (7%) +7% (73%) +4% Cost of risk x 3.1 n.m. (69%) n.m. (49%) (35%) (98%) +12% +20% (64%) (7%) (0%) (15%) +45% (26%) x 4.9 +4% Net income on other assets +77% n.m. +77% n.m. (1%) +51% (12%) n.m. (71%) n.m. n.m. n.m. n.m. n.m. n.m. (3%) (35%) Tax (12%) (20%) (1%) +33% (40%) (43%) (26%) +7% +0% +23% +9% +5% +11% (13%) +19% +80% (23%) Net income +57% +10% x 2.3 +39% +9% +6% +21% (35%) (34%) (40%) +0% (6%) +5% (12%) +12% (95%) +33% Non controling interests x 2 (82%) x 2.3 +4% +14% (1%) +19% (7%) (7%) n.m. +5% (5%) +7% (15%) +13% (16%) +49% Net income Group Share +49% +13% x 2.3 +53% +8% +7% +21% (39%) (38%) (40%) (1%) (6%) +4% (12%) +12% (91%) +31% NB: this table presents the main income statement items and is not exhaustive
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS39 CRÉDIT AGRICOLE S.A. H1-25 RESULTS (AMOUNTS IN €M THEN H1/H1 CHANGE) APPENDICES 6M-25 €m AG Ins. Asset Mgt. Wealth Mgt. LC CIB Asset servicing SFS CAPFM CAL&F Retail banks FRB IRB IRB others CA Italia Corp. center Total Revenues 4,028 1,517 1,663 848 4,632 3,591 1,041 1,749 1,380 369 3,972 1,939 2,033 488 1,545 (118) 14,263 Operating expenses exclud SRF (1,799) (182) (926) (691) (2,617) (1,887) (730) (912) (709) (203) (2,257) (1,222) (1,035) (254) (781) (106) (7,691) Gross operationg result 2,229 1,335 737 156 2,015 1,704 311 837 671 166 1,715 717 998 235 763 (224) 6,571 Cost of risk (17) (0) (6) (11) 5 4 1 (484) (453) (31) (314) (186) (128) (26) (102) (45) (855) Net income on other assets 86 - 86 - 16 3 13 23 47 - - - - - - (47) 77 Tax (601) (333) (239) (29) (454) (376) (78) (71) (36) (35) (447) (181) (266) (56) (210) 205 (1,368) Net income 2,148 1,002 1,030 116 1,583 1,336 247 305 230 75 957 352 604 152 452 (111) 4,882 Non controling interests (368) (5) (341) (22) (108) (30) (79) (43) (43) (0) (137) (16) (121) (19) (102) (13) (669) Net income Group Share 1,780 997 689 94 1,475 1,307 168 263 188 75 820 337 483 133 350 (124) 4,213 6M / 6M-24 % AG Ins. Asset Mgt. Wealth Mgt. LC CIB Asset servicing SFS CAPFM CAL&F Retail banks FRB IRB IRB others CA Italia Corp. center Total Revenues +8% +1% (0%) +49% +3% +4% +1% +1% +1% (1%) (1%) +0% (2%) (7%) (1%) (68%) +5% Operating expenses exclud SRF +15% +2% +1% +47% +5% +7% (1%) +2% +2% +2% +0% +2% (2%) +6% (5%) +49% +6% Gross operationg result +3% +1% (1%) +54% +1% +0% +9% (0%) +1% (3%) (3%) (3%) (3%) (18%) +3% (50%) +4% Cost of risk x 3.5 n.m. +14% x 8.1 n.m. (33%) n.m. +13% +16% (22%) (15%) (13%) (17%) (18%) (17%) x 2.8 +4% Net income on other assets +39% n.m. +39% n.m. +10% +51% +4% (62%) (26%) n.m. n.m. n.m. n.m. n.m. n.m. +3% (14%) Tax +20% +10% +30% +80% (6%) (9%) +14% (27%) (46%) +17% +18% +52% +3% (23%) +13% +42% +4% Net income +26% (1%) +66% +81% +4% +3% +13% (18%) (16%) (24%) (6%) (14%) (1%) (16%) +5% (67%) +14% Non controling interests +49% (81%) +66% +46% +8% (4%) +13% +2% +2% n.m. (5%) (14%) (4%) (35%) +6% +94% +24% Net income Group Share +23% +1% +66% +92% +4% +3% +14% (20%) (19%) (24%) (7%) (14%) (0%) (12%) +5% (64%) +13% NB: this table presents the main income statement items and is not exhaustive
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS40 CRÉDIT AGRICOLE S.A. €m Q2-25 Q2-24 ∆ Q2/Q2 Revenues 7,006 6,796 +3.1% Operating expenses (3,700) (3,621) +2.2% Gross operating income 3,306 3,175 +4.1% Cost of risk (441) (424) +4.2% Equity-accounted entities 30 47 (35.2%) Net income on other assets 455 15 x 29.4 Change in value of goodwill - - n.m. Income before tax 3,350 2,814 +19.0% Tax (541) (704) (23.2%) Net income from discont'd or held-for-sale ope. 0 - n.m. Net income 2,809 2,110 +33.1% Non controlling interests (420) (282) +48.7% Net income Group Share 2,390 1,828 +30.7% Earnings per share (€) N/A 0.58 n.m. Cost/Income ratio (%) 52.8% 53.3% -0.5 pp INCOME STATEMENT – Q2-25 VS Q2-24 AND H1-25 VS H1-24 APPENDICES H1-25 H1-24 ∆ H1/H1 14,263 13,602 +4.9% (7,691) (7,289) +5.5% 6,571 6,312 +4.1% (855) (824) +3.8% 77 90 (14.1%) 456 9 x 50.7 - - n.m. 6,250 5,587 +11.9% (1,368) (1,315) +4.0% 0 - n.m. 4,882 4,273 +14.3% (669) (542) +23.5% 4,213 3,731 +12.9% N/A 1.08 n.m. 53.9% 53.6% +0.3 pp
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS41 CRÉDIT AGRICOLE S.A. A STABLE. DIVERSIFIED AND PROFITABLE BUSINESS MODEL APPENDICES Revenues H1-2025 by business line (excluding Corporate Centre) (%) Net income Group share H1-2025 by business line (excluding Corporate Centre) (%) Insurance 10% Asset Mngt 12% Wealth Mngt 6% LCL 13% IRB 14% Consumer finance 10% Leasing & Factoring 3% CIB 25% Asset servicing 7% Revenues excl. CC H1-25: €14.4bn Retail banking 28% Spec. fin. serv. 12% Large customers 32% Asset gathering 28% Insurance 23% Asset Mngt 16% Wealth Mngt 2%LCL 8% IRB 11% Consumer finance 4% Leasing & Factoring 2% CIB 30% Asset servicing 4% Asset gathering 41% Spec. fin. serv. 6% Large customers 34% Net income excl. CC H1-25: €4.3bn Retail banking 19%
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS42 CRÉDIT AGRICOLE S.A. * ** Methodology: 9.5% of RWAs for each business line; Insurance: 80% of Solvency 2 capital requirements RWA AND ALLOCATED CAPITAL BY BUSINESS LINE APPENDICES €bn June 2025 March 2025 June 2024 June 2025 March 2025 June 2024 Asset gathering 51.4 51.7 55.5 13.2 13.4 12.8 - Insurance* ** 24.0 24.3 32.6 10.6 10.8 10.7 - Asset management 19.7 19.2 13.8 1.9 1.8 1.3 - Wealth Management 7.7 8.2 9.1 0.7 0.8 0.9 French Retail Banking (LCL) 55.7 53.9 53.7 5.3 5.1 5.1 International retail Banking 44.9 43.4 46.2 4.3 4.1 4.4 Specialised financial services 80.7 79.0 71.6 7.7 7.5 6.8 Large customers 134.7 141.7 142.9 12.8 13.5 13.6 - Financing activities 75.4 78.8 84.2 7.2 7.5 8.0 - Capital markets and investment banking 48.2 51.3 47.1 4.6 4.9 4.5 - Asset servicing 11.1 11.6 11.5 1.1 1.1 1.1 Corporate Centre 38.3 35.1 29.2 - - - TOTAL 405.7 404.7 399.2 43.2 43.6 42.7 Risk-weighted assets Capital Insurance 24% Asset Mngt 4% Wealth Mngt 2%LCL 12% IRB 10% Consumer finance 14% Leasing & Factoring 4% CIB 27% Asset servicing 3% Retail banking €9.6bn 22% Asset gathering €13.2bn 30% Total allocated capital end-June 2025: €43.2bn Large customers €12.8bn 30% Spec. fin. serv. €7.7bn 18% Insurance 6% Asset Mngt 5% Wealth Mngt 2% LCL 14% IRB 11% Consumer finance 16% Leasing & Factoring 4% CIB 30% Asset servicing 3% Corporate centre 9% Retail banking €100.6bn 25% Asset gathering €51.4bn 13% RWA end-June 2025: €405.7bn Large customers €134.7bn 33% Spec. fin. serv. €80.7bn 20%
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS43 CRÉDIT AGRICOLE S.A. Breakdown of share capital Number of shares % Number of shares % Number of shares % SAS Rue La Boétie 1,921,090,370 63.5% 1,898,995,952 62.4% 1,898,995,952 62.8% Treasury shares 1,128,288 0.0% 16,247,289 0.5% 1,263,997 0.0% Employees (company investment fund, ESOP) 192,402,648 6.4% 198,691,991 6.5% 193,113,776 6.4% Float 911,281,044 30.1% 927,095,795 30.5% 932,528,625 30.8% Total shares in issue (period end) 3,025,902,350 3,041,031,027 3,025,902,350 Total shares in issue, excluding treasury shares (period end) 3,024,774,062 3,024,783,738 3,025,590,631 Total shares in issue, excluding treasury shares (average number) 3,025,077,923 3,015,082,065 3,017,573,499 30/06/2025 31/12/2024 30/06/2024 1. Excluded in the calculation of earnings per share 2. Taking into account the share buyback program covering a maximum of 15.128.677 ordinary shares of Crédit Agricole S.A.. announced on 30 September 2024, launched on 1 October 2024 and which ended on 6 November 2024. The 15,128,677 ordinary shares were cancelled on 13 January 2025. DISTRIBUTION OF SHARE CAPITAL AND NUMBER OF SHARES APPENDICES (1) (2)
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS44 CRÉDIT AGRICOLE S.A. (€m) Q2-2025 Q2-2024 H1-25 H1-24 ∆ Q2/Q2 Net income Group share 2,390 1,828 4,213 3,731 +30.7% - Interests on AT1, including issuance costs, before tax (141) (83) (270) (221) +69.7% - Foreign exchange impact on reimbursed AT1 4 - 4 (247) n.m. NIGS attributable to ordinary shares [A] 2,252 1,745 3,947 3,263 +29.1% Average number shares in issue, excluding treasury shares (m) [B] 3,025 3,025 3,025 3,008 (0.0%) Net earnings per share [A]/[B] 0.74 € 0.58 € 1.30 € 1.08 € +29.1% (€m) 30/06/2025 30/06/2024 Shareholder's equity Group share 75,528 70,396 - AT1 issuances (8,612) (7,164) - Unrealised gains and losses on OCI - Group share 872 1,305 Net book value (NBV), not revaluated, attributable to ordin. sh. [D] 67,787 64,537 - Goodwill & intangibles** - Group share (18,969) (17,775) Tangible NBV (TNBV), not revaluated attrib. to ordinary sh. [E] 48,818 46,763 Total shares in issue, excluding treasury shares (period end, m) [F] 3,025 3,025 NBV per share , after deduction of dividend to pay (€) [D]/[F] 22.4 € 21.3 € TNBV per share, after deduction of dividend to pay (€) [G]=[E]/[F] 16.1 € 15.5 € ** including goodwill in the equity-accounted entities (€m) H1-25 H1-24 Net income Group share [K] 4,213 3,731 Added value Amundi US [L] 304 0 Additionnal corporate tax [LL] -129 0 IFRIC [M] -173 -110 NIGS annualised (1) [N] 8,382 7,572 Interests on AT1, including issuance costs, before tax, foreign exchange impact, annualised [O] -536 -689 Result adjusted [P] = [N]+[O] 7,846 6,884 Tangible NBV (TNBV), not revaluated attrib. to ord. sh. - avg *** (2) [J] 47,211 44,710 ROTE adjusted (%) = [P] / [J] 16.6% 15.4% (1) ROTE calculated on the basis of an annualised underlying net income Group share and linearised IFRIC costs over the year (2) Average of the NTBV not revalued attributable to ordinary shares. calculated between 31/12/2024 and 30/06/2025 (line [E]), restated with an assumption of dividend for current exercises DATA PER SHARE APPENDICES *** including assumption of dividend for the current exercise
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS45 Appendices Risk indicators
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS46 CRÉDIT AGRICOLE S.A. EXPOSURE TO FRENCH SOVEREIGN RISK – CREDIT AGRICOLE S.A APPENDICES Banking activity(4) (in billion euros) Insurance activity(4) (in billion euros) 31/03/2025 Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income (OCI) Financial assets at amortised cost Total Bank activity (3) French government bond (OAT) 2.1 2.6 12.3 17.0 Assimilated to French sovereign risk (1) - 5.4 7.7 13.1 Total French sovereign risk of banking portfolio 2.1 8.0 20.0 30.1 31/03/2025 Other models (2) VFA model (2) (Variable Fee Approach) Total insurance activityFinancial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income (OCI) Financial assets at amortised cost Total assets on other models French government bond (OAT) - 1.3 0.4 1.7 35.5 37.2 Assimilated to French sovereign risk (1) - 1.7 0.5 2.2 9.9 12.1 Total French sovereign risk of insurance activities - 3.0 0.9 3.9 45.4 49.3 1. Public sector debt securities equivalent to those of central. regional or local governments 2. VFA model (Variable Fee Approach): Savings. Retirement and Funeral; BBA model (Building Block Approach): Personal protection (death & disability/creditor/group insurance); PAA model (Premium Allocation Approach): P&C 3. Figures before hedging. Hedging on government bonds (OAT) of banking portfolio: €0.3bn; Hedging on assimilated of banking portfolio: €0.4bn 4. Bonds only → The liabilities accounted with VFA model under IFRS 17 are related to Savings. Retirement and Funeral scope. The impact of valuation changes of the financial investments backed by these commitments is not material neither on Crédit Agricole S.A net income nor on its equity because of symmetrical valuation effects of these liabilities.
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS47 CRÉDIT AGRICOLE GROUP EXPOSURE TO FRENCH SOVEREIGN RISK – CREDIT AGRICOLE GROUP APPENDICES 31/03/2025 Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income (OCI) Financial assets at amortised cost Total Bank activity (3) French government bond (OAT) 2.1 2.9 21.7 26.8 Assimilated to French sovereign risk (1) - 5.4 17.1 22.5 Total French sovereign risk of banking portfolio 2.1 8.3 38.8 49.3 31/03/2025 Other models (2) VFA model (2) (Variable Fee Approach) Total insurance activityFinancial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income (OCI) Financial assets at amortised cost Total assets on other models French government bond (OAT) - 1.6 0.4 2.0 35.5 37.5 Assimilated to French sovereign risk (1) - 2.4 0.5 2.9 9.9 12.8 Total French sovereign risk of insurance activities - 4.0 0.9 4.9 45.4 50.3 1. Public sector debt securities equivalent to those of central. regional or local governments 2. VFA model (Variable Fee Approach): Savings. Retirement and Funeral; BBA model (Building Block Approach): Personal protection (death & disability/creditor/group insurance); PAA model (Premium Allocation Approach): P&C 3. Figures before hedging. Hedging on government bonds (OAT) of banking portfolio: €0.0bn; Hedging on assimilated of banking portfolio: €1.3bn 4. Bonds only → The liabilities accounted with VFA model under IFRS 17 are related to Savings. Retirement and Funeral scope. The impact of valuation changes of the financial investments backed by these commitments is not material neither on Crédit Agricole Group net income nor on its equity becauseof symmetrical valuation effects of these liabilities. Banking activity(4) (in billion euros) Insurance activity(4) (in billion euros)
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS48 CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. (*) Cost of risk/outstandings (on an annualised quarterly basis) at 3 bp for Financing activities, 131 bp for CAPFM, 22 bp for LCL, 29 bp for CA Italia, 8 bp for CAL&F and 24 bp for the RBs. Coverage ratios are calculated based on loans and receivables due from customers in default. CoR : +19.6% Q2/Q2; CoR / outstandings : 135 bp NPL ratio : 4.6% ; Coverage ratio : 73.2% CoR / outstandings : 6 bp NPL ratio: 1.8% ; Coverage ratio : 80.2% CoR : -10.5% Q2/Q2 ; CoR / outstandings : 21 bp NPL ratio : 2.0% ; Coverage ratio : 94.6% CoR : -0.3% Q2/Q2 ; CoR / outstandings : 20 bp NPL ratio : 2.1% ; Coverage ratio : 60.9% CoR : -26.4% Q2/Q2; CoR / outstandings : 36 bp NPL ratio : 2.7% ; Coverage ratio : 81.0% LCLCAPFMCrédit Agricole CIB – Financing activities CA Italy Regional Banks COST OF RISK APPENDICES CAL&F CoR : -63.9% Q2/Q2; CoR / outstandings : 21 bp NPL ratio : 3.0% ; Coverage ratio : 49.9% 52 -8 -79 -5 953 10 166 -10 -84 -17 4 1 -3 238 6 88 -19 12 33 4 14 11 6 -110 -90 -70 -50 -30 -10 10 30 -100 -50 0 50 100 150 200 250 300 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 S3 CoR S1&S2 CoR Others CoR/oustandings four rolling quarters 227 193 223 227 228 -28 6 43 -9 -1 -9 2 20 7 1191 201 286 225 228 114 112 127 130 135 -10 40 90 140 -35 15 65 115 165 215 265 315 365 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 S3 CoR S1&S2 CoR Others CoR/oustandings four rolling quarters 89 94 36 95 104 4 -18 42 0 -10 2 5 -1 -3 95 82 78 92 95 22 23 22 20 20 -1 4 9 14 19 24 29 -30 20 70 120 170 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 S3 CoR S1&S2 CoR Others CoR/oustandings four rolling quarters 59 53 70 52 52 0 1 3 2 2 3 -7 3 2 2 61 48 76 56 45 50 44 40 39 36 -5 5 15 25 35 45 55 -15 5 25 45 65 85 105 125 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 S3 CoR S1&S2 CoR Others CoR/oustandings four rolling quarters 27 24 27 22 26 -7 0 -5 6 -21-1 -2 -3 -4 1 21 22 24 25 21 20 22 20 24 7 -10000.0% -7000.0% -4000.0% -1000.0% 2000.0% -20 30 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 S3 CoR S1&S2 CoR Others CoR/oustandings four rolling quarters 256 321 184 265 321 171 54 87 46 67 18 -10 -8 8 10 444 364 263 319 397 20 21 20 21 21 -30 -20 -10 - 10 20 30 -50 50 150 250 350 450 550 650 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 S3 CoR* S1&S2 CoR Others CoR/oustandings four rolling quarters
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS49 CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE S.A. RISK INDICATORS APPENDICES Change in loans outstanding €m June 24 Sept. 24 Dec. 24 March 25 June 25 Gross customer loans outstanding 1,186,544 1,189,387 1,210,126 1,208,120 1,212,138 of which: impaired loans 25,723 25,737 25,147 25,165 25,947 Loans loss reserves (incl. collective reserves) 21,173 21,314 21,284 21,365 21,620 of which: loans loss reserves for Stage 1 & 2 outstandings 8,759 8,725 8,973 9,090 9,103 of which: loans loss reserves for Stage 3 outstandings 12,414 12,588 12,312 12,275 12,517 Impaired loans ratio 2.2% 2.2% 2.1% 2.1% 2.1% Coverage ratio (excl. collective reserves) 48.3% 48.9% 49.1% 48.8% 48.2% Coverage ratio (incl. collective reserves) 82.3% 82.8% 84.9% 84.9% 83.3% €m June 24 Sept. 24 Dec. 24 March 25 June 25 Gross customer loans outstanding 538,317 539,065 557,686 555,013 555,811 of which: impaired loans 13,549 13,461 12,935 12,602 13,012 Loans loss reserves (incl. collective reserves) 9,662 9,612 9,585 9,440 9,388 of which: loans loss reserves for Stage 1 & 2 outstandings 3,315 3,251 3,435 3,451 3,316 of which: loans loss reserves for Stage 3 outstandings 6,347 6,361 6,151 5,989 6,073 Impaired loans ratio 2.5% 2.5% 2.3% 2.3% 2.3% Coverage ratio (excl. collective reserves) 46.8% 47.3% 47.6% 47.5% 46.7% Coverage ratio (incl. collective reserves) 71.3% 71.4% 74.1% 74.9% 72.2% Crédit Agricole S.A. - Evolution of credit risk outstandings Crédit Agricole Group - Evolution of credit risk outstandings
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS50 CRÉDIT AGRICOLE GROUP GCA: €57.4bn (-0.8% Dec./June). representing 3.2% of commercial lending ▪ of which ~€14.9bn for office real estate, ~€9.8bn for commercial spaces and ~€16.1bn for residential real estate ▪ of which €25.9bn Regional Banks, €22.2bn Crédit Agricole CIB, €5.4bn LCL and €1.5bn CA Italia Crédit Agricole S.A.: €31.5bn (-1.9% Dec./June), representing 2.9% of commercial lending ▪ of which ~€9.8bn for office real estate, ~€5.4bn for commercial spaces and ~€6.3bn for residential real estate. Exposures (on- and off-balance sheet)/type of customer (commercial real estate data(1) CAG end-Dec. 2024) 1. Balance sheet and off-balance sheet; the scope includes property developers, listed and unlisted REITs. specialised investment funds, real estate investors, and real estate subsidiaries of financial institutions (insurers. banks etc.); This scope is slightly different from the exposures to corporate real estate presented in the Registration Document, which notably includes real estate financing contributed from corporate clients. 2. LTV calculated on 67% of exposures to real estate professionals for CAG and 69% of CASA exposures. 3. Internal rating equivalent 4. Default rate calculated with on- and off-balance sheet exposures as the denominator. LTV (loan to value): 71% of CAG exposures with an LTV < 60%, 78% for CASA(2) High quality of CRE portfolio: 68% of exposures are Investment Grade for GCA and 81% for CASA(3) Low default rate in commercial real estate: 2.0% for CAG and 2.1% for CASA (4) and S3 coverage ratio of 56% for CAG and 56% for CASA. Exposures (on- and off-balance sheet)/geographic area (commercial real estate data(1) CAG end-Dec. 2024) CAG AND CASA EXPOSURE TO CORPORATE REAL ESTATE LIMITED AND OF HIGH QUALITY APPENDICES Limited exposure to commercial real estate (1) at end-December 2024 Good quality of commercial real estate assets and risks under control at end-December 2024 Real Estate companies and Real Estate Investment funds 37% Other sectors 5% Real Estate Developpers 24% Specialised Lending and Asset Investors 34% France 73% Italy 6% Rest of European Union 6% United States 6% Rest of the world 9%
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS51 CRÉDIT AGRICOLE S.A. (1) Exposure at default is a regulatory definition used in Pillar 3. It corresponds to the exposure at default after integration of risk reduction factors. It includes exposures to balance sheet assets and part of the off-balance sheet commitments after application of the credit conversion factor (2) Internal rating equivalent (3) Crédit Agricole CIB scope only. → 72.7% of Corporate exposures are Investment Grade(2) → SME exposures of €29.4bn at 30/06/2025 → LBO exposures(3) of €4.2bn at the end of May 2025 WELL-BALANCED CORPORATE PORTFOLIO APPENDICES Crédit Agricole S.A.: €376bn of EAD(1) Corporate at 30/06/2025 0.1% 0.8% 0.7% 0.7% 0.8% 0.0% 2.0% 2.6% 3.0% 2.6% 3.1% 3.2% 3.6% 3.8% 4.9% 3.7% 4.7% 5.8% 5.2% 6.1% 5.7% 5.0% 9.1% 7.8% 14.9% NON TRADING SERVICES / LOCAL AUTHORITIES (1 Bn) UTILITIES (3 Bn) MEDIA / PUBLISHING (3 Bn) WOOD / PAPER / PACKAGING (3 Bn) ENERGY (excl. O&G / Com traders et Electricity) (3 Bn) COMMODITY TRADERS O&G (0 Bn) TOURISM / HOTELS / RESTAURATION (7 Bn) CONSTRUCTION (10 Bn) OTHER INDUSTRIES (11 Bn) HEALTHCARE / PHARMACEUTILCALS (10 Bn) INSURANCE (12 Bn) IT / TECHNOLOGY (12 Bn) OTHER TRANSPORTS (13 Bn) SHIPPING (14 Bn) TELECOM (18 Bn) AIR / SPACE (14 Bn) RETAIL / CONSUMER GOODS INDUSTRIES (18 Bn) AGRICULTURE AND FOOD PROCESSING (22 Bn) HEAVY INDUSTRIES (20 Bn) OTHER (23 Bn) AUTOMOTIVE (21 Bn) OIL & GAS incl. commodity traders (19 Bn) ELECRICITY (34 Bn) REAL ESTATE (29 Bn) NON BANKING FINANCIAL ACTIVITIES (56 Bn)
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS52 CRÉDIT AGRICOLE S.A. • • The VaR (99%.1 day) of Crédit Agricole S.A. is measured by taking account of the effects of diversification among the various Group entities. • • VaR (99% - 1 day) as at 30 June 2025: €15m for Crédit Agricole S.A. RISK INDICATORS APPENDICES VaR – market risk exposures * Gains on risk factor diversification In m€ Minimum Maximum Average Fixed income 5 8 7 8 6 Credit 3 5 4 5 3 Foreign exchange 2 9 4 6 5 Equities 5 8 6 7 11 Commodities 0 0 0 0 0 Mutualised VaR for Crédit Agricole S.A 8 15 11 15 13 Compensation Effects* -10 -10 -13 Crédit Agricole S.A. - Market risk exposures - VaR (99% - 1 day) Q2-25 30/06/2025 31/12/2024 2 3 3 3 3 4 4 3 6 9 64 3 4 5 4 4 4 5 5 4 4 8 7 7 6 5 6 4 5 4 4 4 12 10 14 11 9 7 6 5 5 6 7 -7 -9 -10 -9 -7 -9 -8 -8 -10 -11 -10 19 14 18 16 14 12 10 11 10 11 11 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Crédit Agricole S.A. - Quaterly average of VaR (1 day - 99%, in €m) compensation effects Commodities Fixed income Credit Foreign exchange Equities Var for GCA
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS53 Appendices Financial structure and balance sheet
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS54 CRÉDIT AGRICOLE S.A. FINANCIAL STRUCTURE AND BALANCE SHEET APPENDICES Solvency (€bn) 30/06/25 31/12/24 Share capital and reserves 32.3 30.9 Consolidated reserves 42.1 38.7 Other comprehensive income (3.1) (2.0) Net income (loss) for the year 4.2 7.1 EQUITY - GROUP SHARE 75.5 74.7 (-) Expected dividend (2.0) (3.3) (-) AT1 instruments accounted as equity (8.6) (7.2) Eligible minority interests 5.2 5.2 (-) Prudential filters (1.0) (0.9) o/w: Prudent valuation (1.7) (1.4) (-) Deduction of goodwills and intangible assets (18.6) (18.5) Deferred tax assets that rely on future profitability excluding those arising from temporary differences (0.0) (0.0) Shortfall in adjustments for credit risk relative to expected losses under the internal ratings-based approach 0.0 (0.3) Amount exceeding thresholds (0.9) 0.0 Insufficient coverage for non-performing exposures (Pillar 2) (0.0) (0.0) Other CET1 components (1.2) (1.2) COMMON EQUITY TIER 1 (CET1) 48.3 48.5 Additionnal Tier 1 (AT1) instruments 8.4 7.4 Other AT1 components (0.1) (0.2) TOTAL TIER 1 56.6 55.8 Tier 2 instruments 15.4 16.0 Other Tier 2 components 0.4 0.5 TOTAL CAPITAL 72.3 72.2 RWAs 405.7 415.2 CET1 ratio 11.9% 11.7% Tier 1 ratio 14.0% 13.4% Total capital ratio 17.8% 17.4% Phased-in
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS55 CRÉDIT AGRICOLE S.A. FINANCIAL STRUCTURE AND BALANCE SHEET APPENDICES Change in Equity (€m) €m Group share Non-controlling interests Total Subordinated debt At 31 December 2024 74,710 8,601 83,311 29,273 Impacts of new standards ‐ ‐ ‐ Capital increase (208) ‐ (208) Dividends paid out in 2025 (3,328) (673) (4,001) Dividends received from Regional Banks and subsidiaries Change in treasury shares held 206 ‐ 206 Issuance / redemption of equity instruments 1,371 505 1,876 Remuneration for equity instruments issued (247) (38) (285) Impact of acquisitions/disposals on non-controlling interests ‐ ‐ ‐ Change due to share-based payments 9 ‐ 9 Change in other comprehensive income (1,006) (38) (1,044) Change in share of reserves of equity affiliates (181) (44) (225) Result for the period 4,213 669 4,882 Other (11) ‐ (11) At 30 June 2025 75,528 8,982 84,510 28,141
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS56 CRÉDIT AGRICOLE S.A. * *** * * FINANCIAL STRUCTURE AND BALANCE SHEET APPENDICES Balance sheet (€bn) Assets 30/06/2025 31/12/2024 Liabilities 30/06/2025 31/12/2024 Cash and Central banks 168.9 162.3 Central banks 0.0 1.4 Financial assets at fair value through profit or loss 594.2 600.9 Financial liabilities at fair value through profit or loss 401.0 413.5 Hedging derivative instruments 16.3 19.2 Hedging derivative instruments 25.2 27.3 Financial assets at fair value through other comprehensive income 230.3 223.6 Loans and receivables due from credit institutions 566.8 565.4 Due to banks 175.2 178.4 Loans and receivables due from customers 546.4 548.1 Customer accounts 869.6 868.1 Debt securities 87.7 89.0 Debt securities in issue 285.3 284.5 Revaluation adjustment on interest rate hedged portfolios -0.5 -0.2 Revaluation adjustment on interest rate hedged portfolios -6.6 -7.2 Current and deferred tax assets 5.3 5.0 Current and deferred tax liabilities 3.3 3.2 Accruals, prepayments and sundry assets 53.9 51.9 Accruals and sundry liabilities 69.9 61.1 Non-current assets held for sale and discontinued operations 0.0 0.8 Liabilities associated with non-current assets held for sale - 0.2 Insurance contrats issued- Assets - 0.0 Insurance contrats issued - Liabilities 375.1 362.9 Reinsurance contracts held - Assets 1.1 1.0 Reinsurance contracts held - Liabilities 0.1 0.1 Investments in equity affiliates 4.4 2.9 - - Investment property 10.3 10.4 Provisions 3.7 3.8 Property, plant and equipment 9.9 9.7 Subordinated debt 28.1 29.3 Intangible assets 3.3 3.4 Shareholder's equity 75.5 74.7 Goodwill 16.2 16.3 Non-controlling interests 9.0 8.6 Total assets 2,314.4 2,309.8 Total liabilities 2,314.4 2,309.8
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS57 Appendices Activity indicators
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS58 CRÉDIT AGRICOLE S.A. ACTIVITY INDICATORS – AG DIVISION APPENDICES Assets under management (€bn) €bn Jun. 23 Sept. 23 Dec. 23 Mar. 24 Jun. 24 Sept. 24 Dec. 24 Mar. 25 Jun. 25 ∆ Jun./Jun. Asset management – Amundi 1,961 1,973 2,037 2,116 2,156 2,192 2,240 2,247 2,267 +5.2% Savings/retirement 326 324 330 335 338 343 347 352 359 +6.4% Wealth management(1) 186 186 190 197 269 274 279 278 279 +3.7% Assets under management - Total 2,473 2,484 2,557 2,648 2,763 2,809 2,867 2,878 2,905 +5.2% (1) excluding institutional clients' assets under custody €bn Jun. 23 Sept. 23 Dec. 23 Mar. 24 Jun. 24 Sept. 24 Dec. 24 Mar. 25 Jun. 25 ∆ Jun./Jun. LCL Private Banking 61.9 61.6 62.3 63.6 63.8 64.8 64.4 64.7 64.7 +1.3% CAI Wealth Management 123.9 124.9 127.7 133.2 204.9 209.2 214.7 213.3 214.2 +4.5% Of which France 39.6 39.3 39.5 40.9 40.7 41.6 41.8 43.6 45.4 +11.5% Of which International(1) 84.3 85.6 88.1 92.2 164.3 167.5 173.0 169.7 168.8 +2.8% Total 186 186 190 197 269 274 279 278 279 +3.7% (1) excluding institutional clients' assets under custody
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS59 CRÉDIT AGRICOLE S.A. Combined property & casualty ratio in France (Pacifica) including discounting and excluding undiscounting. net of reinsurance: (claims + operating expenses + fee and commission income)/gross earned premiums Insurance – Breakdown of investments (excluding unit-linked)* ACTIVITY INDICATORS – AG DIVISION – INSURANCE APPENDICES Life insurance outstandings (€bn) 75.5% 74.5% 74.0% 8.7% 8.5% 8.3% 8.1% 7.8% 7.6% 7.2% 7.3% 7.2% 0.5% 1.9% 2.8% Market value Jun. 24 Market value Mar. 25 Market value Jun. 25 Short term investments Equity Private equity, infrastructures, alternate investments Real estate (buildings, shares, shares in SCIs) Interest rate products (bonds, etc…) Combined Ratio - P&C * Net of securities sold under repurchase agreements and amounts due to unit-holders of consolidated UCIs in particular Q2-24 Q2-25 94.6% 94.7%Combined Ratio €bn Jun. 23 Sept. 23 Dec. 23 Mar. 24 Jun. 24 Sept. 24 Dec. 24 Mar. 25 Jun. 25 ∆ Jun./Jun. Unit-linked 91.1 89.6 95.4 98.7 99.8 102.8 104.1 105.7 108.4 +8.6% In Euros 235.2 234.6 234.9 236.2 238.2 240.5 243.2 246.7 251.0 +5.4% Total 326.3 324.3 330.3 334.9 337.9 343.2 347.3 352.4 359.4 +6.4% Share of unit-linked 27.9% 27.6% 28.9% 29.5% 29.5% 29.9% 30.0% 30.0% 30.2% +2,1 pt
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS60 CRÉDIT AGRICOLE S.A. Savings. Retirement. Funeral Death & disability (excl. funeral). Creditor. Group insurance P&C ACTIVITY INDICATORS – AG DIVISION – INSURANCE REVENUES Components Other non- insurance activities Evolution and volatility factors Relative sensitivity estimated by model ++ + BBA ~15% PAA ~15% VFA ~70% Model Average weight • Technical result (net of reinsurance) • Financial result (*) • CSM allocation • Loss component (*) • RA amortisation • Operating variances (*) • Reinsurance (*) • Refinancing cost • Equity investments (*) components included in “other revenues” in the previous publications Business ~0% • Allocation of the CSM of the VFA model essentially depends on: o the evolution of outstandings (amount. behaviour of policyholders) o current market conditions (interest rates, Equities, spreads) largely absorbed by the CSM o forward-looking market conditions(over-return scenario) • From time to time. VFA and BBA revenues may be affected by the observation of operating variances and/or the re-evaluation of the profitability of some contracts (loss component) • Allocation of the CSM of the BBA model depends on: o the profitability of the Death & Disability and Creditor portfolio o the evolution of claims on these portfolios o The financial markets evolution (interest rates and spreads) • Evolution of premiums and cost of reinsurance • Level of claims, with: o the occurrence of major weather events o the change in the rate curves of the current financial year • Financial result depending on market conditions • Refinancing cost • Change in the valuation of equity investments classified as JVR held by the holding company +++ + ++ + + + + ++++ ++ ++ ++
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS61 CRÉDIT AGRICOLE S.A. ACTIVITY INDICATORS – AG DIVISION – INSURANCE REVENUES Revenues by activity - 2024 proforma series (€m) Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q2/Q2 Savings, Retirement, Funeral (VFA) 473 568 411 512 505 587 +3.3% Death & disability (excl. funeral), Creditor, Group insurance (BBA) 143 87 117 68 103 89 +2.4% P&C (PAA) 97 99 101 134 122 114 +14.2% Other non-insurance activities 8 20 6 0 -3 1 ns TOTAL 722 774 635 714 727 790 2.1%
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS62 CRÉDIT AGRICOLE S.A. 29.8% 29.1% 12.6% 11.5% 9.6% 8.6% 5.2% 4.8% 17.7% 19.7% 8.5% 7.9% 16.5% 18.4% Jun. 24 Jun. 25 JV Treasury Passive management Real, alternative and structured assets Equities Multi-assets Bonds ACTIVITY INDICATORS – AG DIVISION – AMUNDI APPENDICES Breakdown of assets under management by asset class (€bn)
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS63 CRÉDIT AGRICOLE S.A. Encours de collecte / Encours de crédits (Mds€) ACTIVITY INDICATORS – SFS DIVISION APPENDICES CAPFM OUTSTANDINGS Personal Finance & Mobility - Gross managed loans (€bn) Jun. 23 Sept. 23 Dec. 23 Mar. 24 Jun. 24 Sept. 24 Dec. 24 Mar. 25 Jun. 25 ∆ Jun./Jun. Crédit Agricole Group (LCL & RBs) 22.0 22.1 22.5 22.7 23.1 23.4 23.7 23.8 24.1 4.2% Automobile (CA Auto Bank + auto partnerships) 40.4 43.6 44.7 45.6 46.0 46.6 48.4 49.6 49.1 6.6% o/w CA Auto Bank 24.7 26.8 27.5 28.9 29.3 29.6 29.9 28.9 29.0 -1.0% Other entities 44.6 45.4 45.8 46.0 46.6 46.8 47.3 47.4 47.8 2.5% o/w CAPFM France 13.6 13.7 13.7 13.5 13.4 13.1 12.9 12.6 12.4 -6.9% o/w Agos 16.4 16.5 16.8 17.0 17.3 17.5 17.7 17.7 18.0 4.0% o/w Other entitiés 14.7 15.1 15.3 15.5 15.9 16.3 16.7 17.1 17.4 9.1% - 107.0 111.1 113.0 114.4 115.8 116.8 119.3 120.7 121.0 4.5% O/w total consolidated loans 64.5 65.8 66.8 68.1 68.6 68.9 69.1 68.7 68.0 -0.9% CAL&F OUTSTANDINGS Leasing & Factoring (CAL&F) - Leasing book and factored receivables (€bn) Jun. 23 Sept. 23 Dec. 23 Mar. 24 Jun. 24 Sept. 24 Dec. 24 Mar. 25 Jun. 25 ∆ Jun./Jun. Leasing portfolio 18.3 18.5 18.9 19.4 19.8 20.1 20.3 20.5 20.8 5.0% incl. France 14.7 14.9 15.1 15.4 15.7 15.9 16.0 16.1 16.4 4.1% Factored turnover 30.6 28.9 32.4 30.4 32.2 30.0 34.6 32.1 33.8 5.0% incl. France 19.3 17.8 20.4 18.7 19.9 18.1 21.2 19.3 20.6 3.8% Consumer finance and leasing/factored revenues (€m)
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS64 CRÉDIT AGRICOLE S.A. ACTIVITY INDICATORS – FRB DIVISION APPENDICES Customer assets and loans outstanding (€bn) LCL - Customer savings (€bn) Customer savings (€bn)* Jun. 23 Sept. 23 Dec. 23 Mar.24 Jun. 24 Sept. 24 Dec. 24 Mar.25 Jun. 25 ∆ Jun./Jun. Securities 13.9 14.2 13.8 15.7 14.4 14.6 14.8 14.7 14.7 +1.5% Mutual funds and REITs 8.9 8.9 9.2 9.8 9.6 10.4 10.2 9.6 9.7 +0.5% Life insurance 63.7 62.1 62.6 62.4 62.3 63.8 64.7 64.7 65.7 +5.5% Off-balance sheet savings 86.5 85.2 85.6 87.9 86.4 88.8 89.7 89.0 90.1 +4.3% Demand deposits 65.4 63.8 62.0 58.5 59.3 59.5 60.1 58.3 59.9 +1.0% Home purchase savings plans 9.7 9.6 9.4 9.3 9.2 9.0 8.9 8.8 8.7 (5.3%) Bonds 8.0 8.0 10.0 10.2 11.7 11.4 11.2 11.6 11.9 +1.2% Passbooks* 49.1 50.1 51.0 52.9 53.0 53.2 53.4 56.7 56.3 +6.2% Time deposits 22.2 24.3 29.7 32.1 32.3 31.3 31.7 32.0 29.3 (9.3%) On-balance sheet savings 154.4 155.9 162.0 162.9 165.4 164.5 165.3 167.5 166.0 +0.3% TOTAL 240.9 241.0 247.6 250.8 251.8 253.3 255.0 256.5 256.0 +1.7% Passbooks* o/w (€bn) Jun. 23 Sept. 23 Dec. 23 Mar.24 Jun. 24 Sept. 24 Déc. 24 Mar.25 Jun. 25 ∆ Jun./Jun. Livret A 15.3 15.7 15.8 16.8 17.1 17.4 17.5 18.2 18.4 +7.5% LEP 1.6 1.7 2.0 2.3 2.4 2.4 2.5 2.6 2.5 +4.2% LDD 9.6 9.7 9.6 10.0 10.1 10.2 10.1 10.5 10.5 +4.2% TOTAL 26.5 27.1 27.5 29.1 29.6 30.0 30.0 31.3 31.4 +6.1% * Including liquid company savings. Outstanding Livret A, LDD and LEP before centralisation with the CDC. Retail Banking in France (LCL) - Loans outstandings Loans outstanding (€bn) Jun. 23 Sept. 23 Dec. 23 Mar.24 Jun. 24 Sept. 24 Déc. 24 Mar.25 Jun. 25 ∆ Jun./Jun. Corporate 31.6 31.6 31.7 31.3 31.5 31.6 31.9 31.9 32.6 +3.4% Professionals 24.1 24.2 24.4 24.4 24.4 24.4 24.6 24.7 24.8 +1.7% Consumer credit 8.7 8.6 8.7 8.6 8.6 8.7 8.9 8.5 8.6 (0.3%) Home loans 102.9 103.5 103.9 103.8 103.7 104.1 105.3 105.6 105.6 +1.8% TOTAL 167.3 168.0 168.8 168.1 168.2 168.8 170.7 170.7 171.5 +2.0%
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS65 CRÉDIT AGRICOLE S.A. ACTIVITY INDICATORS – FRB DIVISION APPENDICES Revenues (€m) Revenues (€m) Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 ∆ Q2/Q2 Net interest income *,** 464 546 507 469 514 506 469 461 497 (3.4%) Home purchase savings plans (PEL/CEL) 0 52 6 0 1 0 0 0 -1 N.S. Net interest income excl. HPSP 464 494 501 469 513 506 469 461 498 (2.8%) Fee and commission Income** 495 450 452 485 465 473 491 502 479 +3.1% - Securities 30 30 33 33 30 28 31 24 22 (28.7%) - Insurance 196 182 183 204 193 190 188 217 204 +5.7% - Account management and payment instruments** 268 238 237 248 242 255 271 262 254 +4.9% TOTAL 959 996 959 954 979 979 960 963 976 (0.3%) TOTAL excl. HPSP 959 944 953 954 978 979 960 963 978 (0.0%) * incl. other revenues ** Accounting restatement between NII and commissions made since Q1-25
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS66 CRÉDIT AGRICOLE GROUP ALM POLICY APPENDICES Principles of ALM for the banking portfolio • Global interest rate risk quantified using static and dynamic measurements drawing on the calculation of interest rate gaps or impasses. year by year. measuring the difference between fixed-rate assets and liabilities on the balance sheet. Balance sheet outflow depends on customer behaviour. • CAG is structurally a fixed-rate receiver. the gaps are reduced by entering into fixed-rate payer swap contracts • Governance, standards and main fixed-rate asset and liability flow models centralised at CASA. Daily management decentralised within the entities. consolidated and reported to CASA each quarter. • Entity management through gap limits (interest rate corridor) Authorised limit (corridor) Zone of adverse exposure to decreasing interest rates 0.0% 1.0% LCL: Change in interest margin and impact of macro-hedging Net interest margin Macro-hedging reduces the sensitivity of LCL’s NIM to changes in interest rates Macro-hedging effectwhen rates are rising. macro- hedging contributes positively to NIM this effect hasgradually diminished since early 2024Gross interest margin Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11 Y12 Y13.. Fixed rate gap for illustration (not in line with reality) Liability Asset Fixed rate GAP before hedging Fixed rate GAP after hedging
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS67 CRÉDIT AGRICOLE S.A. APPENDICES Change in average customer rates (resources and loans) -1.9% -1.4% -0.9% -0.4% 0.1% 0.6% 1.1% 1.6% 2.1% Q4-21 Q2-22 Q4-22 Q2-23 Q4-23 Q2-24 Q4-24 Q2-25 Average rate on customer loans Average rate on customer ressourcesChange in LCL’s balance sheet structure – between end-2021 and mid-2025 Increase in the cost of resources: shift in the deposit mix & rise in interest rates Gradual repricing of the loan book. constrained by the usury rate & reduced production Average rates incorporating fixed rate and variable rate before hedging. Trends are the same after hedging. x 3 1/2 → 1/3 Loans outstanding Deposits outstanding *Bonds: outstandings related to life insurance inflows Corporate 19% Professionals 14% Consumer credit 6% Home loans 61% dec-21 € 151 bn Demand deposits 54% HPSP* 7% Bonds** 3% Passbooks 29% Time deposits 6% dec-21 € 145 bn Demand deposits 36% HPSP* 5% Bonds** 7% Passbooks 34% Time deposits 18% june-25 € 166 bn Corporate 19% Professionals 14% Consumer credit 5% Home loans 62% june-25 € 172 bn
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS68 CRÉDIT AGRICOLE GROUP Customer assets (€bn)* Jun. 23 Sept. 23 Dec. 23 Mar. 24 Jun. 24 Sept. 24 Dec. 24 Mar. 25 Jun. 25 ∆ Jun./Jun. Securities 46.8 46.7 47.5 49.4 46.8 48.4 47.8 49.3 49.3 +5.4% Mutual funds and REITs 27.8 27.6 28.5 29.5 29.6 31.0 30.3 32.3 32.8 +10.9% Life insurance 212.4 210.6 216.2 218.7 219.8 222.2 226.9 231.0 235.0 +6.9% Off-balance sheet assets 287.1 284.9 292.2 297.6 296.2 301.6 305.0 312.6 317.2 +7.1% Demand deposits 212.0 211.2 204.1 197.5 201.2 200.1 199.0 196.8 200.8 (0.2%) Home purchase savings schemes 105.8 103.4 101.6 96.7 93.5 91.3 90.7 87.7 85.7 (8.3%) Passbook accounts 198.1 199.4 203.8 206.0 207.6 209.6 215.8 218.0 219.5 +5.7% Time deposits 63.1 73.0 86.3 95.3 99.3 100.3 100.4 100.6 100.2 +0.9% On-balance sheet assets 579.0 586.9 595.8 595.5 601.5 601.3 605.9 603.2 606.1 +0.8% TOTAL 866.1 871.9 888.0 893.1 897.8 903.0 910.9 915.7 923.3 +2.8% Passbooks, o/w (€bn)* Jun. 23 Sept. 23 Dec. 23 Mar. 24 Jun. 24 Sept. 24 Dec. 24 Mar. 25 Jun. 25 ∆ Jun./Jun. Livret A 77.9 79.6 82.3 84.3 85.8 86.9 90.2 91.3 92.0 +7.3% LEP 17.8 18.6 22.9 24.4 24.5 24.9 26.4 26.7 25.6 +4.4% LDD 40.3 40.8 41.9 42.6 43.1 43.4 44.6 45.1 45.5 +5.5% Mutual shareholders passbook account 13.5 13.9 13.9 14.7 15.3 15.9 16.6 17.6 18.5 +20.9% * including customer financial instruments. Livret A, LDD and LEP outstandings before centralisation with the CDC. Loans outstanding (€bn) Jun. 23 Sept. 23 Dec. 23 Mar. 24 Jun. 24 Sept. 24 Dec. 24 Mar. 25 Jun. 25 ∆ Jun./Jun. Home loans 390.5 392.1 392.7 390.7 390.4 391.0 392.0 392.3 393.6 +0.8% Consumer credit 23.2 23.2 23.6 23.5 23.6 23.9 24.3 24.2 24.6 +4.1% SMEs 118.1 119.5 121.0 121.7 122.4 124.1 125.8 126.6 127.1 +3.9% Small businesses 31.1 30.8 30.5 30.1 29.9 29.8 29.6 29.5 29.4 (1.6%) Farming loans 46.3 46.5 46.0 46.3 46.8 47.2 46.6 47.1 47.8 +2.1% Local authorities 33.2 32.7 32.4 31.4 30.8 29.7 29.5 29.0 29.1 (5.6%) TOTAL 642.4 644.9 646.2 643.6 644.0 645.8 647.8 648.8 651.7 +1.2% ACTIVITY INDICATORS – RB DIVISION APPENDICES Customer assets and loans outstanding (€bn)
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS69 CRÉDIT AGRICOLE GROUP €m Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 ∆ Q2/Q2 Services and other banking transactions 227 227 209 240 230 231 238 243 237 +3.0% Securities 68 65 71 80 76 77 77 87 77 +2.1% Insurance 852 852 824 1,086 885 890 850 1,043 912 +3.1% Account management and payment instruments 530 538 543 543 550 562 553 561 560 +1.8% Net fees & commissions from other customer activities(1) 126 116 152 103 119 125 111 113 108 (8.9%) TOTAL(1) 1,801 1,798 1,799 2,052 1,859 1,886 1,829 2,046 1,894 +1.9% (1) Revenues generated by the subsidiaries of the Regional Banks, namely fees and commisions from leasing and operating leasing transactions ACTIVITY INDICATORS – RB DIVISION APPENDICES Fee and commission income breakdown/Evolution of credit risk outstandings (€m) €m June 24 Sept. 24 Dec. 24 March 25 June 25 Gross customer loans outstanding 648,040 650,146 652,353 653,020 656,226 of which: impaired loans 12,172 12,272 12,119 12,560 12,932 Loans loss reserves (incl. collective reserves) 11,507 11,699 11,696 11,923 12,228 of which: loans loss reserves for Stage 1 & 2 outstandings 5,443 5,474 5,537 5,639 5,787 of which: loans loss reserves for Stage 3 outstandings 6,064 6,225 6,159 6,283 6,442 Impaired loans ratio 1.9% 1.9% 1.9% 1.9% 2.0% Coverage ratio (excl. collective reserves) 49.8% 50.7% 50.8% 50.0% 49.8% Coverage ratio (incl. collective reserves) 94.5% 95.3% 96.5% 94.9% 94.6% Regional Banks - Evolution of credit risk outstandings
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS70 CRÉDIT AGRICOLE GROUP LCL new loans production (excluding SGL) since 2018 (€bn) Regional Banks new loans production (excluding SGL) since 2018 (€bn) CHANGE IN FRENCH RETAIL BANKING NEW LOANS PRODUCTION APPENDICES 0.7 0.8 0.8 0.8 0.7 0.9 0.9 0.8 0.7 0.5 0.8 0.7 0.7 0.7 0.9 0.8 0.8 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.7 0.6 0.6 0.6 2.8 3.9 4.9 4.5 4.2 4.3 5.6 4.9 3.9 3.7 3.9 3.9 3.3 4.5 5.9 5.2 4.6 6.1 5.8 4.7 3.6 3.3 2.8 2.3 1.6 1.9 3.3 3.7 2.4 2.4 0.9 1.0 0.9 1.1 1.0 1.1 1.1 1.2 1.1 1.1 1.0 1.2 1.1 1.3 1.1 1.2 1.5 1.5 1.6 1.3 1.6 1.2 1.1 1.1 1.1 1.0 1.0 1.4 1.1 1.1 2.2 2.5 2.4 2.8 2.1 2.4 2.1 1.9 1.8 1.6 1.2 1.9 1.3 2.6 2.2 2.5 2.6 3.6 3.0 2.4 1.4 1.8 2.1 2.2 1.7 2.4 2.5 2.8 2.6 2.7 6.6 8.2 9.0 9.2 8.0 8.7 9.6 8.9 7.6 6.9 7.0 7.8 6.5 9.2 10.1 9.7 9.5 11.9 11.2 9.2 7.2 7.0 6.8 6.3 5.1 6.0 7.5 8.5 6.7 6.8 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Consumer credit Homeloans Professionals Corporate Average prod. Average prod. Average prod. Average prod. Average prod. Average prod. 8.2 8.8 7.3 8.9 10.5 6.8 Average prod. 6.8 6.8 Average prod. 2.0 2.3 2.2 2.4 2.1 2.3 2.2 2.7 2.0 1.4 2.4 2.2 2.1 2.4 2.1 2.4 2.2 2.3 2.1 2.1 2.0 2.0 1.9 2.0 1.8 2.0 2.0 2.1 1.9 2.1 12.6 13.9 15.7 14.7 13.0 14.7 17.5 16.9 14.2 13.9 15.8 18.9 14.9 18.0 18.6 16.1 15.2 16.9 17.9 16.3 13.0 12.9 11.5 9.6 7.2 8.5 10.2 10.4 9.9 10.9 8.5 8.8 8.0 10.2 8.6 9.7 9.1 11.6 5.6 10.8 8.6 11.1 9.3 10.7 9.3 11.9 10.7 12.5 10.4 13.2 11.5 11.0 9.5 10.9 8.9 9.5 9.1 11.7 9.7 10.8 23.1 25.0 25.9 27.3 23.7 26.7 28.8 31.3 21.7 26.1 26.8 32.3 26.3 31.1 30.0 30.4 28.0 31.8 30.5 31.6 26.6 25.9 22.9 22.5 18.0 20.0 21.3 24.2 21.5 23.7 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Consumer credit Home loans Corporates-Professionals-Agriculture-public entities 25.3 Average prod. 27.6 Average prod. 26.7 Average prod. 29.5 Average prod. 30.5 Average prod. 24.5 Average prod. Average prod. 20.9 22.6 Average prod.
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS71 CRÉDIT AGRICOLE S.A. * Net of POCI outstandings ACTIVITY INDICATORS – IRB DIVISION APPENDICES Loans outstandings/On-balance sheet deposits/Revenues by entity and by type of customer (%) 89% 8% 1% 1% Outstanding loans Q2-25 by entity Italy Poland Egypt Ukraine 86% 9% 2% 3% Outstanding on-B/S deposits Q2-25 by entity Italy Poland Egypt Ukraine 76% 14% 5% 5% Revenues Q2-25 by entity Italy Poland Egypt Ukraine CA Italy (€bn) * June 23 Sept 23 Dec 23 Mar 24 June 24 Sept 24 Dec. 24 Mar 25 June 25 ∆ June / June Total loans outstanding 59.7 59.5 61.1 60.1 61.0 61.3 62.1 61.1 62.0 +1.6% o/w retail customer loans 29.0 29.6 29.9 29.9 30.2 30.7 30.9 30.8 31.1 +2.8% o/w professionals loans 8.9 8.7 8.6 8.0 7.9 7.9 7.9 7.6 7.6 (4.2%) o/w corporates loans, including SMEs 18.8 18.2 19.5 19.1 19.7 19.6 20.2 19.6 20.2 +2.3% dont leasing et autres 2.9 3.0 3.1 3.1 3.1 3.1 3.2 3.1 3.1 +0.8% On-balance sheet customer assets 63.7 64.5 65.7 65.5 65.3 64.2 66.0 64.1 65.5 +0.3% Off-balance sheet customer assets 49.5 48.8 50.1 50.8 51.4 53.2 54.0 54.1 55.0 +6.9% Total assets (€bn) 113.2 113.2 115.8 116.3 116.7 117.4 120.0 118.2 120.5 +3.2% IRB Others (€bn) June 23 Sept 23 Dec 23 Mar 24 June 24 Sept 24 Dec 24 Mar 25 June 25 ∆ June / June Total loans outstanding 6.9 7.0 7.3 7.0 7.0 7.3 7.3 7.4 7.4 +5.2% o/w retail customer loans 3.8 3.8 4.0 4.0 4.1 4.2 4.3 4.4 4.4 +7.0% o/w SMEs and professionnals 0.3 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.4 +9.1% o/w Large corporates 2.8 2.9 3.0 2.7 2.6 2.7 2.6 2.7 2.6 +1.8% On-balance sheet customer assets 10.2 10.3 11.2 10.0 10.2 10.2 11.2 11.0 10.6 +4.6% Off-balance sheet customer assets 0.6 0.6 0.7 0.8 0.8 0.9 0.9 1.0 1.0 +27.8% Total assets (€bn) 10.8 11.0 11.9 10.8 11.0 11.0 12.1 12.0 11.7 +6.4%
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS72 CRÉDIT AGRICOLE S.A. ACTIVITY INDICATORS – IRB DIVISION APPENDICES Revenues (€m) IRB Italy - Changes in detailed revenues Revenues (€m) Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 ∆ Q2/Q2 0 Net interest income 454 459 450 450 453 447 449 424 433 (4.4%) Fee and commission Income 308 320 292 303 328 322 292 326 328 +0.1% - Fees and commissions on managed assets 122 117 100 145 139 129 118 162 151 +8.7% - Banking fees and commissions 186 204 193 158 189 194 173 164 177 (6.4%) Other revenues (2) 4 (28) 21 4 (6) (7) 27 6 +65.8% TOTAL 760 783 714 775 784 764 733 777 767 (2.2%)
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS73 Appendices Crédit Agricole Group
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS74 CRÉDIT AGRICOLE GROUP RB: Regional Banks; AG: Asset Gathering, including Insurance; IRB: International Retail Banking, SFS: Specialised financial services; LC: Large customers; CC: Corporate Centre CONTRIBUTION OF THE BUSINESS LINES TO Q2-25 RESULTS APPENDICES €m RB LCL IRB AG SFS LC CC Total Revenues 3,364 976 1,031 1,967 881 2,224 (635) 9,808 Operating expenses (2,690) (597) (540) (864) (438) (1,257) 514 (5,872) Gross operating income 674 380 491 1,104 442 967 (121) 3,936 Cost of risk (397) (95) (61) (7) (235) (20) (26) (840) Equity-accounted entities 1 - - 58 (13) 10 - 56 Net income on other assets 1 1 0 449 1 0 0 452 Income before tax 278 286 430 1,604 194 958 (147) 3,604 Tax (96) (69) (130) (249) (58) (149) 136 (615) Net income from discont'd or held-for-sale ope. - - 0 - - - 0 0 Net income 182 218 300 1,356 136 810 (11) 2,990 Non controlling interests (0) (0) (40) (247) (22) (43) 1 (352) Net income Group Share 182 217 260 1,108 114 767 (10) 2,638 Q2-25 €m RB LCL IRB AG SFS LC CC Total Revenues 3,255 979 1,051 1,946 889 2,223 (837) 9,507 Operating expenses (2,560) (591) (573) (813) (443) (1,204) 497 (5,687) Gross operating income 694 389 477 1,133 447 1,019 (340) 3,819 Cost of risk (444) (95) (75) (2) (211) (39) (6) (872) Equity-accounted entities 2 - - 33 29 10 - 74 Net income on other assets 1 2 0 (12) (1) 2 (0) (7) Income before tax 253 296 402 1,152 265 993 (347) 3,014 Tax (44) (65) (117) (282) (54) (248) 48 (762) Net income from discont'd or held-for-sale ope. - - - - - - - - Net income 209 231 285 870 210 745 (299) 2,252 Non controlling interests (1) (0) (38) (124) (23) (36) (2) (224) Net income Group Share 208 231 247 746 187 710 (300) 2,028 Q2-24
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS75 CRÉDIT AGRICOLE GROUP RB: Regional Banks; AG: Asset Gathering, including Insurance; IRB: International Retail Banking, SFS: Specialised financial services; LC: Large customers; CC: Corporate Centre CONTRIBUTION OF THE BUSINESS LINES TO H1-25 RESULTS APPENDICES €m RB LCL IRB AG SFS LC CC Total Revenues 6,716 1,939 2,079 4,016 1,749 4,632 (1,275) 19,856 Operating expenses (5,220) (1,222) (1,075) (1,799) (912) (2,617) 982 (11,864) Gross operating income 1,496 717 1,003 2,217 837 2,015 (293) 7,992 Cost of risk (717) (186) (128) (17) (484) 5 (48) (1,575) Equity-accounted entities 7 - - 86 23 16 - 131 Net income on other assets 3 2 0 449 1 0 0 456 Income before tax 790 533 875 2,734 376 2,036 (341) 7,004 Tax (267) (181) (267) (599) (71) (453) 182 (1,656) Net income from discontinued or held-for-sale operations - - 0 - - - - 0 Net income 523 352 608 2,135 305 1,583 (159) 5,348 Non controlling interests (0) (0) (82) (348) (43) (78) 7 (545) Net income Group Share 523 352 526 1,787 263 1,504 (151) 4,803 H1-25 €m RB LCL IRB AG SFS LC CC Total Revenues 6,568 1,933 2,131 3,739 1,736 4,489 (1,565) 19,031 Operating expenses (5,044) (1,193) (1,098) (1,567) (897) (2,501) 1,024 (11,276) Gross operating income 1,524 740 1,033 2,172 839 1,988 (541) 7,755 Cost of risk (691) (214) (159) (5) (429) (5) (20) (1,523) Equity-accounted entities 7 - - 61 59 14 - 142 Net income on other assets 3 4 (0) (20) (1) 2 (2) (14) Income before tax 842 530 875 2,208 468 1,999 (563) 6,361 Tax (191) (119) (260) (501) (97) (482) 133 (1,517) Net income from discontinued or held-for-sale operations - - - - - - - - Net income 651 412 615 1,707 372 1,517 (430) 4,843 Non controlling interests (1) (0) (89) (236) (42) (69) 6 (432) Net income Group Share 650 412 525 1,471 330 1,448 (424) 4,412 H1-24
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS76 CRÉDIT AGRICOLE GROUP INCOME STATEMENT – Q2-25 VS Q2-24 AND H1-25 VS H1-24 APPENDICES €m Q2-25 Q2-24 ∆ Q2/Q2 Revenues 9,808 9,507 +3.2% Operating expenses (5,872) (5,687) +3.2% Gross operating income 3,936 3,819 +3.1% Cost of risk (840) (872) (3.7%) Equity-accounted entities 56 74 (24.0%) Net income on other assets 452 (7) n.m. Change in value of goodwill - - n.m. Income before tax 3,604 3,014 +19.6% Tax (615) (762) (19.3%) Net income from discont'd or held-for-sale ope. 0 - n.m. Net income 2,990 2,252 +32.8% Non controlling interests (352) (224) +57.0% Net income Group Share 2,638 2,028 +30.1% Cost/Income ratio (%) 59.9% 59.8% +0.0 pp H1-25 H1-24 ∆ H1/H1 19,856 19,031 +4.3% (11,864) (11,276) +5.2% 7,992 7,755 +3.0% (1,575) (1,523) +3.4% 131 142 (7.9%) 456 (14) n.m. - - n.m. 7,004 6,361 +10.1% (1,656) (1,517) +9.1% 0 - n.m. 5,348 4,843 +10.4% (545) (432) +26.1% 4,803 4,412 +8.9% 59.8% 59.2% +0.5 pp
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS77 CRÉDIT AGRICOLE GROUP CRÉDIT AGRICOLE GROUP APPENDICES H1 Revenues and net income Group share by business line excluding Corporate Center (€m) Insurance 7% Asset management 8% Wealth management 4% Regional Banks 32%LCL 9% IRB 10% Consum. Finance 6% Leasing & Fact. 2% CIB 17% Asset servicing 5% Revenues excl. CC H1-25: €21.1bn Retail banking 51% Asset gathering 19% Spec. fin. serv. 8% Large customers 22% Insurance 20% Asset management 14% Wealth management 2%Regional Banks 11%LCL 7% IRB 11% Consum. Finance 4% Leasing & Fact. 1% CIB 27% Asset servicing 3% Retail banking 28% Asset gathering 36% Spec. fin. serv. 5% NIGS excl. CC H1-25: €5bn Large customers 30%
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS78 CRÉDIT AGRICOLE GROUP FINANCIAL STRUCTURE AND BALANCE SHEET APPENDICES Solvency (€bn) 30/06/25 31/12/24 Share capital and reserves 33.6 32.0 Consolidated reserves 109.4 103.0 Other comprehensive income (2.9) (1.8) Net income (loss) for the year 4.8 8.6 EQUITY - GROUP SHARE 144.9 141.9 (-) Expected dividend (0.9) (1.6) (-) AT1 instruments accounted as equity (8.6) (7.2) Eligible minority interests 4.2 4.2 (-) Prudential filters (2.4) (2.2) o/w: Prudent valuation (3.1) (2.7) (-) Deduction of goodwills and intangible assets (19.3) (19.1) Deferred tax assets that rely on future profitability excluding those arising from temporary differences (0.0) (0.0) Shortfall in adjustments for credit risk relative to expected losses under the internal ratings-based approach 0.0 (0.4) Amount exceeding thresholds 0.0 0.0 Insufficient coverage for non-performing exposures (Pillar 2) (1.5) (1.4) Other CET1 components (2.3) (1.9) COMMON EQUITY TIER 1 (CET1) 114.1 112.2 Additionnal Tier 1 (AT1) instruments 8.4 7.4 Other AT1 components (0.0) (0.1) TOTAL TIER 1 122.5 119.5 Tier 2 instruments 15.4 16.0 Other Tier 2 components 1.2 1.4 TOTAL CAPITAL 139.1 136.9 RWAs 649.0 653.4 CET1 ratio 17.6% 17.2% Tier 1 ratio 18.9% 18.3% Total capital ratio 21.4% 20.9% Phased-in
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS79 CRÉDIT AGRICOLE GROUP * *** FINANCIAL STRUCTURE AND BALANCE SHEET APPENDICES Balance sheet (€bn) Assets 30/06/2025 31/12/2024 Liabilities 30/06/2025 31/12/2024 Cash and Central banks 172.1 165.8 Central banks 0.0 1.4 Financial assets at fair value through profit or loss 603.6 607.5 Financial liabilities at fair value through profit or loss 395.8 407.8 Hedging derivative instruments 24.3 27.6 Hedging derivative instruments 29.3 32.1 Financial assets at fair value through other comprehensive income 241.5 234.5 Loans and receivables due from credit institutions 148.5 145.5 Due to banks 88.2 88.2 Loans and receivables due from customers 1190.5 1188.8 Customer accounts 1167.9 1164.5 Debt securities 123.2 123.6 Debt securities in issue 291.6 291.2 Revaluation adjustment on interest rate hedged portfolios -5.7 -5.0 Revaluation adjustment on interest rate hedged portfolios -7.1 -7.7 Current and deferred tax assets 8.1 7.6 Current and deferred tax liabilities 3.4 2.9 Accruals, prepayments and sundry assets 55.7 54.0 Accruals and sundry liabilities 79.1 70.9 Non-current assets held for sale and discontinued operations - 0.8 Liabilities associated with non-current assets held for sale - 0.2 Insurance contrats issued- Assets - 0.0 Insurance contrats issued - Liabilities 379.9 366.5 Reinsurance contracts held - Assets 1.1 1.0 Reinsurance contracts held - Liabilities 0.1 0.1 Investments in equity affiliates 3.7 2.5 Investment property 12.0 12.1 Provisions 5.6 5.7 Property, plant and equipment 14.9 14.6 Subordinated debt 28.0 29.1 Intangible assets 3.7 3.8 Shareholder's equity 144.9 141.9 Goodwill 16.8 16.9 Non-controlling interests 7.3 6.9 Total assets 2,614.0 2,601.7 Total liabilities 2,614.0 2,601.7
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS80 Ratings
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS81 CRÉDIT AGRICOLE S.A. Notations FINANCIAL RATINGS(1) APPENDICES 1. The ratings reflect the analysis of Crédit Agricole Group Crédit Agricole S.A. - Ratings Ratings LT / ST Counterparty Issuer / LT senior preferred debt Outlook / Review Issuer / ST senior preferred debt Last review date Rating action S&P Global Ratings AA-/A-1+ (RCR) A+ Stable outlook A-1 01/10/2024 LT / ST ratings affirmed; outlook unchanged Moody’s Aa3/P-1 (CRR) A1 Stable outlook P-1 10/07/2025 LT / ST ratings affirmed; outlook unchanged Fitch Ratings AA- (DCR) A+/AA- Stable outlook F1/F1+ 18/12/2024 LT / ST ratings affirmed; outlook unchanged DBRS AA (high) / R-1 (high) (COR) AA (low) Stable outlook R-1 (middle) 16/07/2025 LT / ST ratings affirmed; outlook unchanged
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS82 CASA’S RATINGS(2) REFLECT A WELL-DIVERSIFIED BUSINESS MODEL AND SOUND FINANCIAL MANAGEMENT • “Sound earnings, cooperative status, and conservative capital policy support the Group’s very solid capital position.”.” • “Firm leader in the French retail banking market, generating good and predictable risk-adjusted earnings”. • “Increasingly diverse business model and income sources, with leading franchises, notably in retail banking, insurance, and asset management.” • “Robust capital generation stemming from stable and diversified earnings and high profit retention at group level.” • “Solid asset quality” • Moody’s expects the rating of senior unsecured debt “to not be sensitive to a potential future adoption of full depositor preference in Europe.” • “Sufficient rating headroom to potentially withstand a one-notch downgrade of the French sovereign to A+, or the revision of the operating environment (OE) score. • given the group’s strong business profile, sound profitability metrics, • and ample capital and liquidity buffers.” A+/AA- stable(1) A+ stable (1) A1 stable (1) 1. Issuer credit rating/Long Term Senior Preferred Debt rating 2. The ratings reflect the analysis of Crédit Agricole Group As of 11/10/2024 As of 10/07/2025 As of 02/01/2025
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS83 CRÉDIT AGRICOLE S.A. NON-FINANCIAL RATING
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2ND QUARTER AND 1ST HALF-YEAR 2025 RESULTS84 This presentation is available at: www.credit-agricole.com/en/finance/finance/financial-publications See all our press releases at: www.credit-agricole.com – www.creditagricole.info @Crédit_Agricole Groupe Crédit Agricole @créditagricole_sa CRÉDIT AGRICOLE S.A. INVESTOR RELATIONS CONTACTS: Institutional investors investor.relations@credit-agricole-sa.fr Individual shareholders +33 800 000 777 relation@actionnaires.credit-agricole.com (toll-free call in France only) Cécile Mouton +33 1 57 72 86 79 cecile.mouton@credit-agricole-sa.fr Jean-Yann Asseraf +33 1 57 72 23 81 jean-yann.asseraf@credit-agricole-sa.fr Fethi Azzoug +33 1 57 72 03 75 fethi.azzoug@credit-agricole-sa.fr Oriane Cante +33 1 43 23 03 07 oriane.cante@credit-agricole-sa.fr Nicolas Ianna +33 1 43 23 55 51 nicolas.ianna@credit-agricole-sa.fr Leïla Mamou +33 1 57 72 07 93 leila.mamou@credit-agricole-sa.fr Anna Pigoulevski +33 1 43 23 40 59 anna.pigoulevski@credit-agricole-sa.fr CRÉDIT AGRICOLE PRESS CONTACTS: Alexandre Barat +33 1 57 72 12 19 alexandre.barat@credit-agricole-sa.fr Olivier Tassain +33 1 43 23 25 41 olivier.tassain@credit-agricole-sa.fr Mathilde Durand +33 1 57 72 19 43 mathilde.durand@credit-agricole-sa.fr Bénédicte Gouvert +33 1 49 53 43 64 benedicte.gouvert@ca-fnca.fr LIST OF CONTACTS