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Results in Q2 Business activity in Q2 Lyxor Amundi CRÉDIT AGRICOLE GROUP Very good results in Q2 2021 in a highly favourable market context Strong inflows¹ in MLT assets² ( + € 22bn ) ³ Net asset management revenues up + 9.0 % vs. Q1 2021 , driven in particular by exceptionally high performance fees ( € 155m ) Adjusted cost / income ratio of 45.7 % 4 ( ~ 50 % excluding exceptional level of performance fees5 ) Adjusted net income4 of € 345m ( + 11.9 % vs. Q1 2021 and + 48.3 % vs. Q2 2020 ) Net accounting income of € 448m including a one - off tax gain of € 114m² High inflows¹ of + € 21.7bn in MLT assets 2 - ³ driven by active management ( + € 18.9bn³ ) and by all customer segments Seasonal outflows in treasury products³ : € 17.0bn³ Total net inflows of + € 7.2bn AuM¹ of € 1,794bn at 30/06/2021 , up + 12.7 % year - on - year ( + 2.2 % for the quarter ) Acquisition master agreement signed on 11 June , ahead of schedule Preparation for Lyxor's integration advancing at the expected pace Completion planned for the end of 2021 Paris , 30 July 2021 Amundi's Board of Directors , chaired by Yves Perrier , convened on 29 July 2021 to review the financial statements for the second quarter of 2021 . Commenting on the figures , Valérie Baudson , CEO , said : " Amundi posted very good financial and operating performance in the second quarter of 2021 , driven by a growth momentum in all business lines , especially with buoyant inflows in MLT assets . The strong growth in net income was amplified by a very favourable market environment . The recent strategic initiatives ( the partnership with Banco Sabadell , the joint venture with Bank of China , and Amundi Technology ) are starting to bear fruits . The acquisition of Lyxor , whose integration is being actively prepared , will be a new growth driver . Such strong performances prove that Amundi's development strategy is relevant . Our Group has all the strengths needed to pursue its profitable growth trajectory " . ¹ Assets under management and net inflows , including Sabadell AM as of Q3 2020 and BOC WM as of Q1 2021 , include assets under advisory and assets marketed and take into account 100 % of the Asian JVs ' assets under management and net inflows . For Wafa in Morocco , assets are reported on a proportional consolidation basis . 2 Medium / Long - Term Assets : excluding treasury products 3 Excl . JVs 4 Adjusted data : excluding amortisation of the distribution contracts and the impact of Affrancamento . See page 8 for definitions and methodology . 5 Exceptional performance fees = difference compared to average performance fees per quarter in 2017-2020 6Accounting data : including amortisation of distribution contracts and , in Q2 and H1 2021 , including the one - off tax gain ( see below ) . 7One - off tax gain ( net of substitution tax ) of + € 114m ( no cash impact ) : " Affrancamento " mechanism in compliance with the Italian Budget Law for 2021 ( Law No. 178/2020 ) , resulting in the recognition of Deferred Tax Assets on intangible assets ( goodwill ) ; item excluded from Adjusted Net Income . 8 As a reminder ( Press Release 07/04/2021 ) : cash consideration of € 825m , AuM of € 124bn as of 31/12/2021 ( transaction scope ) Amundi - Q2 2021 results 1/10