We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Credit Agricole SA | EU:ACA | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.14 | 0.95% | 14.91 | 14.91 | 14.915 | 14.945 | 14.735 | 14.81 | 1,161,338 | 11:30:10 |
From May 2022 to May 2024
By Ed Frankl
Credit Agricole SA said it aims to produce net income of more than 6 billion euros ($6.32 billion) as part of a new strategic plan to 2025.
The French lender said it will aim to add one million additional customers, based on strong organic growth potential, despite what its Chairman Dominique Lefebvre called a current "opaque, short-term environment".
The Paris-based company will target an average annual growth rate between 2021 and 2025 of 3.5%, with a return on tangible equity of more than 12%.
As part of its previous plan to 2022, Credit Agricole targeted net income of more than EUR5 billion and ROTE of more than 11%.
It would continue to target a dividend pay-out rate of 50% in cash.
The bank will also launch a new business line to focus on renewable energy and another directed at healthcare.
It added that it would also allocate around EUR20 billion to IT and digital spending over the period.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
June 22, 2022 01:31 ET (05:31 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Credit Agricole Chart |
1 Month Credit Agricole Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
