Credit Agricole Boosted by Investment Bank Gain

Credit Agricole Boosted by Investment Bank Gain

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Business

University

Hard

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The transcript features an interview with Jerome Greevey, CFO of Credit Agricole, discussing the bank's strong performance in capital markets and investment banking, driven by customer demand and favorable market conditions. The outlook for 2020 remains positive, supported by low interest rates. French retail banking also performed well, with significant customer growth. The bank plans to leverage ECB tools to offset low interest rates and is not pursuing M&A in French retail. Strategic goals include increasing net profits and maintaining a strong CT1 ratio. The diverse business model is highlighted as a key strength.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the net interest margin's contribution to the bank's revenues?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What strategies is Credit Agricole considering to offset the negatives of low interest rates?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How did the bank's net profit change in 2019, and what are the targets for 2022?

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