Once again this quarter, the Group's results reflect strong business momentum in its various components: retail banks, specialised business lines and Large customers business line, most of which delivered strong growth in business and market share gains. Continued tight control over costs led to an improved cost/income ratio in most business lines, except for the Regional Banks, which suffered from pressure on the interest margin due to low interest rates, although they continue to deliver business growth. Cost of risk was down once again, mainly due to a net provision reversal at the Regional Banks. Profitability therefore remains high, with stated net income Group share amounting to 2,106 million euros and underlying net income Group share to 2,003 million euros excluding this quarter's specific items. The fully-loaded Common Equity Tier 1 ratio at end-June 2017 improved by +50 basis points compared with end-March to 15.0%, among the best in the sector and well above the regulatory requirements.
Source : Crédit Agricole's website