Actualités

CASA perd 2,8 milliards d’euros au 3e trimestre 2012

Vendredi 9, l’action crédit Agricole SA finissait en baisse de près de 6% à 5,573 euros après la publication du résultat net du groupe au 3ème trimestre 2012, impacté par différents évènements exceptionnels.

Emporiki pèse à nouveau sur les résultats

La filiale grecque Emporiki a contribué aux mauvais résultats de crédit Agricole S.A à hauteur de presque 2 milliards d’euros. L’impact total de la Grèce sur le résultat net s’élevant à 3,2 milliards d’euros depuis le début de l’année 2012.

Après avoir déjà injecté quelques 2,3 milliards d’euros en juillet dernier, la cession d’Emporiki à ALPHA.AT (pour 1 € symbolique) a coûté 550 millions supplémentaires pour la recapitaliser. Depuis 2006, la banque verte a ainsi perdu près de 9 milliards d’euros et la vente pourrait continuer à avoir des effets négatifs et impacter négativement les résultats 2013.

Mais les résultats du 3ème trimestre sont également dû à d’autres opérations à caractère exceptionnel comme :

  • The sale of CA Chevreux , the loss-making brokerage subsidiary to Kepler Capital Markets (which could take place by the end of the year).
  • The deconsolidation of Bankinter , its Spanish subsidiary for an amount of 193 million euros.
  • The impairment of goodwill on the acquisition of consumer loans for more than 500 million euros.

If these exceptional items were excluded, it should be noted that CASA’s net result would become profitable at 716 million euros.

The activity of the Regional Banks remains sustained

Crédit Agricole is now refocusing its universal banking activity on France and Italy. In France, its Regional Banks continue to be profitable, even if their share in the overall result remains down compared to last year at the same period.

The latter recorded a net profit of 853 million euros during the third quarter of 2012 with inflows up nearly 4% and net banking income up by more than 3% compared to the third quarter of 2011, at 3 .4 billion euros.

Results on the rise

Business held up overall despite a difficult economic environment. Housing loans in particular increased by 3%, confirming that the green bank retains real leadership in the field of financing with nearly 5 billion euros in total loans (including loans granted by LCL ). On the other hand, business loans are down, as are consumer loans .

Savings fund assets have increased by €56 billion since January 1.

Accommodation plan works

The adaptation plan launched in December 2011 focused on three points and seems to be entirely satisfactory.

  1. Improve the loan-to-inflow ratio , on the one hand by increasing deposits and on the other hand by maintaining control over the distribution of loans.
  2. Reduce the bank’s liquidity needs and develop new resources.
  3. Pursue disposals in corporate and investment banking

French banks remain solid

In 2011, the 4 main French banks (BNP Paribas, BPCE group, CASA and Société Générale) held capital guaranteeing their financial solidity and an average “Core Tier 1” ratio of 8.4, higher than many European institutions and the Basel 3 requirements. That of Crédit Agricole SA reached 9.3% in the 3rd quarter of 2012.

Laissez un commentaire