(Boursier.com) — In individual basisthe Net Banking Product of CRCAM Brie Picardie amounted to 693 million euros, up 3.5% despite the context of unfavorable rate changes in the short term. The underlying GNP is stable compared to 2022.
Operating expenses reach 389.2 ME, including 2.2 ME of additional allocation to the Brie Picardie Esprit Ouvert fund. The growth of CFN excluding societal initiatives of 3.4% over one year remains under control given the inflationary context.
The Gross Operating Profit amounts to 303.8 ME (+15.9%). The operating ratio stands at 56.2%.
After corporate tax and taking into account the cost of risk, the Social Net Profit reached a new record at 201.4 ME, an increase of +8.2% compared to the RN excluding the 2022 societal initiative.
At the end of December 2023 and within the meaning of Basel regulations, the default rate (EAD Default/EAD) is 1.38%, for an overall exposure of the Regional Fund (EAD) of more than €31.2 billion. In a tense economic context, the Caisse Régionale has been able to maintain a low default rate, significantly lower than that of the French market.
In the interest of prudent and responsible management, Crédit Agricole Brie Picardie continues to strengthen its provisions and displays a cost of risk of 66.7 ME, or 23bp on outstanding loans. Thus, the principal default coverage rate reaches 125%.
In consolidated basis, the Net Banking Product amounts to €693.4 million, a decrease of -0.7%. Consolidated underlying GNP is down -2.8%, after having increased by +6.3% in 2022, and therefore up 3.3% compared to 2021.
THE Consolidated net profit stands at 199 ME, down -6.8% compared to the consolidated RN excluding the 2022 societal initiative.
Consolidated shareholders’ equity amounts to €5 billion at the end of December 2023, for a total consolidated balance sheet of €42.2 billion.
The Board of Directors will propose to the General Meeting on March 29 a remuneration of 1.1 euros per CCI, i.e. a return of 6.3% per CCI. The detachment date is scheduled for April 4, 2024 for payment from April 8, 2024.
This remuneration will make it possible to pay a societal dividend of €1.6 million to the Brie Picardie Esprit Ouvert endowment fund, growing thanks to the increase in the remuneration of the CCIs.