(Boursier.com) — On a consolidated basis, the Net Banking Income of CRCAM Brie Picardy in the 1st half amounted to 402.1 million euros, an increase of +18.6%. Consolidated underlying NBI is up +13.2% compared to the end of June 2021.
On an individual basis, Net Banking Income for the 1st half amounted to 374 ME, up +15.4%. Underlying NBI increased by +11.4% compared to the 1st half of 2021.
Consolidated net income for June 2022 amounted to €154.4 million, up +26.7% compared to the first half of 2021 (€121.8 million).
The company’s Gross Operating Income is 194.8 ME. Underlying EBITDA at the end of June 2022 stood at €142.7 million, up +15.3% compared to the first half of last year. The Company’s Net Income shows 133.7 ME (112.2 ME at June 30, 2021), an increase of +19.1%.
At the end of June and within the meaning of Basel regulations, the default rate (EAD Default/EAD) was 0.96% (1.13% at the end of June 2021), for an overall exposure of the Caisse Régionale (EAD) of more than 31.6 billion euros. The Caisse Régionale maintains a default rate well below that of the French market.
In the interests of prudent and responsible management, Crédit Agricole Brie Picardie continues to strengthen its provisions and posts a cost of risk of 27.7 ME, or 19.3 bp on outstanding loans. Nearly 85% of this cost of risk relates to sound and sensitive outstandings (collective provisions). Thus, the default coverage rate reached 176% at the end of June 2022.
Consolidated shareholders’ equity amounted to 4.8 billion euros at the end of June, for a total consolidated balance sheet of 40.3 billion euros.
The Caisse Régionale maintained high levels of solvency and liquidity at the end of June 2022. The CET1 ratio will be above 22% for a minimum of 10.5% and the LCR at the end of the month stands at 223.1%, for a minimum regulatory requirement set at 100%.
During the session, the CRCAM Brie Picardie share gained some 2% to 18.3 euros.