(Boursier.com) — As of June 30, 2022, the Net Banking Income of Credit Agricole de Touraine Poitou increased by +10.8% to 170 million euros, with in particular 25 ME of exceptional income resulting from: the increase in dividends paid by Crédit Agricole SA, a reversal of provision on home savings following the rise in interest rates , and the rate hedging model adjustment.
General operating expenses of 92.9 ME (+3.8% over one year) are under control while continuing the recruitment and training policy (90 new permanent hires over the half-year to strengthen the commercial lines and create pools to offer all the skills expected when taking up positions) as well as investment in the branch network and digital technology. Outstandings in default fell by 0.22 point over one year to 1.49%, for a net cost of risk of 24.3 ME.
The company’s net profit increased by +10.1% to 44.5 ME. Consolidated net income (under IFRS) increased by +30.5% to €58.1 million, under the effect of the same elements as in the individual accounts, to which should be added the increase in the income of the private equity subsidiary CATP Expansion and increase in value of hedging swaps.
The solvency ratio at 27.9% (at the end of March 2022, for a regulatory requirement of 10.5%), is a guarantee of financial solidity and the ability to support the region’s projects. The liquidity ratio (LCR) stands at 172% for a regulatory threshold of 100%.
Outlook
The increase in the goodwill will be based on the satisfaction of customer needs in an innovative long-term approach based on competent and committed employees.
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