(Boursier.com) — The consolidated NBI of Credit Agricole Ile de France amounted to 1.167 billion euros, up +8.6%. It benefits from balanced commercial activity in terms of rates and volumes, and from the regular development of commissions. The margin was improved by optimized financial management, which enabled asset and liability restructuring operations, and by a reversal of the home savings provision. Portfolio NBI was driven by the results of SOCADIF, the private equity subsidiary, and by the increase in Crédit Agricole SA’s dividend.
EBITDA amounted to 551.6 million euros, up 13.1% compared to 2021.
The cost of risk represents 17 bp of outstanding loans. By strengthening the coverage of healthy outstandings, in anticipation of the potential consequences of an energy crisis, the Caisse Régionale confirms its prudent risk management. After a very low level at the end of 2021, the rate of impaired loans on gross outstanding is increasing in line with a market file.
Consolidated net profit amounted to 369.8 ME, up +11.6% (331.2 ME a year earlier).
Provisions have been strengthened, the liquidity situation is robust, and the overall phased-in solvency ratio estimated at 27%, up 2.7 points over one year, is well above regulatory requirements.
The Caisse Régionale d’Ile-de-France relies on a very solid financial structure to support the Ile-de-France economy in an uncertain period.
Dividend
The Board of Directors of Crédit Agricole Ile de France will propose to the next General Meeting to pay a dividend of 3.05 euros per CCI, representing a yield of 4.5% compared to the last price of the year.
In terms of prospects, the bank confirms its local roots…