Operating costs grew more slowly than revenue, rising 2.4% to €3.928 billion. The cost-to-income ratio improved to 55.4%. However, the cost of risk rose 19.6% to €585 million.
Profit growth was 11% after adjusting for exceptional items, according to financial reporting explaining the release. These figures concern Crédit Agricole SA, the listed entity, and must be distinguished from the broader Crédit Agricole group including regional banks.