Crédit Agricole: Underlying EPS down 13% in 2020
(CercleFinance.com) - French bank Crédit Agricole SA has reported FY 2020 underlying EPS that is down 13.
4% at 1.20 euro, with a cost of risk that slightly more than doubled its level of 2019, at 2.61 billion euros.
At 20.76 billion euros, underlying net banking income increased by 2.1%, thanks to significant growth in revenues from the large client segment (+10.7%), while, overall other business lines showed resilience.
The Board of Directors will propose a dividend of 80 cents per share out of 2020 earnings, with a scrip dividend option to offset part of the unpaid dividend on 2019 earnings.
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4% at 1.20 euro, with a cost of risk that slightly more than doubled its level of 2019, at 2.61 billion euros.
At 20.76 billion euros, underlying net banking income increased by 2.1%, thanks to significant growth in revenues from the large client segment (+10.7%), while, overall other business lines showed resilience.
The Board of Directors will propose a dividend of 80 cents per share out of 2020 earnings, with a scrip dividend option to offset part of the unpaid dividend on 2019 earnings.
Copyright (c) 2021 CercleFinance.com. All rights reserved.