LONDON (Reuters) -Credit score Agricole SA beat its 2022 revenue goal a 12 months early as decrease prices for troubled loans and rising revenues throughout enterprise traces boosted fourth-quarter outcomes past consensus, France’s second-biggest listed financial institution stated on Thursday.
The lender stated it might current a brand new strategic plan for 2025 on June 22 after underlying internet revenue got here in at about 5.4 billion euros for 2021, nicely above its 5-billion goal for this 12 months.
Different key 2022 targets, resembling a cost-to-income ratio beneath 60% and a return on tangible fairness of greater than 11% had been met, with 2021 figures standing at 57.8% and 13.1% respectively.
The group, which has a coverage of paying half of earnings to shareholders, stated it might suggest a 2021 dividend of 1.05 euro per share which features a 20 cents catch-up for the 2019 dividend which couldn’t be paid.
(Reporting by Julien Ponthus; Enhancing by Tom Hogue and Clarence Fernandez)
Supply: KFGO
