Crédit Agricole S.A. launches buyback of up to 32 million shares
Crédit Agricole S.A. announced the launch of a share buyback program for up to 32 million ordinary shares. The program will run from August 10, 2026, to no later than September 29, 2026, and the acquired shares will be cancelled. The operation aims to offset the dilutive effect of the 2026 capital increase reserved for employees. The company has given an irrevocable instruction to an independent investment services provider to purchase the shares on Euronext Paris and multilateral trading facilities, in compliance with applicable regulations. The existing liquidity contract with Kepler Cheuvreux will be temporarily suspended during the buyback.
GlobeNewswire·19dRead more ▾
Credit Agricole Posts Record Q2 Revenue of EUR7.4 Billion and Raises Interim Dividend
Credit Agricole SA reported second-quarter net income of EUR2.1 billion, up 1.4% on a proforma basis, driven by record CASA revenue of EUR7.4 billion, a 7.7% increase quarter-over-quarter. The group achieved record overall revenue of EUR10.9 billion, up 12.9%, with gross operating income rising 25.8% year-on-year. The cost-to-income ratio for CASA improved to 54.7% in the first half, and return on tangible equity reached 14.3%, exceeding medium-term targets. An interim dividend of EUR0.57 per share was declared, payable on October 15, reflecting strong capital generation. The group's CET1 ratio stood at 17.2%, while CASA's CET1 ratio remained stable at 11.3%, above its 11% target despite a 33-basis-point impact from increasing its stake in Banco BPM to 29.3%. Insurance premium income hit a record EUR15 billion, and investment banking revenue grew over 63% excluding foreign exchange effects. The cost of risk remained stable at 30 basis points on outstanding, with incurred cost of risk at EUR571 million.
GuruFocus·23dRead more ▾
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Crédit Agricole beats forecasts with higher Q2 profit and revenue, denies Banco BPM and MPS merger speculation
French financial giant Crédit Agricole reported second-quarter results that beat market expectations on both profit and revenue, driven by retail, asset management, and investment banking. Net profit attributable to shareholders excluding exceptional items rose 1.4 percent to 2.05 billion euros, while revenue increased 7.7 percent to 7.36 billion euros, both exceeding analyst forecasts. The investment banking division saw revenue grow 4.4 percent on strong structured equity and equity business, while the fixed income, currencies, and commodities trading unit was nearly flat. CEO Olivier Gavalda denied as untrue media reports of merger talks between Italy's Banco BPM, in which Crédit Agricole holds a roughly 30 percent stake, and Monte dei Paschi.
Reuters·27dRead more ▾
Artificial Intelligence▲impact 4
Blackstone finalizes A$4.3 billion loan for AirTrunk's Sydney data center
Blackstone is finalizing a group of banks to underwrite a A$4.3 billion construction loan for AirTrunk's new SYD3 hyperscale data center in Australia. The five-year financing is expected to include Credit Agricole, DBS Group Holdings, Deutsche Bank, HSBC Holdings, ING Bank, Mitsubishi UFJ Financial Group, Morgan Stanley and United Overseas Bank, with additional lenders possibly joining. The loan is part of a broader surge in AI infrastructure borrowing, with at least $334.5 billion of bonds and loans issued so far this year compared with $185.5 billion during all of 2025, according to Bloomberg data. AirTrunk is also completing an approximately $2.3 billion loan for a data center project in Johor, Malaysia, while Australian-listed NextDC has increased its senior debt facilities to A$2.3 billion from A$1.8 billion.
GuruFocus·35dRead more ▾
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AMPYR Distributed Energy secures $194 million debt financing for European expansion
AMPYR Distributed Energy has secured €170 million, or $194 million, in debt financing from Crédit Agricole CIB and Franklin Templeton's Benefit Street Partners to accelerate its European growth. The new facilities will support the expansion of the company's distributed renewable energy assets and strategic acquisitions across Europe, following its recent purchase of a 70-megawatt portfolio from TotalEnergies. ADE develops, operates, and owns on-site renewable energy infrastructure for industrial and commercial clients, funding projects through long-term power purchase agreements. CEO John Behan stated that the financing demonstrates continued confidence in the company's strategy and positions it to help more businesses turn energy into a long-term strategic asset. The funding will enable more clients to access fully funded on-site energy solutions aimed at reducing costs, improving resilience, and advancing decarbonisation.
Power Technology·35dRead more ▾
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LOXAM SAS announces pre-stabilisation for dual-tranche EUR bond
LOXAM SAS has announced a pre-stabilisation period for a dual-tranche euro-denominated bond offering, with BNP Paribas acting as stabilisation coordinator. The securities consist of a 5-year tranche and a long 6-year tranche, though the aggregate nominal amount and offer price remain to be confirmed. Stabilisation managers include BNP Paribas, Deutsche Bank, Crédit Agricole CIB, and Natixis, with the stabilisation period expected to start on 7 July 2026 and end no later than 21 August 2026. Any stabilisation actions will be conducted over-the-counter in accordance with applicable regulations.
GlobeNewswire·50dRead more ▾
Crédit Agricole raises stake in Banco BPM to 29.3%
Crédit Agricole has increased its stake in Banco BPM to 29.3% of the Italian bank's share capital. The French banking group notified Italian authorities and Banco BPM that it crossed the 25% threshold, accumulating the additional stake through market purchases of shares and a derivative instrument. Crédit Agricole described the move as consistent with its strategy as a long-term investor and partner, highlighting solid industrial partnerships in consumer finance and insurance. The increase is expected to have a total impact of approximately minus 35 basis points on Crédit Agricole's CET1 ratio as of the end of the second quarter of 2026.
GlobeNewswire·54dRead more ▾
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UK tribunal pauses FCA’s £9.1 billion car finance compensation scheme
The UK’s Upper Tribunal has suspended parts of the Financial Conduct Authority’s £9.1 billion car finance redress scheme, delaying payouts for millions of motorists. The FCA is facing legal challenges from the financial services arms of Volkswagen and Mercedes-Benz, the car finance arm of Credit Agricole, and consumer group Consumer Voice, who argue the rules are unlawful. The tribunal will hear the cases in December or February next year, with a judgment expected in the following months. Under the pause, lenders do not need to calculate or pay compensation, nor inform customers of amounts owed, until the legal process concludes. If the scheme is upheld and not appealed, payments could begin in 2027; if overturned, the FCA may switch to a complaints-led approach, potentially handling up to 19 million individual complaints at an extra cost of £6 billion.
Yahoo Finance UK·55dRead more ▾
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Morgan Stanley Among Banks Challenging Growing Dollar Optimism
Currency strategists at Credit Agricole, Morgan Stanley and TD Securities are among those bucking the consensus call for a stronger dollar. The Bloomberg Dollar Spot Index surged 2% in June, its best month since the outbreak of the Iran war, driven by expectations for high or even higher interest rates from the Federal Reserve after new Chairman Kevin Warsh stressed the central bank's commitment to fighting inflation. Speculative traders' bullish stance on the dollar has become the most extreme in a year-and-a-half, leading forecasters including Stephen Jen's Eurizon SLJ Capital to argue that investors have largely exhausted gains from betting on dollar strength. Valentin Marinov, head of G-10 currency research and strategy at Credit Agricole, said the dollar is looking overbought and overvalued and that the Fed may not be as hawkish as expected. The next test for Fed expectations comes with US employment data on Thursday, projected to show around 115,000 jobs added last month alongside rising wages, which could keep bets on Fed hikes intact.
Bloomberg·55dRead more ▾
Crédit Agricole acquires 100% of CAWL from Worldline
Crédit Agricole has completed the acquisition of 100% of CAWL from Worldline, evolving their partnership from an equity-based model to a commercial one. The deal, finalized on June 30, 2026, sees Crédit Agricole become the sole shareholder of CAWL, which will continue integrating Worldline's acceptance solutions into its payment offerings for merchants in France. The partnership, launched in 2023, has already enabled the commercialization of offers for clients of Crédit Agricole's regional banks and LCL, and helped win tenders from large merchants. The transaction does not materially affect Worldline's financial trajectory or Crédit Agricole S.A.'s financial ratios and strategic plan.
Crédit Agricole S.A.·57dRead more ▾
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L’AFL met à jour son document cadre pour les émissions ESG
L’AFL, la banque des collectivités locales, annonce la mise à jour de son document cadre pour les émissions ESG. Cette nouvelle version est alignée avec les Green Bond Principles, Social Bond Principles et Sustainability Bond Guidelines de l’ICMA et a reçu une Second Party Opinion indépendante d’EthiFinance confirmant sa cohérence avec la stratégie de développement durable de l’AFL, la robustesse de ses processus de gestion des risques ESG et l’impact significatif des projets financés. Structurée avec l’appui de Crédit Agricole CIB, cette mise à jour permet désormais à l’AFL d’émettre non seulement des obligations durables, mais également des obligations spécifiquement vertes ou sociales. L’AFL s’engage à émettre au moins un benchmark sous ce format annuellement, renforçant ainsi sa présence sur le marché des obligations durables, un segment clé de son financement, après avoir déjà levé 2,4 milliards d’euros d’obligations durables depuis 2020.
GlobeNewswire·58dRead more ▾
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Crédit Agricole S.A. and BCC-Grupo Cajamar sign long-term partnership agreement
Crédit Agricole S.A. and BCC-Grupo Cajamar have signed a new strategic partnership that will see Crédit Agricole S.A. acquire a minority stake of 9.9% in Banco de Crédito Social Cooperativo, the parent entity of Grupo Cajamar. The agreement includes several commercial agreements in areas such as asset servicing, factoring, leasing and renting for vehicles and other goods, and investment solutions. In the short term, the deal will strengthen Grupo Cooperativo Cajamar's own funds structure, raising its total capital ratio from 16.6% to 17.1%, while the impact on Crédit Agricole S.A.'s CET1 ratio will be non-significant. The transaction is subject to non-opposition by competent authorities and is expected to be finalized in the coming months. The partnership builds on the two groups' shared cooperative roots and aims to support Grupo Cajamar's growth through Crédit Agricole's expertise in selected financial businesses.
Yahoo Finance·63dRead more ▾
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Ramsay Santé launches €1.75 billion senior debt refinancing
Ramsay Santé has launched a €1.75 billion senior debt refinancing, comprising a €200 million revolving credit facility and a €1.55 billion Term Loan B. The transaction aims to extend senior debt maturities from 2031 to 2033 and refinance a €100 million EuroPP maturing in 2028 and 2029, enhancing the group's long-term financial flexibility. Majority shareholder Ramsay Health Care Limited, which holds 52.79% of Ramsay Santé, announced in February 2026 its intention to distribute its entire stake in kind to its own shareholders, and the refinancing includes a change-of-control clause compatible with that planned distribution. BNP Paribas and Crédit Agricole CIB are acting as global coordinators and joint active bookrunners, with Natixis CIB as joint active bookrunner. Completion remains subject to market conditions.
GlobeNewswire·63dRead more ▾
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Crédit Agricole S.A. reduces liquidity contract resources by €1.5 million
Crédit Agricole S.A. has reduced the resources allocated to its liquidity contract with Kepler Cheuvreux by €1.5 million. The redemption was executed on June 19, 2026, adjusting the contract's available amount, which originally stood at €50 million. Following the redemption, the liquidity account held approximately €43.69 million and 327,769 shares. The contract, first signed in October 2006 and subsequently amended, is designed to support an active market for Crédit Agricole S.A. shares on Euronext Paris. The transaction complies with applicable market abuse regulations and French commercial code provisions.
Yahoo Finance·64dRead more ▾
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Ray-Ban Heir Publicly Challenges Family Holding Company Over €10 Billion Buyout
Leonardo Maria Del Vecchio, an heir to the Ray-Ban empire, publicly challenged his family's holding company Delfin Sarl to back his €10 billion buyout of two siblings' stakes ahead of a June 30 shareholder meeting. In an open letter, the 31-year-old accused Delfin's board of failing to provide clear explanations for its shifting position on the proposed transaction, which would make him the largest shareholder with a 37.5% stake by purchasing the combined 25% held by his siblings Luca and Paola. Del Vecchio said the issue had become a matter of governance after lenders including UniCredit, BNP Paribas, and Credit Agricole sought greater certainty over future dividends and strategy, yet the board did not adopt a unified stance. The deal is part of a complex financing package that ranks among the largest acquisition financings ever sought by an individual in Europe, and it aims to ease divisions within the family over the succession of the Luxottica founder's empire, which became EssilorLuxottica. Delfin, with a net asset value exceeding €40 billion, holds major investments in Italian financial institutions such as Banca Monte dei Paschi di Siena, Assicurazioni Generali, and UniCredit.
Bloomberg·67dRead more ▾