(Finance) – The Crédit Agricole Group in Italywhere it is led by Giampiero Maioli, recorded in the first nine months of 2022 a aggregate net result € 877 million (+ 12% y / y), of which € 685 million pertaining to the Group Crédit Agricole. Commercial activity continues to be dynamic, with Total Loans to the economy of € 95 billion and Total Funding of € 306 billion. Crédit Agricole is present in Italy, its second domestic market, with approximately 17,000 employees and approximately 5.3 million customers.
L’consolidated net profit of the Crédit Agricole Italia Banking Group, net of charges deriving from the Creval integration, it stands at 387 million in the first nine months of 2022, up + 26% adjusted compared to the same period of the previous year. Including the charges deriving from the Creval integration (equal to 21 million euros net of taxes), the result stands at 365 million euros.
The Group’s result in Italy represents 16% of the underlying profit of Crédit Agricole SA and the result of Crédit Agricole Italia represents 44% of the Group’s profit in Italy.
Commercial activity continues to grow: growth of the customer base with over 115 thousand new customers acquired (+ 6% y / y); placed 7 billion products related to Wealth Management, with a balanced asset mix between the bancassurance segment (2.7 billion) and asset management (4.3 billion); decisive evolution of the volumes traded of consumer credit (+ 31% y / y) and non-life insurance premiums (+ 9% y / y), which benefit from the digitization of processes and the enhancement of insurance consulting services; disbursements to growing companies (+ 28% y / y); granted a total of 1.3 billion Ecobonus tax credits (x3.5 a / a).
THE loans to customers they are stable compared to December 2021 (-0.2%), with an increase in the third quarter; growing on Agri-Agro sector (+ 2% vs Dec-21) with an increase in market share that reaches 6.8%, compared to 6.1% the previous year. The market share of requests for new mortgages which rises to 6.2% 4 compared to 5.7% in Q3-21, in the face of a slowing market context.