Crédit Agricole SA (CASA) released this morning its numbers for Q1 20. These were positive overall as revenues were above expectations while loan losses were slightly below expectations (cost of risk at 61bp on an annualised basis). Capital was solid with a 350bp buffer over the MDA (the allocation of the 2019 dividend to reserves having offset both the increase in RWA and the unwinding of 35% of the Swich mechanism).
06 May 2020
IAS 39 still alive...
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IAS 39 still alive...
Credit Agricole SA (ACA:WBO) | 0 0 0.0% | Mkt Cap: 38,693m
- Published:
06 May 2020 -
Author:
Farhad Moshiri -
Pages:
2
Crédit Agricole SA (CASA) released this morning its numbers for Q1 20. These were positive overall as revenues were above expectations while loan losses were slightly below expectations (cost of risk at 61bp on an annualised basis). Capital was solid with a 350bp buffer over the MDA (the allocation of the 2019 dividend to reserves having offset both the increase in RWA and the unwinding of 35% of the Swich mechanism).