CASA realized a strong Q1 with the trends observed in the Q4 continuing in the Q1. CIB, Asset Gathering and International Retail Banking were again the main growth drivers while French Retail Banking and Specialized Financial Services continued to suffer from rising financing costs. On top of the revenue momentum, Opex and CoR provided good surprises pushing the bottom-line higher. The targets were upgraded with the long-term C/I ratio being lower than 58% (vs 60%) by 2025 thanks to the positive ....

11 May 2023
CIB, Asset Gathering and IRB apply full power to CASA’s earnings momentum

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
CIB, Asset Gathering and IRB apply full power to CASA’s earnings momentum
- Published:
11 May 2023 -
Author:
Sylvain Perret -
Pages:
3 -
CASA realized a strong Q1 with the trends observed in the Q4 continuing in the Q1. CIB, Asset Gathering and International Retail Banking were again the main growth drivers while French Retail Banking and Specialized Financial Services continued to suffer from rising financing costs. On top of the revenue momentum, Opex and CoR provided good surprises pushing the bottom-line higher. The targets were upgraded with the long-term C/I ratio being lower than 58% (vs 60%) by 2025 thanks to the positive ....