French Economy Rebounding Sharply, Says Credit Agricole CFO

The transcript discusses the financial outlook and performance of Credit Agricole SA, focusing on loan loss provisions, economic recovery in France, and the impact of low interest rates on retail activity. It highlights the bank's resilience in generating revenue through diverse streams despite market challenges. The discussion also covers the bank's performance compared to rivals, regulatory constraints, and future dividend policies, emphasizing the bank's strong solvency and potential for shareholder value.

What is one of the reasons for the increase in loan loss provisions compared to Q2 2019?

• Prudential provisioning for sound loans

• A rise in non-performing loans

• A decrease in operational performance

• An increase in interest rates

How is the French economy performing after the lockdown period?

• It is rebounding rapidly

• It is declining steadily

• It is stagnant

• It is facing a recession

What is the impact of the crisis on interest rates according to the transcript?

• Interest rates will remain stable

• Interest rates are expected to rise

• Interest rates will fluctuate unpredictably

• Interest rates will be negative or near zero for longer

What proportion of Credit Agricole's revenues come from net interest margin?

• One third

• All of it

• Half

• Two thirds

How has Credit Agricole's share performance compared to local rivals over the last five years?

• It has underperformed compared to BNP Paribas and SoC Gen

• It has not been compared to local rivals

• It has outperformed local rivals

• It has performed the same as local rivals

What is the bank's target for return on tangible equity on an annualized basis?

• 10%

• 12%

• 8%

• 5%

What is the bank's policy regarding dividend payouts for 2021?

• Dividends will be paid at 50% of results

• Dividends will be paid at 75% of results

• Dividends will be paid at 25% of results

• No dividends will be paid