Charmingly Eccentric Financial Results – Crédit Agricole Mutuel Nord de France
Lille, October 25, 2024
Financial Results as of September 30, 2024:
In September 2024, the Crédit Agricole Mutuel Nord de France reported positive financial results compared to the previous year. The total collection amount increased by 2.90%, reaching 38,188 million euros. However, the credit balance slightly decreased by 0.39% to 28,749 million euros. In terms of social results, the Net Banking Income rose by 8.47% to 494.2 million euros, while the Net Profit increased by 10.45% to 126.7 million euros.
On a consolidated IFRS basis, the Net Banking Income grew by 10.08%, reaching 545.8 million euros. The Gross Operating Income also saw a significant rise of 39.66%, totaling 226.8 million euros. Additionally, the Net Profit attributable to the Group rose by 22.18% to 157.7 million euros.
Looking at the financial structure, the consolidated balance sheet slightly decreased by 0.14% to 38,221 million euros. The CET1 Basel 3 ratio decreased to 28.37%, and the Liquidity Coverage Ratio for a month decreased by 36.02%.
The Commercial Activity of the bank has been flourishing as well, with over 42,380 new clients joining since the beginning of the year, bringing the total number of customers to 1.15 million.
These financial results showcase the resilience and growth of Crédit Agricole Mutuel Nord de France in a challenging economic environment.
How Will This Affect Me?
As a customer of Crédit Agricole Mutuel Nord de France, you can expect continued stability and potentially improved services. The bank’s positive financial performance translates to a stronger foundation to support its clients and expand its offerings.
How Will This Affect the World?
The success of Crédit Agricole Mutuel Nord de France reflects positively on the financial sector as a whole. A healthy and growing bank can contribute to the overall stability of the economy and pave the way for innovation and development in the global financial markets.
Conclusion
In conclusion, the financial results of Crédit Agricole Mutuel Nord de France as of September 30, 2024, indicate a positive trend in both the operational and financial aspects of the bank. With a steady increase in key financial metrics and a growing customer base, the bank is well-positioned for future growth and success.
