CRCAM SUDRHONEALPES-Financial Notice-Results as of March 31, 2022

Crédit Agricole Mutuel Sud Lone Alpes Regional Bank

Cooperative with variable capital

Current capital is 69 792,082.50 euros

Headquarters: 12 Placedela Résistance – CS 20067 – 38041 GRENOBLE CEDEX 9

402121958RCS Gournoble

A strong financial structure to support our customers and continue to support the local economy

Quarterly financial information: Results as of March 31, 2022

The Board of Directors of Crédit Agricole Sud Rhône Alpes approved the account as of March 31, 2022 at a meeting on April 29, 2022.

Commercial activity

Key number (Million euros) March 31, 2021 March 31, 2022 change
Unpaid loan 18,596 19,572 + 5.2%
Mortgage 12,062 12,790 + 6.0%
Excellent collection 24,400 25,538 + 4.7%
Number of insurance policies

And foresight

493 272 506 489 + 2.7%

Credit activity

Loan balances increased by + 5.2% between 2021 and 2022, especially with a 6% increase in mortgage balances and a 5.5% increase in equipment loans. Since March 2021, PGE (State Guaranteed Loans) balances have decreased by € 100 million in connection with repayments. Excluding PGE, loan balances increased by + 6.1% over the past year.

The realization of € 514 million in mortgages in the quarter was dynamic with a + 11.1% increase.

Collecting activities

Inflows exceeded € 25.5 billion, up 4.7% year-on-year.

Balance sheet inflows remained dynamic (+ 6.3%), with the observed increase in preventive savings in demand deposits (+ 10%) and savings accounts (+ 8.3%).

The inflow of off-balance-sheet debt was affected by the unfavorable trend of the stock market at the beginning of the year, and its growth was limited to + 1% compared to the end of March 2021.

Insurance and funded insurance activities

The portfolio of P & C and Provident contracts increased by + 2.7% to reach approximately 506,500 at the end of March 2022, with more than 17,400 new contracts signed in the first quarter.

Business Development

Site deposit inventory continues to grow, surpassing 607,000 accounts at the end of March, an increase of + 2.4% over the year. Launched at the end of 2021, my new daily banking offer has already served more than 20,000 customers.

settlement

Key number (Million euros) March 31, 2021 March 31, 2022

change
Internet banking products (NBI) 93.5 103.5 + 10.6%
Operating expenses -65.1 -66.5 + 2.1%
Total operating profit 28.4 37 37 + 30.1%
Operating coefficient 69.6% 64.2% -5.4 points
Social net income 17.1 twenty two + 28.5%
Consolidated net income (RNPG) 10.7 18.8 + 76.1%

The NBI of Sud Rhône Alpes Regional Bank was € 103.5 million as of March 31, 2022, an increase of + 10.6% over the year, benefiting from commercial activities (conquest, banking and insurance equipment, loans) and refinancing costs. .. The effects of TLTRO and debt optimization continued last year.

Operating expenses were € 66.5 million, with a + 2.1% increase over the year, especially in relation to changes in profit sharing and participation. In other words, the increase in operating expenses in 2022 is + 0.7%.

The cost of risk is stable at € 4 million throughout the quarter, taking into account the increase in collective provisions in certain economic and geopolitical situations at the beginning of the year. The percentage of outstanding capital CDL (suspicious and litigation debt) remains at a low level of 1.04%.

After considering the corporate tax allocation of € 2 million (general bank risk fund) to FRBG, the company’s net income was € 22 million, an increase of 28.5% year-on-year.

Considering the results of the revised restatement and consolidation structure related to IFRS Standards, the share of the consolidated net income group increased by + 76% compared to the first quarter of 2021 to reach € 18.8 million. It was not representative of 2021’s finances. Year.

Financial structure

The amount of inflows brought in by customers and held on the balance sheet is € 16.1 billion, which is about 64% of the balance sheet of regional banks. Balances consist of either equity or refinancing within the group. As of March 31, 2022, the balance sheet inflow ratio was 121%. Loans lent to customers make up nearly 77% of the balance sheet. Including the inflow of off-balance sheet debt, the client’s total assets amounted to € 24.5 billion, which mainly covers € 19.6 billion in funding needs in our region.

Short-term market debt is € 300 million and is covered by € 4.2 billion worth of liquid reserves (liquid securities, liquid ECB receivables). The average calculated LCR ratio for the various components over the last 12 months is 166.3% for 100% regulatory requirements. It is 160.8% as of March 31, 2022.

Our sound capital, consisting of Core Tier 1 alone, amounts to € 1.64 billion (data 31/12/2021). Local banks have a very high level of solvency with a CRD4 ratio of 21.25%.

In conclusion, the level of Crédit Agricole Sud Rhône Alpes ratio improved during this fiscal year, confirming the ability to develop and support customers and their areas.

Cooperative Investment Certificate (CCI)

The price of CCI Sud Rhône Alpes was € 142 on March 31, 2022, down 2.1% from the beginning of the year and down 11.3% in 12 months.

Outlook 2022

In a series of crises that have an economic impact on our customers, our territory, the Credit Agricole Group, and regional banks have the most solid fundamentals of the market: capital adequacy ratios, liquidity ratios and reserves, bad debts. Rate and litigation rate).

Crédit Agricole Sud Rhône Alpes launched a new CAP’25 corporate project last year with the ambition of the next five years, divided into four directions: customer, human, performance and regional / CSR.

The development of a local network commercial organization unfolded in April was one of the first concrete projects undertaken. Its purpose is to provide clients with more personalized relationships and dedicated contacts for advice on all of the various projects.

Caisse Régionale Sud Rhône Alpes continues to be committed to supporting its customers by mobilizing local teams to implement PGE’s resilience.

Our producers were once again affected by the episode of Spring Frost, and we intervened as soon as possible with the affected policyholders to adapt their cash flow to this difficult situation. I’m on the side.

There is solidarity in the DNA of Crédit Agricole, and it is not surprising that several initiatives have been taken in some areas of national and regional banks to support Ukrainian refugees. Bank accounts, support from local host associations, etc.

In 2022, confused by the effects of the health and economic crisis, Creddy Aglycol Sud Rhone Alpes, a major player in its territory and its financial strength, has more than ever its customers. And society.

Second Market — ISIN: FR0000045346

Responsible for financial information: Séverine TOURTOIS

Email: [email protected]

  • FINANCIAL_NOTICE_MARCH 31, 2022 (002)


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