<< Mitteilung

2019-11-08 15:50

Credit Agricole Sa: Information

Montrouge, France, 8 November 2019

Information

  

The Conseil d’Etat has just issued a decision recognising the deductibility of a charge incurred by Crédit Agricole S.A. in 2012 on the occasion of the disposal of the Greek bank Emporiki.

This is a final instance decision upholding the judgment of the Administrative Court of Appeal of Versailles dated 17 May 2018, which recognised the deductibility of a charge of EUR 2.3 billion incurred by Crédit Agricole S.A. on the occasion of the disposal of the Greek bank Emporiki. The Administrative Court of Appeal ruled that the Emporiki shares resulting from the capital increase of July 2012 were investment securities, confirming the deductibility of the associated provision, and ordered the return to Crédit Agricole S.A. of the overpayment of corporate income tax paid for the financial year 2012.

According to the decision of the Conseil d’Etat, the amount reimbursed by the tax services in June 2018, pursuant to the enforceable judgment of the Administrative Court of Appeal of Versailles, has been definitively acquired for the Crédit Agricole S.A. Group.

Income in the fourth quarter of 2019 for Credit Agricole S.A. and the Crédit Agricole Group will be positively impacted by this provision write back amounting to EUR 1,038 million. 

In accordance with the commitments announced during the presentation of the Medium-Term Plan on 6 June 2019, Crédit Agricole S.A. will devote this amount to a first tranche of the partial dismantling of the Switch guarantee mechanism in early 2020, if conditions allow so. Therefore, the impact of the decision on the CET1 ratio of Crédit Agricole S.A. as of 31 December 2019 (32 basis points as of 31 December 2019), will therefore be cleared as of 31 March 2020. However, the impact on the CET1 ratio of the Crédit Agricole Group (19 basis points as of 31 December 2019) is permanent.


 

CRÉDIT AGRICOLE S.A. PRESS CONTACTS

Charlotte de Chavagnac         + 33 (0)1 57 72 11 17                           charlotte.dechavagnac@credit-agricole-sa.fr


 

INDIVIDUAL SHAREHOLDERS CONTACTS

Freephone number (from France): 0 800 000 777

contact-agricole-sa@relations-actionnaires.com


 

INSTITUTIONAL INVESTOR RELATIONS CONTACTS

+33 (0)1 43 23 04 31

Investor.relations@credit-agricole-sa.fr

All our press releases are available at: www.credit-agricole.com - www.creditagricole.info


 
      

 

Attachment

Indizes

LU0916829079 640.9502 (+0.81%)

Aktien und Anleihen

Aktie Kurs Letz. +/-
Aperam (EUR) 27.62 27.84 -0.79%
ArcelorMittal (EUR) 15.784 15.826 -0.27%
BlueMarHoldings (EUR) 3.8 4.0 -5.00%
Brederode (EUR) 77.4 77.4 +0.00%
EDIFY act. ord. (EUR) 53.0 53.0 +0.00%
HellaGmbHKGaa (EUR) 48.16 47.38 +1.65%
ImmoLux-Airport (EUR) 6.4 6.1 +4.92%
Luxempart (EUR) 53.5 54.0 -0.93%
RTLGroup (EUR) 42.84 42.56 +0.66%
ReinetInvest (EUR) 16.5 16.0 +3.12%
SEO .prvB (EUR) 228.0 240.0 -5.00%
SEO 1/5prvB (EUR) 40.2 44.4 -9.46%
SES FDR (EUR) 12.175 11.7 +4.06%
SocFinCaoutchcs (EUR) 26.2 26.0 +0.77%
Socfinaf (EUR) 11.4 11.1 +2.70%
Socfinasia (EUR) 15.4 15.4 +0.00%
Vonovia (EUR) 46.92 46.84 +0.17%
Anleihe Kurs Letz. +/-
AXA 5,25% 16/04/2040 (EUR) 101.795 101.81 -0.01%
AirbusFinan 2,375% 02/04/2024 (EUR) 109.611 109.547 +0.06%
Astaldi 7,125% 01/12/2020 (EUR) 16.829 17.765 -5.27%
BASF 2,5% 22/01/2024 (EUR) 109.994 109.94 +0.05%
BNGBank 4,375% 16/02/2021 (USD) 102.937 102.99 -0.05%
BarclaysBank 4,75% pp (EUR) 98.275 99.438 -1.17%
Bayer 1,875% 25/01/2021 (EUR) 101.82 101.82 +0.00%
Bayer 2,375% 02/04/2075 (EUR) 102.455 102.435 +0.02%
BenOldmanESB 10% 23/10/2021 (EUR) 102.0 102.0 +0.00%
Bombardier 6,125% 15/05/2021 (EUR) 104.425 104.32 +0.10%
Bouygues 3,625% 16/01/2023 (EUR) 111.941 111.93 +0.01%
CasinoGuichardP FRN pp (EUR) 38.506 38.578 -0.19%
CmaCgm 7,75% 15/01/2021 Reg S (EUR) 96.084 95.938 +0.15%
Colombia 8,375% 15/02/2027 (USD) 123.0 124.55 -1.24%
Daimler 2% 25/06/2021 (EUR) 103.3 103.3 +0.00%
DeutscheBank 2,2% 17/11/2020 (USD) 98.74 98.75 -0.01%
DtscheLufthansa 5,125% 12/08/2075 (EUR) 105.405 105.405 +0.00%
EFSF 1,875% 23/05/2023 (EUR) 107.87 107.85 +0.02%
EFSF 2,25% 05/09/2022 (EUR) 107.49 107.49 +0.00%
ENI 1,75% 18/01/2024 (EUR) 107.155 107.11 +0.04%
GazCapital 8,625% 28/04/2034 (USD) 147.863 147.534 +0.22%
GiePsaTresor 6% 19/09/2033 (EUR) 146.73 146.36 +0.25%
HeidelbergFinLu 7,5% 03/04/2020 (EUR) 102.384 102.399 -0.01%
HornbachBau 3,875% 15/02/2020 (EUR) 100.68 100.69 -0.01%
KfWA 2% 02/05/2025 (USD) 101.275 101.195 +0.08%
Lafarge 4,75% 23/03/2020 (EUR) 101.34 101.36 -0.02%
Luxembourg 2,125% 10/07/2023 (EUR) 109.531 109.491 +0.04%
Luxembourg 2,25% 19/03/2028 (EUR) 120.414 120.291 +0.10%
Luxembourg 2,25% 21/03/2022 (EUR) 106.58 106.585 -0.00%
Luxembourg 2,75% 20/08/2043 (EUR) 143.669 141.305 +1.67%
Luxembourg 3,375% 18/05/2020 (EUR) 101.685 101.695 -0.01%
MOBY 7,75% 15/02/2023 Reg S (EUR) 35.261 35.265 -0.01%
McDonalds 2% 01/06/2023 (EUR) 107.266 107.21 +0.05%
MüchenerRückGes 6% 26/05/2041 (EUR) 108.676 108.677 -0.00%
NBFinanceLtd FRN 07/02/2035 (EUR) 93.666 93.582 +0.09%
NordRheinWFalen 2,375% 16/09/2021 (USD) 100.976 101.031 -0.05%
NovoBanco 100 09/04/2052 (EUR) 22.981 22.966 +0.07%
NovoBanco 3,5% 02/01/2043 (EUR) 97.404 97.694 -0.30%
OMV 6,25% pp (EUR) 127.44 127.705 -0.21%
Pemex 6,5% 02/06/2041 (USD) 98.334 98.6 -0.27%
PetroVenezuela 12,75% 17/02/2022 (USD) 28.7 27.0 +6.30%
PetroVenezuela 5,375% 12/04/2027 (USD) 13.933 13.933 +0.00%
PetroVenezuela 5,5% 12/04/2037 (USD) 13.93 13.93 +0.00%
Philippines 4,2% 21/01/2024 (USD) 107.967 107.941 +0.02%
Portugal 5,125% 15/10/2024 (USD) 112.788 112.973 -0.16%
RWE 3,5% 21/04/2075 (EUR) 109.89 109.89 +0.00%
RWE 6,625% 30/07/2075 (USD) 113.925 113.91 +0.01%
RaiffeisenBkInt 6% 16/10/2023 (EUR) 120.201 120.2 +0.00%
RussianFed 7,5% 31/03/2030 (USD) 120.594 120.558 +0.03%
SNCFMobilites 4,875% 12/06/2023 (EUR) 118.394 118.353 +0.03%
Sanofi 1,75% 10/09/2026 (EUR) 111.81 111.685 +0.11%
StadaArzneimitt 1,75% 08/04/2022 (EUR) 101.994 102.006 -0.01%
SüdzuckIntlFin FRN pp (EUR) 81.384 81.247 +0.17%
TelecomItaliaCa 7,2% 18/07/2036 (USD) 117.556 117.431 +0.11%
TelecomItaliaFi 7,75% 24/01/2033 (EUR) 149.456 149.146 +0.21%
Thyssenkrupp 2,5% 25/02/2025 (EUR) 101.375 101.115 +0.26%
Turkey 7,375% 05/02/2025 (USD) 108.255 108.4 -0.13%
VWIntlFin 4,625% pp (EUR) 113.99 114.095 -0.09%
VWIntlFin 5,125% pp (EUR) 113.75 113.83 -0.07%
Venezuela 11,75% 21/10/2026 (USD) 17.457 19.685 -11.32%
VeoliaEnvironn 6,125% 25/11/2033 (EUR) 170.287 169.946 +0.20%
YPF 8,5% 28/07/2025 Reg S (USD) 83.344 82.986 +0.43%
ØRSTED A/S 6,25% 26/06/3013 (EUR) 118.25 118.24 +0.01%