Crédit Agricole Private Banking registers 40% yoy growth in pre-tax income

6 November 2015 | 1 minute read

Crédit Agricole’s global private banking business locked in 42 million euros (US$45.7 million) in pre-tax profits in the third quarter, representing a 40% year-on-year rise. The French private bank significantly improved its efficiency as Q3 revenue grew 11.9% year-on-year, while costs climbed just 7.4%. The bank also saw net inflows of 3.3 billion euros year-to-date, resulting in total assets under…

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