PARIS (Reuters) -Credit Agricole SA announced on Tuesday new profit and cost targets for 2028.
A few highlights:
• Return on tangible equity (ROTE): Above 14%, up from a 2025 target of above 12%.
• Cost-to-income ratio: Below 55% by 2028, versus a previous 2025 target of below 58%.
• Net income: More than 8.5 billion euros ($9.86 billion), up from prior 2025 target of above 6 billion euros.
• Dividend policy: 50% payout in cash, with the inclusion of an interim dividend from 2026.
• Common Equity Tier 1 (CET1) ratio: Around 11%, unchanged.
• Revenues: Nearly 60% to be generated outside France by 2028.
($1 = 0.8624 euros)
(Reporting by Mathieu Rosemain; Editing by Sherry Jacob-Phillips)
