The unit's net income fell 37.6 percent. Credit Agricole recorded an increase in Q2 net income of 25.8% to €1.16bn ($1.3bn) despite profit at LCL, the bank's retail unit, falling 37.6%. The bank said it had a positive outlook for 2017 and was "confident that we will be able to achieve our targets set by our board on cost reductions, capital increases and streamlining operations".
Credit Agricole recorded an increase in Q2 net income of 25.8% to €1.16bn ($1.3bn) despite profit at LCL, the bank's retail unit, falling 37.6%. The bank said it had a positive outlook for 2017 and was "confident that we will be able to achieve our targets set by our board on cost reductions, capital increases and streamlining operations".