New strategic plan for Crédit Agricole. The French banking group today presented its estimates for 2016, the year in which it expects a net profit of 6,5 billion euros, also thanks to an increase in turnover at a rate of 2% per annum. At the end of 2013, Crédit Agricole returned to profit after two years with a negative sign, reporting a positive net result of 2,5 billion.
Going back to the estimates, the parent company Crédit Agricole expects a net profit of more than 4 billion euros in 2016, up 60% on the 2013 level. The bank has also set a Roe target of 12% against 9,3 % at the end of 2013. News also on the source of dividends: the French institute has announced that it aims to distribute approximately 50% of its profits to its shareholders starting in 2015.
