Crédit Agricole Group’s net income Group share was €4.2 billion for the first nine months of 2016 and €1.4 billion for the third quarter.

Crédit Agricole Group’s net income Group share for the third quarter of 2016 came to 1.4 billion euros versus 1.8 billion euros in the third quarter of 2015. Underlying net income Group share came to 1.8 million euros, up +4.1% compared with the same quarter of the last year.

During the quarter, Crédit Agricole Group further improved its financial solidity, with a fully-loaded Common Equity Tier 1 ratio of 14.4% at end-September 2016, an increase of +100 basis points compared with end-September 2015 and +20 basis points compared with end-June 2016. This ratio includes a buffer of 665 basis points, representing approximately 35 billion euros, above the distribution restriction threshold applicable as of 1 January 2017.

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