[ad_1]
Register now for FREE unlimited access to Reuters.com
PARIS, June 22 (Reuters) – French bank Credit Agricole (CAGR.PA) targeted one million extra retail banking customers by 2025 and a net profit of more than 6 billion euros ($6.30 billion), as France’s second-largest listed bank unveiled a new strategic roadmap.
“Our 2025 trajectory is one of amplification, based on strong organic growth potential with a target of over one million additional customer,” said Xavier Musca, deputy chief executive of Credit Agricole SA.
Credit Agricole said it was hoping to have a net income of more than 6 billion euros by 2025 and a return on tangible equity of more than 12%.
Register now for FREE unlimited access to Reuters.com
It added it would be allocating around 20 billion euros to information technology (IT) and digital spending over the period, inclouding 1 billion euros in investment programmes for technological transformation.
In February, Credit Agricole said it had beaten the financial targets of its previous strategic plan a year early with a net profit at 5.4 billion euros in 2021, well above a 5-billion target for this year. read more
($1 = 0.9529 euros)
Register now for FREE unlimited access to Reuters.com
Reporting by Matthieu Protard;
Editing by Sudip Kar-Gupta
Our Standards: The Thomson Reuters Trust Principles.
[ad_2]
Source link