PARIS (dpa-AFX) - Credit Agricole SA (CRARF.PK, CDA.L, ACA) reported that its net income Group share totalled 1.16 billion euros in the second quarter of 2016, a 25.8% increase on its second quarter 2015 level. The company noted that this figure included the VISA capital gain of 328 million euros. Excluding the gain and the other usual specific items, underlying earnings was 818 million euros, a 13% increase on the second quarter of 2015. In the second quarter of 2016, Crédit Agricole reported revenues of 4.74 billion euros. Underlying revenue was 4.34 billion euros, up 0.5% year-over-year.
Crédit Agricole Group (Crédit Agricole S.A. and 100% of the Regional Banks) reported net income Group share of 1.94 billion euros in the second quarter of 2016, up 29.5% from the second quarter of 2015. The result was boosted by the VISA disposal gain, which amounted to 337 million euros. Underlying net income Group share was 1.62 billion euros, down 1.5% from last year. In the second quarter of 2016, Crédit Agricole Group recorded revenues of 8.27 billion euros, or 7.90 billion euros on an underlying basis, down 0.6% compared to the second quarter of 2015.
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