on CRCAM DU LANGUEDOC (EPA:CRLA)
Crédit Agricole du Languedoc: 2024 financial results
Crédit Agricole du Languedoc has announced its financial results for 2024. Outstanding loans decreased by 1.7%, reaching €26.967 billion, in a slowed housing market. On the other hand, outstanding collections increased by 2.3%, reaching €34.540 billion. The number of customers increased, with 46,500 new arrivals.
On the financial front, Net Banking Income fell by 4.2% to 633 million euros, while operating expenses decreased slightly. Consolidated net income stood at 173.3 million euros, down 1.3% compared to the previous year.
The Fund maintains a solid financial position with consolidated equity increased by 7.4% to EUR 5.451 billion. The solvency ratio is 23.33%, illustrating a stable and robust position for the future.
R. E.
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