Results of Crédit Agricole Alpes Provence in the First Quarter of 2024

Crédit Agricole Alpes Provence has published its financial results for the first quarter of 2024, with a strong commitment to local development and the growth of its clients. The report reveals a modest increase in savings collection of 3.1%, and a drop of -4% in Net Banking Product compared to the previous year. Although faced with rising interest rates, the bank maintains a solid balance sheet, with a solvency rate of 21.2% and a liquidity ratio in compliance with Basel 3 standards.

Despite a difficult economic situation, characterized by a tightening of the monetary policy of the European Central Bank, the bank was able to attract 35,775 new customers and support around 5,200 local real estate projects. The cost of risk increased, reflecting well-managed bad debt provisions, while preserving high asset quality with a stable default rate.