2022 Activity Report

Editorial

With this new roadmap we are restating our commitment to serve our clients and society to the best of our abilities by accompanying them in their main transitions: environmental, human and
digital.
Xavier MuscaChief Executive Officer of Crédit Agricole CIB

In spite of a difficult environment impacted by the conflict in Ukraine, the health crisis, and greater market volatility partly due to changes in monetary policy, Crédit Agricole CIB generated outstanding revenues in 2022. Our CIB reported a Net Income Group Share of EUR 1,530 million, up 2% compared to 2021. We have achieved all the goals set for the year in our strategic plan. Once again, we have shown our ability to overcome crises thanks to the strength of our business model. Our Bank demonstrated its agility and was able to carry out great transactions in all its business lines and regions.

In 2023, we will remain vigilant in order to face the ongoing economic and geopolitical uncertainties. We have defined a trajectory: the “2025 Ambitions” strategic plan which is part of the Group project. With this new roadmap we are restating our commitment to serve our clients and society to the best of our abilities by accompanying them in their main transitions: environmental, human and digital.

Indeed, for many years we have been committed to the fight against climate change and are keen to help our clients and society move towards a low-carbon economy through our financings and advisory services. This year, with the commitments announced in December 2022 by the Crédit Agricole Group, Crédit Agricole CIB has defined ambitious goals to reduce its carbon footprint by 2030 in the most carbon-intensive sectors of its portfolio. They will be completed in 2023 by new commitments in new sectors, with the constant ambition to follow a net zero trajectory reducing our direct and indirect footprint.

We also want to be a responsible employer and support all our stakeholders in their transitions, by encouraging autonomy and empowerment and by accompanying the transformation of our organisations.

Finally, we are putting digital transformation at the centre of our strategy. We want to offer a unique client experience and modernise our product offering and processes to improve our efficiency and agility.

For this we can count on our pioneering position in the area of sustainable finance, on the long-term expertise of our teams, especially in the financing of real assets, and of course on the strength of Crédit Agricole Group’s universal banking model.