While the asset gathering side of the group chalked up robust figures, for wealth management for example, the overall banking group figure showed a sharp drop as specific items hit the bottom line.

Shares in Crédit Agricole SA, the Paris-listed group, fell more than 3 per cent in morning trade yesterday after the group reported a 39 per cent year-on-year drop in pre-tax income for the fourth quarter of 2025, reaching €1.599 billion ($1.89 billion). 

The European banking organisation, whose buisness lines include Indosuez Wealth Management, said there was a -€607 million impact of the first consolidation of Italy's Banco BPM on its equity-accounted line. Last year, the group CEO, Olivier Gavalda, unveiled a new strategic plan that focuses on markets including Italy. Credit Agricole is already the largest shareholder in Banco BPM.

For the whole of 2025, pre-tax income fell 2.1 per cent to €10.402 billion, according to a statement yesterday. 

(Crédit Agricole Group is a major French cooperative banking entity, while Crédit Agricole SA (CASA) is the listed subsidiary, central body, and holding company for the group's specialised business lines.)

The listed entity said that in Q4 2025 revenues dropped 1.8 per cent to €6.97 billion; for the whole of last year, they rose 3.3 per cent to €28.1 billion. 

Operating costs rose 4.9 per cent, and the cost of risk rose by 6.6 per cent.

Indosuez Wealth Management
In wealth management, total assets under management (CA Indosuez Wealth Management and LCL Private Banking) amounted to €298 billion at the end of December 2025, rising 6.8 per cent from a year earlier.

For Indosuez Wealth Management, AuM at end-December stood at €233 billion, rising 3.2 per cent from the end of September 2025, with record positive net inflows of €3.9 billion, confirming the recovery seen in the third quarter. 

The increase in assets under management also benefited from a foreign exchange and market impact of €3.2 billion.

The bank said it had a Common Equity Tier 1 ratio of 11.8 per cent at the end of 2025.

“The strong results we are posting in 2025 reinforce the ambitions of our ACT 2028 Strategic Plan. With this rolling start, 2026 will mark the realisation of several strategic initiatives, such as the deployment of the universal bank in Germany and the acceleration of our development in Asia,” Gavalda said. 

Reports noted that the quarterly profit result disappointed analysts' expectations, weighing on the share price.