In the first six months of this year, bank deposits increased by 4.3% to 19.031 billion euros, while operating income grew by 3% to 7.755 billion euros, the group stated in a press release.
The CEO, Olivier Gavalda, who took over the bank’s leadership last spring, indicated that the half-year financial statements suggest the group will be able to improve its profits throughout the entire year of 2025 compared to the previous year and serve as “a solid foundation for the medium-term strategic plan,” which he plans to present on November 18.
The extraordinary increase in profit in the second quarter is partly explained by the capital gain linked to the exit of its American asset management subsidiary, Amundi US, without which the increase would have been 14.8%.
However, the bank also highlighted the strong performance of its insurance activities, which grew by 13%, and investment operations, which improved by 7%, offsetting the decline in the retail banking sector, which suffered from a 3.4% drop in net income in France, its main market.
