“`html
(Boursier.com) –
CRCAM morbihan Reports 2024 Financial Results
The Net Banking Income (NBI) of CRCAM Morbihan increased slightly by 1% to €246.2 million, driven by favorable commission trends, rising by 2.8% to €121.5 million, and growth in proprietary fund placements, up 10.0% to €49.4 million, with a meaningful contribution from the SAS rue de la Boétie dividend. Net interest margin decreased by 5.4% to €76.7 million, linked to the decline in macro-hedging contributions. Operating expenses increased by 2.4% to €155.5 million, due to higher personnel costs (+2%) and other operating expenses (+3%), particularly in IT investments.
The slight increase in NBI and the rise in expenses led to a 1.3% decrease in Gross Operating Income (GOI) to €90.7 million.The cost of risk decreased by €4.6 million, settling at €17.4 million.
The regional bank’s net income increased by 9.4% to €58.2 million.
The consolidated NBI of Crédit Agricole du Morbihan grew slightly (+0.7%) to €254 million. GOI decreased by 3% to €97.7 million. After restatement of FRBG and the impact of consolidated corporate income tax, net income attributable to the group stood at €68.7 million, remaining stable (-0.1%).
consolidated equity increased by 11% to €2.362 billion. As an indicator of solvency, the global solvency ratio, reporting equity to risk-weighted assets, was 27.36% as of September 30, 2025, well above the regulatory minimum