Crédit Agricole’s private banking assets under management (AuM) were 131.7 billion (US$175.1 billion) at 30 June 2013, down by 2.5% compared to 31 December 2012, due to a negative foreign exchange effect.
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Crédit Agricole’s savings management unit, which encompasses asset management, insurance, private banking and asset servicing, has reported net income of 451 million (US$600 million) for the second quarter of 2013, a 0.8% increase compared to the previous year period.
Amundi, a subsidiary jointly created by Société Générale and Crédit Agricole to regroup their activities of asset management, reported AuM of 746 billion (US$992 billion) at 30 June 2013, up by 0.9% on 31 December 2012.
Overall, Crédit Agricole has reported a net income of 696 million (US$925.7 million) for the second quarter of 2013, compared to 56 million (US$74.4 million) for the same period previous year. Revenue fell by 1% to 4.39 billion (US$5.8 billion) in the quarter.
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