Credit Agricole’s private banking business assets under management (AuM) stood at EUR151.2bn at end of June 2015, up 6.9% compared with end of December 2014.
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The bank said that the rise in AuM was due to net new inflows of EUR2.6bn in the first half of 2015.
The unit’s net income Group share stood at EUR46m in the first half, a 63.8% increase compared to the first half of 2014.
Crédit Agricole’s savings management unit, which encompasses asset management, insurance, private banking and asset servicing, has reported that its total AuM were EUR1.36 trillion at 30 June 2015, up 7.3% over the semester.
The AuM increased by EUR92.8bn compared with end-December 2014, with net inflows of EUR53bn for all segments, including EUR46.6bn for Amundi, EUR3.8bn for life insurance and EUR2.6bn for Private Banking. Net income Group share for the business line stood at EUR859m in the first half of 2015.
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By GlobalDataIn asset management, Amundi’s assets under management were EUR954bn. Assets under management rose by 8.7% compared with end-December 2014 and by 14.4% over one year.
Overall, Crédit Agricole Group reported a net income Group share came of EUR2.72bn up 33.9% from EUR2.03bn in the corresponding period of 2014.
