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August 26, 2011updated 04 Apr 2017 3:48pm

Overseas arm lifts Crédit Agricole AuM to ?131bn

Steady inflows from international clients in the first six months of the year boosted assets under management (AuM) at Crdit Agricoles private banking unit by 2.3% year-on-year to 131bn ($189bn).

By PBI Editorial

Steady inflows from international clients in the first six months of the year boosted assets under management (AuM) at Crédit Agricole’s private banking unit by 2.3% year-on-year to €131bn ($189bn).

The French bank saw AuM outside its domestic market rise by 6.7% year-on-year to €71.9bn.

Currency fluctuations took some of the edge off  international gains, slicing €1.6bn from its first half AuM increase.

Net new inflows at Crédit Agricole Private Banking and LCL Banque Privée, its French subsidiary, grew to €2.3bn in the first sixth months.

The cost- income ratio at the wealth division stood at 74%.

 

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