French lender Crédit Agricole has published its second quarter results a day ahead of schedule on its website. The bank blamed the blunder on a “technical error”.
The group posted better than expected results with €696m in net income compared to €56m in the second quarter of 2012.
Jean-Marie Sander, chairman of Crédit Agricole, said: “With over 484 billion euros of loans originated by the Regional Banks and LCL, Crédit Agricole Group is the leading lender in France and plays a key role in helping to restore the French economy.”
Jean-Paul Chifflet, CEO of Crédit Agricole, said: “Our second quarter results confirm the trends we saw during the first three months of the year. The Group has changed its profile and is adapting to the prevailing context and the new regulations. We are pursuing the path we announced, building on our core strengths and financial soundness whilst continuing our cost-cutting efforts.”