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Credit Agricole Targets Over $6.3 Bln in Net Income With 2025 Plan

·1 min read
Credit Agricole Targets Over $6.3 Bln in Net Income With 2025 Plan
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Credit Agricole SA said it aims to produce net income of more than 6 billion euros ($6.32 billion) as part of a new strategic plan to 2025. The French lender said it will aim to add one million additional customers, based on strong organic growth potential, despite what its Chairman Dominique Lefebvre called a current "opaque, short-term environment". The Paris-based company will target an average annual growth rate between 2021 and 2025 of 3.5%, with a return on tangible equity of more than 12%.