Crédito Agrícola announced this Friday that it closed the first nine months of the year with a profit of 241.6 million euros, which represents a drop of 30.4% compared to the same period last year. The drop mainly reflects the lower contribution of the financial margin, pressured by the fall in interest rates and the costs associated with deposits.
“In the first nine months of 2025, in a challenging context, of high uncertainty and a material reduction in interest rate levels compared to the same period last year, the Crédito Agrícola group maintained sustainable growth”, says the group’s president, Sérgio Raposo Frade, cited in a statement.
The return on equity – a ratio that measures the ability to return to shareholders – stood at 10.9%, while banking income totaled 686.6 million euros, 11.7% less than in the previous year. The financial margin (difference between interest charged on loans and interest paid on deposits) fell 16.8%, to 493.5 million euros, but commissions rose 5.4%, to 119.4 million euros, supported by a “higher volume of operations”.
On the commercial activity side, the credit portfolio increased by 6.7% since December, reaching 13.5 billion euros, and deposits grew by 5.2%, to 23.1 billion euros at the end of September. The non-performing credit ratio (loans in default) improved to 4.2%, following the downward trend recorded in recent quarters.