Crédit Agricole du Morbihan — Activity and Results as of June 30, 2026

Press release issued on July 31, 2026, after market close

Vannes, July 31, 2026

First-Half 2026 Results of Crédit Agricole du Morbihan

Crédit Agricole du Morbihan, the leading bank in its territory, continues to accelerate its business development and financial performance. As one of the 39 Caisses Régionales that form the backbone of the Crédit Agricole Group — France's largest banking network — the Morbihan regional bank operates under a cooperative model in which local customers can also become cooperative members, giving them a stake in the bank's governance.

*Ratio as of 03/31/2026

The Board of Directors of the Caisse Régionale du Morbihan met on Friday, July 31, 2026, to approve the financial statements as of June 30, 2026.

Significant Growth in Commercial Activity

With 8,600 new customers in the first half of 2026, Crédit Agricole du Morbihan is stepping up its development and gaining market share in savings and financing. As the principal banking institution in the department, supported by its 1,273 employees and 75 branches, Crédit Agricole aims to address the economic, social, and environmental challenges of its territory. Find out more about its mutual banking initiatives at:

Year over year, total savings outstanding rose by +3.3% to more than €16.4 billion, driven by a very strong momentum in life insurance and securities, whose outstanding amounts grew by +8.5% to €5.5 billion and +8.7% to €1.2 billion, respectively. Term deposit balances increased by +4.7% year over year, while demand deposits also advanced.

In a disrupted geopolitical and economic environment, lending activity proved resilient, with €722.5 million in new loans originated during the half-year period. Residential mortgages grew by +5.4%, while loans to professionals and businesses declined by -18% amid a wait-and-see economic climate. This contraction in professional and business lending reflects a broader trend seen across French regional banks, where elevated interest rates and economic uncertainty have led many businesses to defer investment decisions. By supporting more than three-quarters of young farmer installations and increasing originated loans by +25.4%, Crédit Agricole remains the reference bank for Morbihan's agricultural sector. The total number of insurance contracts stood at nearly 320,000, up +2.2%.

Rising by +1.5%, Crédit Agricole now counts more than 248,000 cooperative members, representing 63.6% of its customer base.

Social (Statutory) Results

Compared semester over semester, Net Banking Income (NBI) increased by +6.0% to €152.5 million, driven by favorable trends in the intermediation margin, up +€6.9 million, and by the contribution from equity capital placements, which grew +9.5% to €48.1 million, notably including the dividend from SAS Rue La Boétie. SAS Rue La Boétie is the central entity that consolidates the Crédit Agricole Group's operations, and dividends from it flow back to the regional caisses, illustrating how the mutual structure distributes group-level performance to local banks. Commissions declined by -€2.5 million, linked to higher claims in insurance activities and the reduction in estate fees decided by Crédit Agricole. Operating expenses rose by +3.0% to €83.0 million, reflecting a +4.3% increase in personnel costs while other operating expenses were contained at +0.4%.

The growth in NBI combined with a more moderate rise in expenses led to a +9.9% increase in Gross Operating Income (GOI) to €69.5 million. The cost of risk increased by -€0.9 million, standing at -€11.1 million. Crédit Agricole du Morbihan is continuing its risk hedging strategy into 2026. Including the General Banking Risk Fund (GBRF), total provisions amounted to €357.3 million as of June 30, 2026, representing 3.40% of total loans outstanding, up +0.06 percentage points compared to December 31, 2025.

After accounting for Corporate Income Tax of €5.7 million — including €950,000 related to the surtax, up +45.5% — and a €2.0 million allocation to the GBRF, the social net result of the Caisse Régionale rose by +6.9% to €49.6 million.

IFRS Consolidated Results and Solvency

Crédit Agricole du Morbihan's consolidated NBI grew by 9.1% to €158.4 million. GOI increased by 17.2% to €74.6 million. After restatement of the GBRF and the impact of consolidated income tax, net income Group share stood at €57.8 million, up 15.8%. Consolidated shareholders' equity grew by +3.4% to €2,443.1 million. As a solvency indicator, the overall capital ratio — measuring equity against risk-weighted assets — stood at 27.48% as of March 31, 2026, well above the minimum regulatory threshold of 11.5%. This substantial buffer, roughly 2.4 times the required minimum, is characteristic of well-capitalized regional cooperative banks and provides significant capacity to absorb potential credit losses while continuing to lend.

Cooperative Investment Certificate (CCI)

The price of the Crédit Agricole du Morbihan Cooperative Investment Certificate (ISIN FR0000045551) stood at €121.00 as of June 30, 2026, compared with €101.22 on December 31, 2025 (+19.5%). Unlike ordinary shares, CCIs are specific instruments issued by Crédit Agricole Caisses Régionales that carry limited voting rights, as most governance power resides with cooperative members. The General Assembly of March 25, 2026 voted to pay a dividend of €3.33 per share in June.

Outlook

In an environment that is not expected to become more stable, Crédit Agricole du Morbihan intends to continue mobilizing in service of the territory and its residents, supporting them across all their projects and challenges. As the leading lender to individuals, farmers, professionals, and businesses, Crédit Agricole aims to deliver the best of both human and digital capabilities through a smooth, innovative banking experience recognized for the quality of its advice. Backed by its network of elected directors and all its employees, Crédit Agricole du Morbihan will remain the partner for all transitions — whether energetic, social, or economic — and, like the Crédit Agricole Group, is committed to acting every day in the interest of its customers and society.

All financial and regulatory information is available at:

Investor Relations Contact: Mr. Philippe Baldous — [email protected] — 02 97 01 76 00

Attachment: First-half 2026 financial press release