PARIS (S&P Global Ratings) Feb. 14, 2020--S&P Global Ratings today said that Credit Agricole Group's (A+/Stable/A-1) full-year 2019 results, released today, supports the group's robust credit profile. Once again, Credit Agricole benefits from revenue synergies of its customer-focused banking model of an estimated €9 billion, up €300 million from the previous year, in particular thanks to insurance. Its medium-term plan set an objective of €1.3 billion in additional revenue synergies by 2022. The group reported €7.7 billion in annual net income (including minority interests) in 2019, compared with €7.4 billion in 2018. After excluding nonrecurring items and minority interests, the underlying net income increased by 5% at €7.2 billion, despite the negative impact from lasting low interest rate environment on
