Strong lending and project finance activities masked a 51% slump last year in investment banking profits at Calyon, the corporate and investment banking arm of Crédit Agricole.

Net profits from capital markets and investment banking before goodwill amortisation and integration-related costs, fell 51.1% to €242m ($323m). Net income from capital markets and investment banking fell 22.1% to €2bn.

David Rothnie

Crédit Agricole

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Calyon investment banking profits slump

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