Assets under management at Credit Agricole rose by 12 per cent in the first half to reach €565.7 billion. The largest part of this was in bonds at €239 billion, specialised funds €88 billion and equities €89 billion.

Excluding Italy, AuMs moved up 14.8 per cent year-on-year to €526.7 billion at 30 June 2007. The €36.3 billion increase over the first half was driven by solid business momentum, with net new inflows of €18.7 billion, primarily into specialised and structured funds as well as money-market and bond funds. It was also due to a favourable market impact over the period, says the company.