This helped drive Credit Agricole's quarterly sales to 6.12 billion euros , up 9.6% from a year earlier, while net income more than doubled to about 1.23 billion euros.
Robust demand for hedging services due to high volatility in the markets and strong levels of bond issuance laid the ground for the performance, Credit Agricole's investment bank chief Xavier Musca said in a call, though he cautioned some momentum would likely be lost in the second quarter.