Credit Agricole says completed Emporiki sale
PARIS (Reuters) - Credit Agricole (CAGR.PA), France's No. 3 bank, on Friday said it completed the sale of Greek bank Emporiki to Alpha Bank and said the disposal would have a "slightly positive" impact on its 2012 fourth-quarter results.
Like other banks, Credit Agricole has been selling assets and streamlining its business to meet stricter regulations after the 2008 financial crisis. Last November, it took a 1.96 billion euro writedown on the sale of Emporiki bank.
(Reporting by Astrid Wendlandt; Editing by Gerald E. McCormick)
- Malaysian plane presumed crashed; questions over false IDs |
- Malaysia signals missing plane has crashed; probes false IDs |
- Malaysian jet's disappearance among rarest of aviation disasters
- Libya threatens to bomb North Korean tanker if it ships oil from rebel port