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Credit Agricole says completed Emporiki sale
February 1, 2013 / 7:26 PM / in 5 years

Credit Agricole says completed Emporiki sale

PARIS, Feb 1 (Reuters) - Credit Agricole, 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

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