Credit Agricole CFO sees Emporiki sale in weeks
PARIS, Sept 11
PARIS, Sept 11 (Reuters) - Credit Agricole expects the sale of its crisis-scarred Greek bank Emporiki to be signed within "weeks", according to slides of a presentation by the French bank's chief financial officer posted on its website on Tuesday.
Credit Agricole is in the process of transferring shipping loans denominated in U.S. dollars from Emporiki to its own balance sheet, CFO Bertrand Delpit said in the slides, a process which could still take "months".
The CFO reiterated Credit Agricole's parent group's commitment to exceed a 9 percent Basel III core Tier 1 ratio by early 2013 in the presentation, which will be given at a Barclays conference in New York. (Reporting by Lionel Laurent; Editing by James Regan)
- Tweet this
- Share this
- Digg this
- U.S. nurse quarantined over Ebola calls treatment "frenzy of disorganization"
- Google executive sets new stratosphere skydive world record
- Wall Street finally turning on Amazon as Bezos magic fades
- Former Cream frontman Jack Bruce dies aged 71
- São Paulo running out of water as rain-making Amazon vanishes