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
- Bangalore-bound Malaysian plane lands safely after landing gear scare
- UPDATE 2-Malaysia Airlines plane returns safely after landing gear scare
- Bangalore-bound Malaysia Airlines plane to make emergency landing
- Calls to U.S. poison centers involving e-cigarettes jump - CDC
- Bangalore-bound Malaysia Airlines plane returns safely after landing gear scare