Credit Agricole 1Q net profit falls 7...

Credit Agricole 1Q net profit falls 77 percent

There are 1 comment on the story from May 14, 2009, titled Credit Agricole 1Q net profit falls 77 percent. In it, reports that:

French bank Credit Agricole SA says its net profit fell 77 percent in the first quarter as the global financial crisis continued to weigh on its asset management, insurance and private banking activities.

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El Greko

Sofia, Bulgaria

#1 May 16, 2009
The fall of profit of Credit Agricole is mainly due to Greek Emporiki Bank, which announced a net loss of 168.7 million euros ($229.6 million)for the first quarter of 2009. It seems the Greeks are doing a "great" business!

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