Credit Agricole 1Q net profit falls 77 percent
May 14, 2009 | Posted by: roboblogger | Full story: PR-inside.com
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.
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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