Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Paris  >  CREDIT AGRICOLE    ACA   FR0000045072

Delayed Quote. Delayed  - 02/12 11:35:18 am
7.993 EUR   +4.25%
02/12 Market turbulence raises worries of third crisis wave
02/11 SocGen shares slide after cautious 2016 outlook
02/11 Small businesses still hugely exposed to FX swings - report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Agricole's Emporiki Secures Greek Central Bank Funding

06/08/2012 | 01:15pm US/Eastern

PARIS--French bank Credit Agricole SA's (>> CREDIT AGRICOLE) troubled Greek unit Emporiki Bank of Greece SA (TEMP.AT) has succeeded in getting funding from Greece's central bank, a person close to the matter told Dow Jones Newswires Friday, in a move that should ease pressure on the parent bank's finances.

Over the past year Credit Agricole has lodged numerous similar requests to borrow from the Greek central bank's so-called Emergency Liquidity Assistance program.

Greek banks have borrowed about 54 billion euros ($67.9 billion) under the program, making it a primary source of cash since the banks were locked out of normal funding markets. The ELA loans are attractive because the Greek central bank accepts lower-quality assets as collateral for the loans, compared with what the European Central Bank accepts.

Credit Agricole declined to comment.

Write to Digby Larner at digby.larner@dowjones.com

Stocks mentioned in the article : CREDIT AGRICOLE
React to this article
Latest news on CREDIT AGRICOLE
02/12 Market turbulence raises worries of third crisis wave
02/11 SocGen shares slide after cautious 2016 outlook
02/11 Small businesses still hugely exposed to FX swings - report
02/10 EU investigating possible rigging of debt market, sources say
02/10 Bank of France plays down impact of market turbulence on economy
02/09 As worries mount, European banks face sell-off more savage than 2008
02/05DJBNP Paribas Shares Lifted by Investment Bank Shakeup
02/04 CREDIT AGRICOLE : Press release Crédit Agricole SA : APPOINTMENT P. Célérier
02/01 CREDIT AGRICOLE : Press Release CACEIS : Haas Gestion partners with CACEIS for i..
02/01 France puts pressure on banks over retail client fees
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials