Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Euronext Paris  >  CREDIT AGRICOLE    ACA

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
05:01a Respite for commodities as dollar wilts, China bounces
04:52a Respite for commodities as dollar wilts, China bounces
04:50aDJEUROPE MARKETS : European Stocks Set To Break Five-session Winning Streak
04:45a CREDIT AGRICOLE : Crédit Agricole S.A. is adjusting its organisation to oversee ..
03:51a CREDIT AGRICOLE : Press release CA Assurances : APPOINTMENTS
03:31a CREDIT AGRICOLE : PR Crédit Agricole S.A. : Crédit Agricole S.A. is adjusting it..
01:35aDJCré dit Agricole Profit Up Sharply
01:16aDJCrédit Agricole Profit Up Sharply
01:06a CREDIT AGRICOLE : Second quarter and first half 2015 results
01:01a CREDIT AGRICOLE : Crédit Agricole SA is adjusting its organisation to oversee it..
Duration : Period :
CREDIT AGRICOLE Technical Analysis Chart | ACA | FR0000045072 | 4-Traders
Income Statement Evolution
More Financials