Member access

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

CREDIT AGRICOLE (ACA)

3236
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Credit Agricole CEO: No Immediate Plans for Capital Increase

11/09/2012 | 03:01am US/Eastern

By Noemie Bisserbe

PARIS--Credit Agricole SA (>> CREDIT AGRICOLE) Chief Executive Jean-Paul Chifflet said Friday the bank had no immediate plans for a capital increase, and that it is well on track to meet its capital ratio targets by the end of next year.

"We do not foresee it [a capital increase] for the moment," said Mr. Chifflet, who was speaking in a conference call with reporters.

The Paris-based lender, France's third largest listed bank, also said that it has received several offers for its stake in Spanish bank Bankinter SA (MKT.MC). Credit Agricole's stake in Bankinter fell just below 20% in the third quarter.

"None of the offers received so far were attractive," said Chief Financial Officer Bernard Delpit.

Earlier Friday, Credit Agricole said the sale of its troubled Greek banking arm pushed it to a record third-quarter loss. The bank posted a third-quarter net loss of 2.85 billion euros ($3.63 billion), well below analyst forecasts of a EUR1.76 billion net loss. The bank had reported a EUR258 million profit in the same quarter a year earlier.

Write to Noemie Bisserbe at noemie.bisserbe@dowjones.com

Stocks mentioned in the article : CREDIT AGRICOLE
Latest news on CREDIT AGRICOLE
3d ago Volatile markets deepen anxiety over European bank tests
3d ago ICAP complains about EU antitrust probe to European Ombudsman
5d ago Europe could save up to $80 billion in energy imports as prices plunge
5d ago China inflation slips to near five-year low, more stimulus measures expected
5d ago CREDIT AGRICOLE : SA : Crédit Agricole Assurances has successfully launched its ..
10/01 SocGen says 'nothing to expect' soon on U.S. sanctions probe
09/30 MOODY : assigns Ba2(hyb) to Credit Agricole's high-trigger AT1 securities
09/22 CREDIT AGRICOLE : Crédit Agricole S.A. has acquired 1.5% of the capital of Cassa..
09/22 CREDIT AGRICOLE : ERES has selected CACEIS to provide depositary and fund admini..
09/17 CREDIT AGRICOLE : Crédit Agricole S.A. has successfully priced its US$1.25 billi..
Advertisement
Chart
Duration : Period :
CREDIT AGRICOLE Technical Analysis Chart | ACA | FR0000045072 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF