Retail banking helps ease losses at Credit Agricole

first_img Retail banking helps ease losses at Credit Agricole Thursday 24 February 2011 8:52 pm whatsapp More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and Tags: NULL Show Comments ▼ whatsapp FRENCH bank Credit Agricole posted a smaller-than-feared quarterly loss of €328m (£280.6m) yesterday, having warned that its stake in Italy’s Intesa Sanpaolo had suffered a €1.25bn writedown. Operating profit rose to €687m from €41m a year earlier, helped by French retail and falling provisions.The bank’s revenues rose 12 per cent, though costs also rose seven per cent on the previous quarter.The group plans to propose a dividend of €0.45 a share, flat year-on-year after a quarter of “solid business momentum”. Credit Agricole said it would not need to raise capital to meet incoming Basel III rules, after revealing a 0.6 percentage point jump in Tier 1 capital to 10.3 per cent in the fourth quarter. Its core Tier 1 ratio had risen to 8.8 per cent by the end of 2010, thanks in part to a new €5.5bn capital guarantee from its parent banks. KCS-content Share last_img

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