Credit Agricole's 4Q Income to Include EUR1.04 Billion Provision Write Back

Date : 09/11/2019 @ 02:50
Source : Dow Jones News
Stock : Credit Agricole SA (ACA)
Quote : 12.545  0.06 (0.48%) @ 03:40
Credit Agricole share price Chart

Credit Agricole's 4Q Income to Include EUR1.04 Billion Provision Write Back

Credit Agricole (EU:ACA)
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   By Giulia Petroni 
 

Credit Agricole SA (ACA.FR) said Friday that its fourth-quarter income will include a provision write back of 1.04 billion euros ($1.15 billion).

The French company said France's State Council recognized the deductability of a charge incurred by the group in 2012, when it sold Greek bank Emporiki.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

November 08, 2019 10:35 ET (15:35 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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