Arab Today, arab today credit agricole posts 147bneuro loss
Last Updated : GMT 12:24:19
Arab Today, arab today
Arab Today, arab today

Credit Agricole posts 1.47-bn-euro loss

Arab Today, arab today

Arab Today, arab today Credit Agricole posts 1.47-bn-euro loss

Paris - AFP

Credit Agricole reported on Thursday a net loss of 1.47 billion euros ($1.95 billion) last year owing to the Greek debt crisis, costs of a restructuring plan and asset write-down charges. The bank did not give an outlook for 2012, but said that it would not pay shareholders a dividend for 2011. In 2010, the bank, France\'s third-biggest by market capitalisation, had posted a net profit of 1.26 billion euros. The latest result missed an average analyst forecast gathered by AFP of a more modest loss of 856 million euros. In the fourth quarter of 2011, Credit Agricole reported a loss of 3.1 billion euros, worse than the comparable loss of 328 million euros 12 months earlier. A bank statement said the group had been hit by the costs of absorbing problems associated with Greece, estimated at almost 2.4 billion euros, an adjustment plan which took effect late last year and impairment charges first announced on December 14. It has launched a plan to cut debt by 50 billion euros from June 2011 to December 2012, and said that by the end of last December it had cut refinancing needs by 21 billion euros.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today credit agricole posts 147bneuro loss Arab Today, arab today credit agricole posts 147bneuro loss

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today credit agricole posts 147bneuro loss Arab Today, arab today credit agricole posts 147bneuro loss

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 05:52 2017 Wednesday ,28 June

Suzanne Tamim’s father refuses to give comment

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday