Arab Today, arab today credit agricole recapitalises greek
Last Updated : GMT 13:09:59
Arab Today, arab today
Arab Today, arab today

Credit Agricole recapitalises Greek

Arab Today, arab today

Arab Today, arab today Credit Agricole recapitalises Greek

Athens - AFP

Greece\'s Emporiki Bank on Wednesday said it had received a two-billion-euro ($2.6-billion) injection from its French parent group Credit Agricole to \"fortify\" its position during a state debt writedown. \"Credit Agricole has covered in cash an approximately two-billion-euros share capital increase, aiming at reinforcing the bank\'s capital structure,\" Emporiki said in a statement. \"The increase will further fortify Emporiki\'s competitive position in the domestic market,\" the lender said, adding that it had already made the necessary provisions in its third-quarter results for the forthcoming \'haircut\' of Greek government bonds, a move designed to alleviate the country\'s huge debt. A eurozone lifeline accorded to debt-ravaged Athens in late October includes a 50-percent writedown on the country\'s short and medium-term debt in agreement with banks. Eurozone leaders decided to accord Greece a new loan of 130 billion euros of which 30 billion will be used to recapitalise banks hit by losses owing to the debt rollover. Emporiki Bank, Greece\'s fifth largest, had posted a net loss of 610.6 million euros in the first half of 2011. Acquired by Credit Agricole in 2006, Emporiki has branches in Greece and subsidiaries in Albania, Bulgaria, Romania and Cyprus. It recently took action to bolster its subsidiaries in Albania and Bulgaria with share capital increases.  

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 recapitalises greek Arab Today, arab today credit agricole recapitalises greek

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today Former head of Egypt’s syndicate submits appeal

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" 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