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Credit Agricole Q2 net falls less than feared

PARIS : French bank Credit Agricole posted a 10.6 percent drop in second-quarter earnings on Thursday, weighed by well-f
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By Syed Murtaza Gheblehzadeh
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credit-agricolePARIS: French bank Credit Agricole posted a 10.6 percent drop in second-quarter earnings on Thursday, weighed by well-flagged losses in Greece, beating analyst expectations nonetheless.

Net profit fell to 339 million euros ($477.5 million), France's No. 3 bank by market value said, compared with consensus analyst expectations of 193.3 million according to a Reuters poll of nine analysts.

The bank said it was sticking to its long-term targets.

 

Copyright Reuters, 2011

 

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