10 november 2011
Crédit Agricole S.A. third quarter and first nine months of 2011 financial results
Good results and strong capacity at Group level to weather the sovereign debt crisis...
Crédit Agricole Group generated net income Group share of 3,338 million euros in the first nine months of 2011, a level comparable to that of one year ago (up 1.2%).
In the third quarter of 2011, net income Group share amounted to 930 million euros, up 5.5% on the previous quarter but down 36% versus the third quarter of 2010 which did not include any impact from the sovereign debt crisis. This figure, which incorporates a 60% impairment on Greek government bonds held by both Emporiki and the Group's life insurance companies, reflects the resilience of the Group's business lines in a difficult, highly uncertain macroeconomic environment...
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