Credit Agricole First-Quarter Net Rises 51% After Greek Exit
This article is for subscribers only.
Credit Agricole SA, France’s third-largest bank, said first-quarter profit climbed 51 percent, helped by the disposal of its unprofitable Greek division.
Net income rose to 469 million euros ($613 million) from 311 million euros a year earlier, the bank, based in Montrouge near Paris, said in an e-mailed statement today. That topped the 374.4 million-euro average estimate of eight analysts surveyed by Bloomberg.