The Traderszone Network

Published in TZ Latest News 19 January, 2016 by The TZ Newswire Staff

Credit Agricole confirms regional bank plan to boost capital

Credit Agricole SA (CAGR.PA) on Tuesday confirmed a report that it was looking at the possibility of selling stakes in over three dozen regional banks, saying it would bolster its capital and help finance dividends. Bloomberg News reported late on Monday that the deal could be worth about 17 billion euros ($18.5 billion). “This project, which would bear no impact on the group’s solvency and (have) no significant tax impact, would reinforce the financial flexibility of Credit Agricole SA, allowing the acceleration of the prudential objectives as announced on Dec.

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