Credit Agricole tax hit over Greece adds to losses

  • 11 years ago
French bank Credit Agricole has posted a 6.5 billion euro full-year loss - the worst since it went public in 2001.

One reason for that was the unexpected decision by French tax authorities to disallow a tax deduction Credit Agricole wanted to take following the sale of its Greek bank - Emporiki.

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http://www.euronews.net/

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