Crédit Agricole S.A. reiterates its commitment to Emporiki

Following Emporiki's presentation of its restructuring and development plan on 7 October 2009, Crédit Agricole S.A., as majority shareholder, reiterated its support of Emporiki and stated that it will draw the financial conclusions deriving from this plan. 
 

In particular, in its Q3 2009 financial statements, Crédit Agricole S.A. will take an impairment charge on its stake of slightly less than €500 million.