Crédit Agricole suffers record third-quarter loss

The sale of the bank's troubled Greek banking arm has dented the firm's performance

Friday 9 November 2012 at 15:12

French bank Crédit Agricole said on Friday the sale of its troubled Greek banking arm pushed it to a record third-quarter loss.

The Paris-based lender, France's third-largest bank by market value, posted a third-quarter net loss of €2.85bn, well below analyst forecasts of a €1.76bn net loss. The bank had reported a €258m profit in the same quarter a year earlier.