Press release
Paris, 22 January 2014
Crédit Agricole S.A. is announcing the signature of an agreement to sell Crédit Agricole Bulgaria
to Corporate Commercial Bank AD
Crédit Agricole S.A. is announcing today the signature of an agreement to sell Crédit Agricole Bulgaria to the Bulgarian bank Corporate Commercial Bank AD. Completion of the transaction is subject to clearance from the relevant regulatory authorities and also to a consultation of the employee representative bodies.
For Crédit Agricole S.A., the sale will lead to a €160 million reduction in its risk-weighted assets while lowering its solvency ratios by less than 1 basis point.
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