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Profit of Credit Agricole with 89% increase for the second quarter

The French bank Credit Agricole said its profit growth of 89% in the second quarter on an annual basis. So the result is much stronger than prior analyst expectations. The profit of the financial institution 379 million after the second quarter of last year the positive result was 201 million euros. Analysts had forecast a positive result of 318 million euros. With great credit for the strong results, division of corporate and investment banking. It has brought a profit of 330 million targets after the same period last year its profits were 87 million. Thus the bank has managed to neutralize most of the losses caused by the Greek crisis. That is why it is Credit Agricole derecognition of assets for 418 million related to its possession a Greek bank Emporiki. The financial institution realized good financial results of fixed rate mortgages and good business management. Credit Agricole is among the largest creditors in Greece and having large market stake in this branch.