Financial Times FT.com

European banks energised by Crédit Agricole

By Martha Gill

Published: August 25 2011 13:48 | Last updated: August 25 2011 13:48

Crédit Agricole exceeded analyst expectations, lifting its stock to the top of the CAC 40 in Paris and cheering other banks with significant exposure to Greek debt.

Shares in the French bank rose 4.8 per cent to €6.51 after it reported a 57 per cent rise in first-half net profit for the period of €1.34bn.

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