N※N

CREDIT AGRICOLE SA : Details of Crédit Agricole's global exposure to Greece

  //business-finance.news-articles.net/content/201 .. 33-dit-agricole-s-global-exposure-to-greece.html
  Published in Business and Finance on Friday, May 7th 2010 at 1:01 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

PARIS--(Marketwire - May 7, 2010) - Details of Crédit Agricole's global exposure to Greece

Paris, 7 May 2010 - In addition to the funding provided to the Greek private sector by the Group's local subsidiaries, Crédit Agricole has the following exposure to Greece:

- Sovereign risk: €850 million

- Interbank risk: €180 million

- CACIB commercial commitments: €2.4 billion, mainly in secured lending against ships, and trading transactions. This amounts to 1.2% of CACIB's commercial commitments.

With respect to the insurance business, the Group's exposure to Greek sovereign risk, net of policy-holder profit-sharing and tax, is slightly less than €400 million. This exposure is relatively small compared to the scale of the business of Crédit Agricole Assurances, which is the leading bancassurance company in France.

This information is provided by HUGIN