French bank Crédit Agricole should wipe a historic loss for the year 2012, after recording the last quarter of impairment of goodwill massive height of 2.67 billion euros, with an equivalent impact on the outcome . The listed entity of the green bank already posted a net loss of 2.48 billion euros in the first nine months of the year. She was accused for the first time a loss in 2011, amounting to 1.47 billion euros Prize Bond | All Prize Bond schedule Result Pakistan Formula List Schedule Lucky.
Without waiting for the publication of its results, scheduled for February 20, Crédit Agricole has chosen to communicate its position on Friday after the daily Le Figaro reported was the eve of holding a board to endorse these impairments. As the stock market reacted badly, having abandoned the action up 4.24% in session Thursday. She went up Friday, February 1st, investors anticipating a rapid normalization of the financial position of the green bank Prize Bond | All Prize Bond Result Pakistan Formula List Schedule Lucky.
Goodwill represents the difference between the amount paid to acquire a company and the book value of that asset. Fond of acquisitions during the first six years of its listing (2001 to 2007), Crédit Agricole SA posted in late September for € 17.4 billion of goodwill Prize Bond guess papers | All Prize Bond Result Pakistan Formula List Schedule Lucky.
He chose to reduce the amount of 2.6 billion in the last quarter of 2012, but also to depreciate its 20.2% participation in the capital of the Portuguese bank BES, up to 267 million. Impairment of goodwill have no impact on the Group’s cash reserves, nor on capital ratios. The regulator deducted indeed systematically goodwill for its equity ratio calculations Prize Bond | All Prize Bond Result Pakistan Formula List Schedule Lucky.
Also on this last sequence of the accounting year, Crédit Agricole SA has faced a negative impact of 850 million euros in net banking income related to the revaluation of its debt. When market conditions improve, the market value of the bank debt appreciates as investors believe that the probability of repayment is higher. It must be integrated into its accounts, which cuts its result.
EXIT TAX AND IMPAIRMENT OF ASSETS Prize Bond | All Prize Bond Result Pakistan Formula List Schedule Lucky
Two other special items will also mark the fourth quarter. First, a tax charge of 130 million euros for the exceptional tax (exit tax) on the capitalization reserves of insurance companies. Then, the negative impact of the depreciation of the value of securities of the SAS Rue La Boétie (which controls Crédit Agricole SA) by the regional mutuals group, announced on January 25.
This depreciation will decrease the result of each regional office and mechanically lowered its profit contribution to Crédit Agricole SA and the underestimate of 160 million euros. In total, these special items will strain the result of the fourth quarter of approximately $ 3.8 billion Prize Bond | All Prize Bond Result Pakistan Formula List Schedule Lucky.
All this is in addition to the results already at half mast on the first nine months, branded by Greece and the adventure of subsidiary Emporiki finally transferred to another facility Greek Alpha Bank. In the first nine months of the year, Greece, both in regard to the exchange program Emporiki its sovereign debt, had a negative impact of € 3.2 billion on account of CASA. All of these exceptional charges should lead the group into the red in 2012, whereas in 2011, only Crédit Agricole SA had recorded a loss Prize Bond | All Prize Bond Result Pakistan Formula List Schedule Lucky.