French bank Credit Agricole said Wednesday it will pay off euro3 billion ($4.5 billion) in emergency government funding provided to bolster the banking sector last year.
Credit Agricole is the third leading French bank to say it is repaying the aid, after BNP Paribas and Societe Generale launched rights issues this month to pay off the money.
Credit Agricole said in a statement it will pay of the entirety of its state aid on Oct. 27, thanks to strengthening credit markets and the "financial …
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