According to the BBC, Credit Agricole plans “a truth transaction accounts” whose final order is expected in February 20. The bank would consider the possibility of moving additional provisions to reduce the amount of goodwill in its accounts.

Goodwill represents the difference between the amount paid to acquire a company and the book value of that asset. In late September, they reached 17.4 billion euros, of which 5.2 related subsidiary LCL, according to the updated document.

The European financial markets supervisor (Esma) has recently found that too few companies had adjusted their balance sheet the fair value of their purchases, such as accounting standards require.

651 MILLION PROVISIONS

On Friday, the bank announced a depreciation in the accounts for the fourth quarter of its regional banks and the sale of about a third of its stake in Spanish bank Bankinter.

The provision of 651 million euros, which will be recorded in the accounts of the 4th quarter 2012 regional banks, will impact negatively their contribution to the consolidated result of agricultural credit, the listed group structure, for an amount of 160 million euros during the same period.

Result of this information, the action Credit Agricole evolved Thursday laggard CAC 40 in early trading. At noon, the action abandoning 2.95% to 7.17 euros in a market down 0.71%.

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