Analysts concentrate on the words of the chief financial officer of Credit Agricole who did not rule out operations of BUT in Italy. In fact, during a conference, the manager did not rule out that the French institute could consider M&A operations "especially in Italy, Poland and asset management", specifying, however, that" the bank does not want to deal with Npl ".
Equita analysts recall that in July 2018 Credit Agricole acquired 5% of Creval and these statements "could increase the speculative appeal on the stock". Without forgetting that, after the sale of 800 million of impaired loans scheduled for the first part of 2020, the Npe ratio of Creval" is expected to fall in the 7% area ".
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