Report - Credit Agricole may be interested in Commerzbank

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Credit Agricole’s chief, Philippe Brassac, has expressed interest in Commerzbank if the German bank were to be up for sale, according to an interview with the Handelsblatt newspaper.

Reuters reports that Brassac was quoted as saying that he would like the French bank to be better positioned in Germany, as it is in Italy.

Credit Agricole’s strategy plan states that it will focus on organic growth until 2019. “But this doesn’t mean that we wouldn’t take a look at interesting possibilities,” Brassac said in the interview published on Sunday.

“If such a big institute like Commerzbank were really to be on the market, we would surely have to analyse it as one of the significant institutes in the euro zone,” he said.

Hit the link below to access the complete Reuters article:

Chief of Credit Agricole expresses interest in Commerzbank: report

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