Oct 7 (Reuters) - French bank Credit Agricole said on Wednesday it backs new restructuring efforts at Greek affiliate Emporiki Bank which include a 1 billion euro ($1.47 billion) capital boost.
Here are some facts about Emporiki Bank:
* Emporiki Bank operates 372 branches in Greece and is also active in Germany, Cyprus, Romania, Bulgaria, Albania and the United Kingdom.
* SOME NUMBERS::
2008 Income: 763.43 million euros
2008 Assets: 30 billion euros ($44.10 billion)
2008 Net Profit: -491.91 million euros
Market Cap: 1.4 billion euros
Employees: 6,899 * PERFORMANCE:
-- The bank reported a net loss of 359 million euros ($505 million) in the first half of the year which compared with a loss of 15 million in the same period last year.
-- Emporiki said in June it planned to shed 1,500 jobs in the next three years through voluntary measures as part of its cost-cutting.
* RIGHTS ISSUE:
-- In February the bank's shareholders approved an 850 million euro ($1.16 billion) rights issue to boost capital and liquidity. Emporiki decided not to take part in the Greek government's 28 billion bank support plan but instead opted to rely on its shareholders for a capital boost.
* HISTORY:
-- Emporiki Bank's roots go back to 1886 when Grigorios Empedoklis established the "Gr. Empedoklis" Banking Office. It came under the control of the Greek state in 1975 as the majority of shares came under the ownership of state-controlled organisations in a share capital increase.
-- In 2000 Credit Agricole took a 6.7 percent stake in the bank. Credit Agricole increased the stake to 8.74 percent in 2002 and to 71.97 percent in 2006. It now holds 82.48 percent. Sources: Reuters; http://www.emporiki.gr; ($1=.6802 euros) (Writing by Jijo Jacob, Bangalore Editorial Reference Unit; Editing by David Cutler and Greg Mahlich)