NBG Negotiates With Credit Agricole Over Greek Unit

National Bank (NBGr.AT), Greece’s biggest lender, said on Monday it was in talks with France’s Credit Agricole (CAGR.PA) over a strategic alliance with Credit Agricole’s Greek unit, Emporiki.

“There were discussions between the managements of National and Credit Agricole regarding the potential for future strategic alliances, which are at an initial phase,” National said in a bourse filing.

National said it would inform investors if the talks produce any specific results, Reuters reported.