14 maj: Coloplast ejer 6,39 pct. egne aktier
14 maj: Spanien kan ikke fuldtegne udstedelse
14-05-2012 10:43:00

French Central Bank Gov: No French Bank In Danger If "Extreme Greek Scenario"

Relateret indhold

PARIS -(Dow Jones)- No French banking group is in danger even in an "extreme" scenario in Greece, the Governor of the Bank of France said Monday.

"I know of no group that would be in difficulty in an extreme scenario in Greece," Noyer said, asked at a press conference in Paris if the Bank of France had looked at the extreme scenario of a Greece exiting the euro.

The situation in Greece has deteriorated sharply as general elections failed to deliver a majority that supports the terms of the bailout from euro-zone countries and the International Monetary Fund. Noyer said the program is necessary for Greece and is in the interest of its citizens.

French banks have sharply reduced their exposure to Greece's troubled economy since last August, when they saw their shares plummet as Europe's sovereign debt crisis unfolded. BNP Paribas SA (BNP.FR), France's largest bank by market capitalization, held Greek sovereign bonds worth just EUR200 million on March 31, 2012, while Societe Generale SA (GLE.FR)'s exposure stood at EUR200 million at the end of last month.

Credit Agricole SA (ACA.FR), however, remains highly exposed to Greece, where it owns Emporiki Bank since 2006. The Greek bank, which carries loans worth EUR18.7 billion on its balance sheet has long been a drain on the lender's finances.

Addressing fears of contagion from Greece, Noyer said Greece is a very particular case unlike any other in the euro zone. Spain's economic fundamentals, for example, give it a strong capacity for recovery, said Noyer, one of the European Central Bank's policymakers.

Noyer also warned France's new government against rushing in to setting new rules for governing the proprietary trading at banks. President elect Francois Hollande pledged in his election program to curb banks' risky trading activities and force them to break off speculative operations into separate entities.

Noyer said proprietary trading activities can also be beneficial to managing risk on banks' balance sheets and financing the economy.

-By William Horobin and Noemie Bisserbe, Dow Jones Newswires; +33 1 4017 1740; william.horobion@dowjones.com; noemie.bisserbe@dowjones.com

(END) Dow Jones Newswires

May 14, 2012 04:43 ET (08:43 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg


EuroInvestor: I fokus


EuroInvestor: I fokus


EuroInvestor: I fokus

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
Aktier/åbning: Biotekaktie i vildt drop - C20 Cap stiger
Aktier/tendens: Biotekaktie leverer skidt nyt i positivt marked
Dongs hængepartier kan koste milliarder - citat
FAKTA: Så meget henter superligaklubberne i præmiepenge
Bioporto/CEO: Vi er ikke slået ud trods NGAL-skuffelse

Relaterede aktiekurser

Natixis 4,41 -1,1% Fald i aktiekurs
Credit Agricole 9,13 0,4% Stigning i aktiekurs
BNP Paribas Act.A 49,73 -0,1% Fald i aktiekurs
Societe Generale 36,92 -0,1% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2016  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
30. maj 2016 10:48:55
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160526.3 - EUROWEB6 - 2016-05-30 10:48:55 - 2016-05-30 10:48:55 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her