Bloomberg News

Noyer Says Greek Debt Holdings Aren’t a Problem for French Banks

October 16, 2011

Oct. 16 (Bloomberg) -- Bank of France Governor Christian Noyer said that French banks hold about 8 billion euros of Greek sovereign debt and absorbing losses on those bonds is “managable.”

“Greece isn’t a problem for French banks,” Noyer said today on TV5 Monde.

Noyer also said that French banks should be able to meet requirements to strengthen their balance sheets mainly out of profits. He said that losing confidence of investors is the biggest risk for the lenders today.

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Mark Deen at markdeen@bloomberg.net


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