Bloomberg News

Noyer Says French Banks Won’t Need State Help to Boost Capital

October 24, 2011

Oct. 24 (Bloomberg) -- Bank of France Governor Christian Noyer said that the country’s commercial lenders won’t need state support to meet tougher capital requirements to be put in place by European authorities.

French banks need less than 10 billion euros to meet the new requirements, he said today on BFM radio.

“This is perfectly absorbable by the banks themselves,” Noyer said. “They can do it without state aid. There’s no bank in particular that needs help.”

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

To contact the editor responsible for this story: David Whitehouse at dwhitehouse1@bloomberg.net


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