Bloomberg News

BNP Needs EU2.1 Bln, SocGen Needs EU3.3 Bln Under EU Plan

October 26, 2011

Oct. 26 (Bloomberg) -- BNP Paribas needs to raise EU2.1 billion and SocGen needs to raise EU3.3 billion under the EU’s banking agreement, French regulator ACP said, citing the European banking regulator. BPCE needs to raise EU3.4 billion while Credit Agricole has no fund raising target, ACP said in an e-emailed statement. The figures are estimates, the ACP also said.

To contact the editor responsible for this story: Ben Livesey at blivesey@bloomberg.net


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