Bloomberg News

BNP Paribas Hasn’t Decided Yet Whether to Tap ECB’s Funds

February 15, 2012

Feb. 15 (Bloomberg) -- BNP Paribas SA, which was among the euro-area’s lenders using European Central Bank’s three-year funds in December, hasn’t decided yet whether it will tap it again at the end of February, Chief Executive Officer Jean- Laurent Bonnafe said.

“We don’t need” to tap the funding facility, Bonnafe said in an interview on Bloomberg Television today. “If it’s clever to move, we will move. If it’s not clever, we won’t move,” he said.

To contact the editor responsible for this story: Fabio Benedetti-Valentini at fabiobv@bloomberg.net


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