Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Four top French banks all pass stress test

Share this article

12:00 CEST+02:00

All four top French banks scrutinised by EU stress tests passed the examination, the French regulator said on Friday.

The four banks, BNP Paribas, Societe Generale, Credit Agricole and BPCE passed the "particularly severe" tests with an average top class Tier One shareholder fund ratio of 7.5 percent, above the baseline of 5.0 percent, the regulator said.

"These good results are explained by a rigorous management of risks but also by the universal model of French banks which showed their resilience during the crisis (of 2009)," central bank governor Christian Noyer said.

The French banks would not need to increase their capital even in the event of a severe recession, and a strong rise of unemployment, a surge of inflation and a sudden drop in the value of the dollar against the euro, the regulator concluded.

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement