HORSHAM, England, March 14 (Reuters) - French banks do not need a plan to deal with their toxic assets, Bank of France Governor Christian Noyer said on Saturday.
'We have no need to treat toxic assets in a massive way,' Noyer told reporters after a briefing of the G20 finance ministers and central bankers where they issued a statement on how to treat toxic assets.
He said the exception was Dexia, the Belgian-French financial group which last year received a 6.4 billion euro capital injection from Belgium, France and Luxembourg and other shareholders and then secured guarantees of up to 150 billion euros for its borrowings from the three states.
(Reporting by Anna Willard; Editing by Keith Weir) Keywords: FRANCE BANKS/ (Reuters Messaging: anna.willard.reuters.com@reuters.net; +33 1 49 49 5399; anna.willard@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'We have no need to treat toxic assets in a massive way,' Noyer told reporters after a briefing of the G20 finance ministers and central bankers where they issued a statement on how to treat toxic assets.
He said the exception was Dexia, the Belgian-French financial group which last year received a 6.4 billion euro capital injection from Belgium, France and Luxembourg and other shareholders and then secured guarantees of up to 150 billion euros for its borrowings from the three states.
(Reporting by Anna Willard; Editing by Keith Weir) Keywords: FRANCE BANKS/ (Reuters Messaging: anna.willard.reuters.com@reuters.net; +33 1 49 49 5399; anna.willard@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.