French banks pass EU stress tests: central bank

23rd July 2010, Comments 0 comments

All four major French banks examined in the EU's banking stress tests passed with a clean bill of health, the governor of France's central bank said on Friday.

BNP Paribas, Societe Generale, Credit Agricole and BPCE passed the financial stability tests for lenders "with success," said the governor of the Bank of France, Christian Noyer.

French banks "really have a strong capacity for resistance," Noyer said.

The four lenders were among 91 European banks examined by EU authorities to test their ability to resist another financial crisis.

© 2010 AFP

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