French banks need less than 10 billion euros: Noyer

Reuters

European Union

"The French figure will be less than 10 billion euros," Noyer told France's BFM radio, adding that the increase in capital would apply to all France's banks.

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Noyer also said that French banks, which suffer from high exposure to Greece and other peripheral euro zone nations, could raise their capital levels without needing an injection of state funds.

(Reporting By Jean-Baptiste Vey and Alexandria Sage)