French bank fund set to reach 10 bln euros - Moscovici

PARIS Wed Dec 19, 2012 6:48am EST

PARIS Dec 19 (Reuters) - A fund to rescue ailing banks in France and guarantee their deposits will rise to 10 billion euros ($13.2 billion) from an initial 2 billion, French Finance Minister Pierre Moscovici said on Wednesday.

Banks' shareholders and some bondholders may also be called upon to pay for the cost of a bank failure, said Moscovici, at a news event to present a new French bank-reform bill.

"The fund will be 2 billion euros, later to rise to 10 billion," he said.