UPDATE 2-French banks solvency is "satisfactory" -Noyer

* French banks' solvency is "satisfactory"-Noyer

* Stress tests carried out recently on French banks

* CLOs, LBOs, hedge funds remain risk element

* Reiterates no need for French "bad bank"

(Adds further detail, share prices)

By Sudip Kar-Gupta and Anna Willard

PARIS, June 26 (Reuters) - The solvency of France's banks is at a "satisfactory" level, Bank of France governor Christian Noyer said on Friday.

Noyer, who is also an ECB Governing Council Member, said recent stress tests had been carried out on French banks and had shown them to be in solid shape.

"The different types of stress tests carried out in recent months appear to me to confirm my analysis on the solidity of the French banks," he told reporters.

France's top banks produced mixed first-quarter results.

BNP Paribas (BNPP.PA), the country's biggest bank by market capitalisation, reported a better-than-expected net profit of 1.56 billion euros.

Credit Agricole (CAGR.PA), France's biggest retail bank, posted a 77 percent fall in first quarter net profit and Societe Generale (SOGN.PA) and Natixis (CNAT.PA) also made losses.

RISKS REMAIN

Noyer said French banks should continue to pay close attention to the risk factors linked to collateralised loan obligations (CLOs), leveraged buyouts (LBOs) and hedge funds.

He added that another possible risk factor came in the shape of the banks' exposure to assets linked to the U.S. subprime property market -- the sector that kicked off the financial crisis in the first place.