August 11, 2011 / 11:40 AM / 6 years ago

Noyer says French banks are solid, well capitalised

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Aug 11 (Reuters) - CORRECTED-BANK OF FRANCE GOV NOYER SAYS FRENCH BANK H1 (NOT Q1) RESULTS SHOWED SOLIDITY; CAPITAL LEVELS ARE ADEQUATE

RPT-BANK OF FRANCE GOV NOYER SAYS RECENT MARKET TURMOIL WILL NOT AFFECT FINANCIAL SOLIDITY OF FRENCH BANKS (Corrects to first-half, not first-quarter)

PARIS, Aug 11 (Reuters) - Bank of France Governor Christian Noyer said on Thursday that French banks are solid, as demonstrated by first-half earnings, and their solidity would not be affected by recent market turmoil.

"Their capital levels, boosted by strong equity capital, are adequate and their medium to long-term financing programmes are being carried out in perfectly satisfactory conditions," Noyer said in a statement. (Reporting by Jean-Baptiste Vey and Nick Vinocur)

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