March 12, 2020 / 11:15 AM / a month ago

French public bank Bpifrance to increase guarantees on SME loans - minister

PARIS, March 12 (Reuters) - French state-owned investment bank Bpifrance will increase guarantees on small and midsized firms loans to 90% of the loan from 70%, Financial Minister Bruno Le Maire said on Thursday.

Le Maire also told a news conference that the government will put in place a solidarity fund for the companies worst impacted by the coronavirus outbreak.

Reporting by Leigh Thomas; Writing by Matthieu Protard; Editing by Jan Harvey

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