French banks add €1.4 billion to Single Resolution Fund

The three largest French banks sharply increased their contributions to the Single Resolution Fund (SRF) in the first quarter of the year, far outstripping additions made by their European peers.

BNP Paribas, Credit Agricole and Societe Generale’s contributions to the SRF jumped by 25% on average compared to a year ago, totalling almost €1.4 billion ($1.65 billion).

Credit Agricole posted the largest increase, adding €359 million, compared with €274 million a year ago – a 31% jump. The

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: