Baudouin Prot, chief executive of France's biggest listed bank, BNP Paribas , denied on Thursday that it was in contact with Qatar over possible investment by the Gulf state, repeating it had no need for fresh capital.
Deteriorating confidence in French banks' ability to withstand the euro zone debt crisis has hit their share prices hard and ramped up their cost of U.S. dollar funding, but Prot insisted in a radio interview the bank was operating normally.
Shares in BNP were down 5 percent at 23.23 euros at 1123 GMT, in line with banking stocks across Europe , pummelled by darkening clouds on the economic horizon. French rivals Societe Generale and Credit Agricole were down 7.4 percent and 7.7 percent, while Britain's Barclays was down 6.3 percent, and Spain's Santander down 5 percent.
No comments:
Post a Comment