Credit Lyonnais | South China Morning Post
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Credit Lyonnais

France to borrow 4.5 billion euros to clean up Credit Lyonnais debts

The state-owned Credit Lyonnais had to be bailed out in the mid-1990s. Photo: AFP

France will borrow 4.5 billion euros (HK$46.3 billion) by the end of the year to settle debts from the collapse of the Credit Lyonnais bank, French Finance Minister Pierre Moscovici said on Sunday.

Monday, 11 November, 2013, 12:50pm

Credit Lyonnais cuts exposure in Asia

Credit Lyonnais reduced its exposure to Asia's most crisis-affected countries by 42 per cent last year, underlining the retreat by foreign banks from the region.

Doubtful loans in Indonesia, Thailand, Malaysia, Philippines and South Korea totalled 916 million euros (about HK$7.71 billion).

25 Mar 1999 - 12:00am

Credit Lyonnais says firms in mainland cutting debts

Mainland companies have begun voluntarily reducing their foreign-currency debts to avoid the mistakes of Asian businesses crippled by such borrowings, according to a Credit Lyonnais executive.

Chief executive for Asia Bernard Mignucci said the French bank's exposure to the mainland had stabilised partly because its clients were repaying debts voluntarily.

3 Jul 1998 - 12:00am

Credit Lyonnais Asia not for sale

Credit Lyonnais Securities Asia (CLSA) is not one of the assets that troubled French bank Credit Lyonnais must sell under a bailout agreement with the European Commission, CLSA chief Gary Coull said yesterday. 'A number of people have assumed that a Credit Lyonnais asset sale in Asia must include CLSA,' Mr Coull said.

27 May 1998 - 12:00am

Credit Lyonnais Vietnam

Credit Lyonnais' operations in Vietnam have been suspended from trading in foreign exchange futures for one month over trading errors worth less than US$2,300.

The State Bank of Vietnam barred Credit Lyonnais from participating in forward currency swaps for one month over two trades worth $2,298.

12 Mar 1998 - 12:00am

Euro banks unite to ease Seoul debt

EUROPEAN banks put on an unprecedented display of unity yesterday in a bid to ease mounting pressure on South Korea to meet its short-term debt payments.

Ending three days of crisis talks with British, French and German banking institutions, South Korean central bank governor Lee Kyung-shick said he was optimistic a private-sector rescue package would be successfully arranged.

11 Jan 1998 - 12:00am

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