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Dubai debt crisis to have limited impact on French lenders

Posted on: Fri, 27 Nov 2009 07:08:00 EST

Symbols: NTXFF

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Nov 27, 2009 (AIRLINE INDUSTRY INFORMATION via COMTEX) --
NTXFF | Quote | Chart | News | PowerRating -- 27 November 2009 - French banks told Reuters on Friday Dubai debt
restructuring would have limited effect on their operations.

Natixis (EPA:KN) said it had an exposure of some USD50m (EUR33.5m) to
Dubai World, the state-run investment group that said earlier it would
seek a standstill on its debt repayment within its larger
debt-restructuring effort.

Societe Generale (EPA:GLE) and Dexia (EBR:DEXB) dubbed their exposure
to Dubai World as "limited". Calyon, part of Credit Agricole (EPA:ACA),
said its exposure was "very low" while BNP Paribas (EPA:BNP) said it
had not funded the emirate's property boom and expects no fallout of
its subsequent collapse.

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