Banque de France profits remain elevated on back of euro note increase


Banque de France on Monday revealed a net profit of almost €2.56 billion ($3.63 billion).

Profit before corporate tax and payments made to its fund for general banking risks and regulated provisions was certified at €4.5 billion, near to the record highs achieved for 2009. Net profit was slightly higher than the figure reported for 2009, which was €2.47 billion.

Banque de France noted two main contributing factors to the high level of profit. First, the growth of banknotes in circulation in the

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