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French state-owned postal bank raises 1 bln euros

(Reuters) – France’s state-owned postal bank said on Thursday it had raised 1 billion euros ($1.3 billion) in fresh capital from its parent group to help it expand and issue more loans amid recession in its home market.

The figure is made up of 200 million euros in capital and 800 million in hybrid debt instruments that count towards core, loss-absorbing Tier 1 capital, the bank said in a statement.

Read more: French state-owned postal bank raises 1 bln euros | Reuters.