New credit line negotiated with a consortium of 5 banks. This reserve gives the Group a total of 40 months of cash reserves.
BNP Paribas, Crédit Agricole CIB, Crédit Industriel et Commercial, Natixis and Société Générale have granted an additional €560 million line of credit to Europe's leading bank over 12 months with two 6-month renewal options.
Its liquidity reserves now amount to €4 billion, broken down as follows:
- "€2.5bn available cash at-hand as of end-March 2020
- €1.2bn RCF signed in July 2018 - undrawn
- €0.56bn as per the new RCF - undrawn"
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