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Bank of France profit increased to 2.56 billion EUR

From the Bank of France reported today that the net profit for 2010 rose by 86 million to 2.56 billion EUR. Finally was decided that, the bank will pay 1.56 billion dividend to the state. The central bank explained that the revenues were supported by growth in the volume of investment, after the amount of euros in circulation has increased. Revenues also increased due to the rising income from the long-term investments that are part of the response to the eurozone financial crisis. The impact of international currency markets has been modest, since the average value of the euro has dropped to 1.33 dollars in 2010 from 1.39 dollars in 2009.
The bank is having special management program to decrease the outcomes and spendings over the wages and bonuses, but together with this realized good loan policy. The bad loans of the bank decreased with more than 55% and the risk management is stabilizing the financial conditions of the institution. Also as it was mentioned before the bank has good long-term investments, which repaid and were successful.