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BNP Paribas agrees Greek debt provisions with auditors

French bank had been criticised over the way it accounted for a writedown on its exposure to Greek government debt

BNP Paribas said on Tuesday that provisions it made against losses on its Greek sovereign debt holdings were agreed with auditors and authorities.

The comments came in response to a press report that the International Accounting Standards Board was unhappy with the level of writedowns made by the French bank and some other players.

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