(Adds further comments and detail)
PARIS, March 20 (Reuters) - Bank of France head Francois
Villeroy de Galhau said French banks were stable and profitable
and had good liquidity and capital positions, as he also
welcomed Switzerland's move for UBS to buy Credit
Suisse .
"They have diversified business models, which are
profitable. They have strong risk controls and, above all, they
have very important levels of liquidity and capital," Villeroy
told France Inter radio on Monday.
Villeroy, who is also a member of the European Central Bank
(ECB), reaffirmed that the ECB was determined to bring down
inflation, and that he expected global agricultural prices to go
down in June, which should help ease pressures on food prices.
(Reporting by Sudip Kar-Gupta, Leigh Thomas, Layli Foroudi,
Bertrand Boucey; Editing by Jamie Freed and Bernadette Baum)
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