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BNP Paribas, SocGen Said to Start Repaying ECB Loans in Weeks

BNP Paribas SA and Societe Generale SA may begin repaying three-year loans from the European Central Bank within weeks after access to funding markets improved, two people with knowledge of the matter said.

The banks, France’s largest by market value, are considering starting to reimburse the funds gradually as early as Jan. 30, when the Frankfurt-based ECB begins accepting repayments for its long-term refinancing operation, said the people, who requested anonymity because the matter is private.