France's BNP Calms Market on Results after SocGen

French bank BNP Paribas said on Thursday it saw no exceptional loss or item in its 2007 accounts which would justify a warning as rival Societe Generale said it had been hit by a multi-billion euro fraud.

BNP said it would also publish preliminary results next week, ahead of its formal full year figures on Feb. 20.

"The process of closing the 2007 accounts of BNP Paribas is continuing in a satisfactory manner. It has not revealed any loss of item that would justify any particular warning to the market," BNP Paribas said in a statement.

"In light of the exceptional worries which are currently weighing on the market... BNP has decided to publish as of next week estimated results for 2007," it added.

Societe Generale said earlier it would be forced to book a 4.9 billion euro loss due to fraud by one of its traders and would book further writedowns of 2.05 billion euros related to the global credit crunch.