Politics · France · 1 hr ago

France’s National Rally gets preliminary bank agreement for campaign loan

France’s National Rally gets preliminary bank agreement for campaign loan

France’s National Rally has a preliminary agreement with two European banks for a loan to fund Marine Le Pen’s presidential campaign.

The party says it needs €10.6 million for the campaign.

The banks are based in two different countries, but their names have not been disclosed.

The agreement concerns whether the party’s loan application is legally possible and financially sound; it is not confirmation that the money has been lent.

No French bank has agreed to lend to the party for this campaign.

The National Rally hopes to finalize the loan by the end of November.

3 sources

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What people are saying

Kevin PfefferNational Rally treasurer
an agreement on the legal feasibility and strength of the party’s file has been reached with two European banks
via franceinfo
quite optimistic
via franceinfo