Paris - French bank Societe Generale said Monday it had suffered only "negligible" losses in the 50-billion-dollar securities fraud allegedly engineered by a leading Wall Street broker.

In a statement the bank said its exposure to Madoff Investment Securities LLC, and the so-called Ponzi scheme run by its head, Bernard L Madoff, was "below 10 million euros" (13.46 million dollars).

However, another big French bank, BNP Paribas, announced on Sunday that it could lose up to 350 million euros as a result of Madoff's activities. (dpa)