The

banking A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

industry in

France France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlan ...

has, as of 11 October 2008, an average leverage ratio (assets/net worth) of 28 to 1, and its short-term liabilities are equal to 60% of the French GDP or 128% of its national debt. France operates a deposits guarantee fund, known as the Fonds de Garantie des Depôts. During 2018 the banking sector of the French economy employed 362,800 people.

Largest banks

The largest banks by total assets in Euros (as of year end 2020) in France are the following: 1.

BNP Paribas BNP Paribas (; sometimes referred to as BNPP or BNP) is a French multinational universal bank and financial services holding company headquartered in Paris. It was founded in 2000 from the merger of two of France's foremost financial instituti ...

: $2,488.5 bn 2.

Crédit Agricole Crédit Agricole Group (), sometimes called La banque verte (, , due to its historical ties to farming), is a French international banking group and the world's largest cooperative financial institution. It is the second largest bank in France, ...

: $1,961.1 bn 3.

Société Générale Société Générale S.A. (), colloquially known in English-speaking countries as SocGen (), is a French multinational universal bank and financial services company founded in 1864. It is registered in downtown Paris and headquartered nearby i ...

: $1,462.0 bn 4.

BPCE BPCE (for Banque Populaire Caisse d'Epargne) is a major French banking group formed by the 2009 merger of two major retail banking groups, Groupe Caisse d'Épargne and Groupe Banque Populaire. As of 2021, it was France's fourth-largest bank, the ...

: $863.3 bn 5. Crédit Mutuel - CIC: $624.0 Bn

History of banking

At about the time of the commencement of the year 1800, and of the first period of revolutionary change in banking within the continent of Europe, the high banking houses of France included the Hottinguer,

Mallet A mallet is a tool used for imparting force on another object, often made of rubber or sometimes wood, that is smaller than a maul or beetle, and usually has a relatively large head. General overview The term is descriptive of the ...

(fr), Neuflize (fr), Rothschilds and Vernes (fr).Hubert Bonin
Histoire de la Société générale (I) 1864-1890, naissance d'une banque
p.11, Librairie Droz S.A., 2006, Volume 20 of Publications d'histoire économique et sociale internationale, , Retrieved 2019-06-20 Ivan Berend (2013)
An Economic History of Nineteenth-Century Europe: Diversity and Industrializationp.153

Cambridge University Press Cambridge University Press was the university press of the University of Cambridge. Granted a letters patent by King Henry VIII in 1534, it was the oldest university press in the world. Cambridge University Press merged with Cambridge Assessme ...

, Retrieved 2019-06-20

Online banking in France

Monabanq (fr), opened during and is based in

Hauts-de-France Hauts-de-France (; ; ), also referred to in English as Upper France, is the northernmost region of France, created by the territorial reform of French regions in 2014, from a merger of Nord-Pas-de-Calais and Picardy. Its prefecture is Lille. ...

.apropos
Mona banq Retrieved 2019-06-20

References

Source

La Fédération Bancaire Française
(the Banking Federation of France)

External links

Information about French banks in EnglishListe des néobanques pro et banques en ligne pour professionnels en France
(

French language French ( or ) is a Romance languages, Romance language of the Indo-European languages, Indo-European family. Like all other Romance languages, it descended from the Vulgar Latin of the Roman Empire. French evolved from Northern Old Gallo-R ...

) * Alain Plessis ( fr)
Histoire des banques en France
(

) La Fédération Bancaire Française and l’Université de Paris X Nanterre *Véronique Chocron (9 May 2019)
Alors que la Société générale a perdu plus d’un million de clients en six ans, sa filiale Boursorama vise plus de 3 millions de comptes en 2021
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le Monde (; ) is a mass media in France, French daily afternoon list of newspapers in France, newspaper. It is the main publication of Le Monde Group and reported an average print circulation, circulation of 480,000 copies per issue in 2022, including ...

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