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The banking industry in France 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. [1] France operates a deposits guarantee fund, known as the Fonds de Garantie des Depôts.
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 seventh largest in Europe, and the nineteenth in the world by total assets. [3]
The Bank of France (French: Banque de France [bɑ̃k də fʁɑ̃s], the name used by the bank to refer to itself in all English communications) is the national bank of France and the French member bank of the Eurosystem. It was established by Napoleon Bonaparte in 1800 as a private-sector corporation with unique public status.
It is the only bank in France charged with the responsibility to implement banking services to the public under a legislative initiative to modernize the French economy in 2008. [7] La Banque postale reports a net income of €5.602 billion, -2.5% relative to 2015. [8]
Banque Nationale de Paris (French pronunciation: [bɑ̃k nɑsjɔnal də paʁi]) was a major French bank. It was formed in 1966 through the merger of Comptoir national d'escompte de Paris (CNEP, est. 1848) and Banque nationale pour le commerce et l'industrie (est. 1932). In 1999, it merged with Paribas to form BNP Paribas.
The Crédit Commercial de France (French pronunciation: [kʁedi kɔmɛʁsjal də fʁɑ̃s], "Commercial Credit [Company] of France", abbr. CCF) is a commercial bank in France, founded in 1894 as the Banque Suisse et Française and renamed to CCF in 1917. By the end of the 1920s, it had grown to be the sixth-largest bank in France.
It was established in 1817, expropriated by Vichy France in 1940, returned to the Rothschilds after the liberation of France in 1944, and nationalized in 1982 after which it operated under the name of its subsidiary Compagnie Européenne de Banque (lit. ' European Banking Company ') and was eventually sold in 1991 to Barclays. It played a major ...
In 1878, Paul Eugène Bontoux, former head of department of de Rothschild Frères, general counsel for Hautes-Alpes who had just been invalidated in the legislative elections of 1877 in Gap for vote fraud, former director of railway companies (the Staatsbahn (de) and the Südbahn) and who in 1874 successfully launched a loan on the public markets for lignite operations in Austria, took over ...