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The
banking A bank is a financial institution that accepts 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 markets. Because ...
industry in
France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...
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 Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is ofte ...
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 Euro (as of Year end 2020) in France are the following: 1.
BNP Paribas BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the grou ...
: $2,488.5 Bn 2.
Crédit Agricole Crédit Agricole Group (), sometimes called La banque verte ( en, The green bank) due to its historical ties to farming, is a French international banking group and the world's largest cooperative financial institution. It is France's second lar ...
: $1,961.1 Bn 3.
Société Générale Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale ...
: $1,462.0 Bn 4.
BPCE Groupe 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 ...
: $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. The term is descriptive of the overall size and propor ...
(fr), Neuflize (fr),
Rothschilds The Rothschild family ( , ) is a wealthy Ashkenazi Jewish family originally from Frankfurt that rose to prominence with Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of Fran ...
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 Ivan () is a Slavic male given name, connected with the variant of the Greek name (English: John) from Hebrew meaning 'God is gracious'. It is associated worldwide with Slavic countries. The earliest person known to bear the name was Bulgari ...
(2013)
An Economic History of Nineteenth-Century Europe: Diversity and Industrializationp.153
Cambridge University Press Cambridge University Press is the university press of the University of Cambridge. Granted letters patent by King Henry VIII in 1534, it is the oldest university press in the world. It is also the King's Printer. Cambridge University Pr ...
, Retrieved 2019-06-20


Online banking in France

Monabanq (fr), opened during 2006, based in
Hauts-de-France Hauts-de-France (; pcd, Heuts-d'Franche; , also ''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. The ...
.apropos
Mona banq Mona may refer to: People *Mona (name), a female given name, nickname and surname * Mona (Angolan footballer) (born 1997) *Mona, ring name of American wrestler Nora Greenwald Museums *Museum of Nebraska Art, Kearney, Nebraska, US *Museum of Neon ...
Retrieved 2019-06-20


References


Source


La Fédération Bancaire Française
(the Banking Federation of France)


Further reading

* Born, Karl Erich. ''International Banking in the 19th and 20th Centuries'' (St Martin's, 1983
online


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 language of the Indo-European family. It descended from the Vulgar Latin of the Roman Empire, as did all Romance languages. French evolved from Gallo-Romance, the Latin spoken in Gaul, and more specifically in N ...
) *
Alain Plessis Alain may refer to: People * Alain (given name), common given name, including list of persons and fictional characters with the name * Alain (surname) * "Alain", a pseudonym for cartoonist Daniel Brustlein * Alain, a standard author abbreviation u ...
( fr)
Histoire des banques en France
(
French language French ( or ) is a Romance language of the Indo-European family. It descended from the Vulgar Latin of the Roman Empire, as did all Romance languages. French evolved from Gallo-Romance, the Latin spoken in Gaul, and more specifically in N ...
) 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.html" ;"title="Boursorama">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">Boursorama">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''le Monde'' Banking in France, {{france-stub