Banking in France

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.

During 2018 the banking sector of the French economy employed 362,800 people.^[2]

Largest banks

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

1. BNP Paribas: $2,488.5 bn

2. Crédit Agricole: $1,961.1 bn

3. Société Générale: $1,462.0 bn

4. BPCE: $863.3 bn

5. Crédit Mutuel - CIC: $624.0 Bn

History of banking

At about the time of the commencement of the year 1800,^[3][4] 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 (fr), Neuflize (fr), Rothschilds and Vernes (fr).^[3][4]

Online banking in France

Monabanq (fr), opened during and is based in Hauts-de-France.^[5][6]