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]


  1. ^ Norris, Floyd (2008-11-10). "The World's Banks Could Prove Too Big to Fail — or to Rescue". NY Times. Retrieved 26 April 2010.
  2. ^ Chiffres clés et évolution de l’emploi dans la banque en 2018 Archived 2019-12-22 at the Wayback Machine (fr), La Fédération Bancaire Française Retrieved 2019-06-20
  3. ^ a b 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, ISBN 2600010386, ISBN 9782600010382 Retrieved 2019-06-20
  4. ^ a b Ivan Berend (2013) - An Economic History of Nineteenth-Century Europe: Diversity and Industrialization, p.153, Cambridge University Press ISBN 1107030706,ISBN 9781107030701 Retrieved 2019-06-20
  5. ^ Banques-en-ligne Culture banque Retrieved 2019-06-20
  6. ^ apropos Mona banq Retrieved 2019-06-20


Further reading