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.

The largest Banks in France are the following:

1. BNP Paribas : $2,792.10 Bn

2. Crédit Agricole : $2,236.80 Bn

3. Société Générale: $1,590.72 Bn

4. BPCE: $1,532.53 Bn

5. Crédit Mutuel - CIC : $688.158 Bn

BNP Paribas is also the largest Bank in the world in terms of assets as of Dec, 31 2012.

References

  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.
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