Home French banking sector Key figures The French banking sector in the top ranks of the EU  
 
 
 

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09 may 2011

The French banking sector in the top ranks of the EU


The French market is largely open to foreign banks. Nearly 8,400 banks in the European Union.

 

At the end of 2009, France totalled 214 foreign establishments, most of which (over 63%) involving European companies. These credit institutions are predominantly from the UK , Germany and Italy. 78 foreign establishments in France are from non-EU countries, predominantly from the US .

Source : ACP

France is the second European country, after Luxembourg, in terms of the number of banking subsidiaries of European origin, with 66 subsidiaries.

It is also 2nd in terms of the number of bank subsidiaries from non-EU countries (55 subsidiaries, after the UK).

In addition, France is one of the leading EU countries in terms of the banking coverage of its branches (with one branch for 1,676 inhabitants).


Source : ECB, European Banking Structures , September 2010



2 million people worked in the European Union's 8,360 credit institutions in 2009.

The European banking sector totals almost 230,000 bank branches.

At the end of 2009 :

  • outstanding loans to financial companies amounted to EUR 5,786 billion,
  • outstanding loans to individuals reached EUR 6,917 billion.

Source : ECB, European Banking Structures , September 2010

 
 
 
 
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