A summary of the main indicators for the French banking sector
For Frédéric Oudéa, Chairman of the FBF, the stress tests confirm the solidity of France’s banking system.
French banks have once again passed the stress tests conducted by the European Banking Authority (EBA).
Business loans outstanding cleared the 900 billion euro mark to stand at 901 billion euros at end-June. Business loans grew 5% year on year. These figures put France in the lead in the eurozone (up 1.2% at end-May).
The Executive Committee of the French Banking Federation (FBF) has appointed Philippe Brassac, Chief Executive Officer of Crédit Agricole SA, as Chairman of the FBF for a period of one year beginning on 1 September 2016, in accordance with the by-laws of the professional association. He will take over from Frédéric Oudéa, Chief Executive Officer of Société Générale.
Since 2008, the banking industry has experienced an unprecedented surge in regulation to ensure its stability. Now the priority is to reconcile stronger prudential requirements with financing the economy successfully. With this in mind, the French Banking Federation sets out its six priorities and shares its recommendations.
Memos-Banque-01-EN.pdf [813 ko]
FBF welcomes the Capital Markets Union (CMU) initiative and the new priority to growth and employment. A proper financing of the economy is key to achieve these objectives. As a reminder, financing the economy, especially SME's is the number one strategic priority of French banks.
FBF_plaquette_UMC_15072015_EN.pdf [1371 ko]