French banks have done more to support businesses than banks in other European countries since the beginning of the crisis. Moreover, French banks support the economy in many ways, being one of the largest private sectors and private employers in France.
Since the start of the crisis, French banks have done more to support businesses than banks in other European countries.
Outstanding loans to businesses have risen sharply in France while they have fallen across the eurozone as a whole, even in Germany. French banks have played a counter-cyclical role since 2009 and growth in lending has systematically exceeded GDP growth.