Banking and finance news
Banque de France revises its growth forecast for late 2023 Gross domestic product (GDP) is set to rise by 0.2% in the final quarter of 2023, according to Banque de France forecasts.
Banks and artificial intelligence together against fraud Faced with new threats, banks are adapting and making massive use of artificial intelligence tools.
Banque de France tests its climate indicator with companies This year, several hundred companies are testing a climate indicator proposed by the Banque de France.
Declining access to credit for VSEs: SDI proposes 3 solutions to reverse the situation Households are not the only ones having difficulty financing their projects. The bank credit acceptance rate for very small businesses has been falling since last year.
Payment terms for SMEs continue to fall The latest report from the Observatoire des délais de paiement shows that, in 2022, payment times have started to fall again, despite supply tensions and the return of...
VSE/SMEs remain concerned about repayment of their EMPs Despite the easing of repayment conditions for state-guaranteed loans, business leaders fear they may find themselves in financial difficulty.
GDP growth forecasts revised upwards In its latest monthly survey, the Banque de France forecasts French GDP growth of 0.2% in Q1 2023.
Mortgages: monthly usury rates from February 1 The French Ministry of the Economy has approved the monthly adjustment of the usury rate, which has until now been revised quarterly. This is a temporary measure to adapt to rising interest rates...
Banks optimistic about resilient VSE/SME activity Reassured by the resilience of their businesses, banks show a certain optimism despite the fears of VSEs and SMEs for 2023.
Corporate profit margins eroded by inflation Corporate profit margins are down slightly on 2021, when they reached 34% of value added.
Associations report worsening household finances Inflation and the energy crisis are making households more vulnerable, and more and more of them are turning to food aid.
Bank credit up again for businesses Outstanding loans to businesses rose by 8.6% year-on-year, a trend that was even more marked for large companies.
Central bank communication in support of monetary policy In recent years, central banks' communications strategy has evolved considerably, particularly with regard to the general public.
Financial difficulties: the Banque de France answers 3414 The Banque de France's telephone information services have been centralized into a single national number, 3414.
60% of banknotes issued in France are held abroad A recent study by the Banque de France reveals that more than half of all banknotes issued in France circulate outside the country.
ATMs: banks speed up rationalization of their ATM fleets BNP Paribas, Crédit Mutuel and Société Générale, which announced the pooling of their ATMs a year ago, are putting their plan into action.
Bank charges: how will they change in 2022? In France, bank charges have remained stable overall this year, as shown by the latest report published on October 12 by the Observatoire des tarifs bancaires (OTB).
The usury rate weighs on consumer credit The usury rate is being criticized not only by mortgage professionals, but also by consumer credit specialists.
Livret A: no rate increase on November 1 despite high inflation There will be no boost for Livret A holders. At least not yet.
Currency shortage: Crédit Agricole Val de France blames the Banque de France The Banque de France denies having been responsible for a "currency shortage", as indicated on a Crédit Agricole Val de France poster.
Banks: back-to-school hot topics The back-to-school season promises to be a busy one for banks, who face a number of challenges in a turbulent environment.
Bercy calls on banks to curb interest rate rises The French Ministry of the Economy and Finance has asked banks to curb the rise in mortgage interest rates.
Livret A: another rate increase expected in February 2023 Given rising inflation and higher interbank rates, the Livret A rate is set to rise again in 2023.
Banking incident charges fall for vulnerable customers The average annual bank charges for the most vulnerable customers fell by 17% in 2021, according to the latest report from the Banking Inclusion Observatory.
Credit: the usury rate poses a problem for local authorities Some local authorities have recently had their loan applications rejected because of the usury rate set by the Banque de France.
Towards a Livret A interest rate of 2% this summer? The Banque de France is due to recalculate the Livret A interest rate on July 15. In view of inflation, this could rise to 2%.
A new presidential term in an uncertain economic climate As Emmanuel Macron prepares to begin his second term in office, France's economic situation appears highly uncertain. We take a closer look.
Banque de France to strengthen security of bank cheques The Banque de France has decided to reinforce the security of bank cheques, considered to be the most fraudulent means of payment in 2020.
Banque de France aims to speed up use of instant transfers The Banque de France has decided to promote the use of instant transfers, which are developing too slowly in France despite some progress.
Banking: Russian nationals in France penalized Since the start of the war in Ukraine, international sanctions have become increasingly severe, penalizing many Russian nationals abroad.
The right to a bank account simplified from June 13 Individuals who are refused a bank account will soon be able to take their case to the Banque de France more quickly to assert their right to a bank account.
Right to an account: a decree will simplify the procedure The right-to-account procedure, considered too complex and time-consuming, will be simplified by a decree expected in mid-March.
Supply: companies hope for an improvement by the end of 2022 Companies are facing supply difficulties. Some 75% are hoping for an improvement by the end of 2022.
Bankcard fraud rate down in 2021 After three years of steady rise, the bankcard fraud rate fell in 2021. Read more.
Companies in difficulty will be able to repay their PGE over 10 years Companies experiencing difficulties in repaying their PGEs will be able to request that their monthly payments be spread over a 10-year period.
Livret A rate to rise to 1% on February 1 From February 1, the Livret A rate will rise from 0.5% to 1%. The government has chosen to go beyond the expected increase. Find out more.
Businesses: Banque de France adopts new rating scale The Banque de France has adopted a new rating scale for assessing the financial health of companies. What does this mean?
Livret A: why households continue to prefer risk-free savings Even before the start of the health crisis, the French preferred risk-free savings. This trend is set to continue in 2022.
Financial literacy: where do the French stand? A recent study by the Banque de France shows that one in four French people consider their financial knowledge to be insufficient.
Covid and surplus savings: the 5 favorite investments of the French The French have accumulated considerable surplus savings since the start of the health crisis. Which investments have been their favorites?
Cheque pricing: the Paris Court of Appeal rules in favor of the banks For several years now, the French Competition Authority and a dozen banks have been locked in a legal tug-of-war over the EIC affair.
Bank charges: increases expected to remain below inflation in 2022 After a relatively stable 2021, bank charges are set to rise in 2022, albeit in moderate proportions.
Livret A rate: a costly increase is likely for banks Due to rising inflation, the Livret A rate is likely to be increased. A decision that would cost banks dearly.
Cheque fraud on the rise over the festive season During the festive season, cheque fraud is on the increase. The Banque de France reminds us of the best practices to avoid them.
Environment: unsustainable investments by central banks Despite the rules they impose on private players, central banks continue to invest in polluting projects.
Covid-19: what impact on the life insurance market? Life insurance broke all records in 2021, achieving total inflows of almost 100 billion euros in the first eight months of the year.
Bank charges: little noticeable change in 2021 Bank charges have remained stable in 2021, as shown by a report from the Observatoire des tarifs bancaires. Here's a detailed review.
PGE: 0.6% of beneficiaries have defaulted Only 3,944 of the 650,836 companies with an EMP are currently the subject of legal proceedings for non-payment. Insights.
Banque de France urges banks to collaborate with fintechs Financial regulators and the government have insisted on the need for banks to collaborate with fintechs. Read on.
Identity theft: how to get out of this fraud? Identity theft is a vicious circle from which it is difficult to escape. The number of people who fall victim to it is rising at an alarming rate. How can you get out of it?
Three banks consider pooling their ATMs The three banks Société Générale, BNP Paribas and Crédit Mutuel are considering pooling their ATMs.
Business activity down 5% in March compared with pre-crisis levels No major downturn, no real improvement: that's what the Banque de France has to say about economic activity in March.