Overview of Banks in France
France is one of the developed nations in the European Union and has one of the biggest financial markets in the European regions. There are more than 400 Banks that are currently working in France. The credit rating by the rating agency Moody’s rated the banking and the financial system in France as stable because of the stable credit quality and the strength in Banks liquidity and asset quality. The Bank of France controls and regulate the monetary system in the country, which is responsible for performing and formulating monetary and credit policies in the country, control the money supply in the country and setting up of interest and bank rates on which the other banks of the country acts.
Top 10 Banks in France
Here is a list of the top 10 Banks which are currently operating in the country: –
1. BNP Paribas
BNP Paribas is the oldest bank operating in the country. The bank was founded in the year 1848 and now currently employees around 192,000 employees, which are present in around 74 countries, including Europe and other nations as well. The groups cover all aspect of banking in the world which is starting from bank deposits, retail banking, and corporate banking. It helps all its clients in lending, transaction advisory, wealth management, and also insurance. The bank also has fund management services currently active in some of the European markets. BNP Paribas enjoys the top position in Europe
2. Credit Agricole
Credit Agricole was founded in the year 1894 and has over 10,000 + employees currently operating. The bank is a public listed company and is headquartered in Mont Rouge. The bank provides retail banking, corporate insurance, investment banking products in Europe and other markets as well. The bank serves over 52 million customers worldwide.
BPCE is also one of the leading banks in France and is headquartered in Paris. The bank has currently over 117,000 employees, which serve over 36 million customers. BPCE offers its customers a wide range of banking and financial products ranging from investment solutions, cash management, servicing financial solutions and various other services
4. Societe Generale
Societe Generale is also one of the largest banks which is based in France. The bank is headquartered in the capital city of Paris and has currently an employee strength of around 146,000 individuals working for the bank. The bank is majorly into retail banking solutions; it is also ventured into loan syndication and private banking solutions.
5. Groupe Credit Mutuel-CIC
Groupe Credit Mutuel-CIC was founded in the year 1645, which makes it is the oldest bank currently operating in France. The bank has an employee strength of around 70,000 + individuals spread across 4,000 branches. The bank has a product range varying from personal or private banking to real estate lending and also technological services.
6. Credit Mutuel
Credit Mutuel has an employee strength of over 10,000+ employees. The bank was formed under a partnership structure. The bank is headquartered in the city of Strasbourg and was founded in the year 1645. The bank has a customer base of 8 million customers worldwide
7. Credit Cooperatif
Credit Cooperatif is one of the cooperative banks operating in France. The bank was established in 1989 and had an employee strength of around 2,000+ staff. The bank major objective is to develop mutual organizations, small businesses, trade associations, and work committees. The bank is privately held in nature.
8. La Banque Postale
La Banques Postale was founded in the year 2006 and is a subsidiary of La Poste, the national postal service of the country. The bank is into retail banking, insurance, and asset management. The bank is headquartered in Paris and has an employee strength, 27,000 individuals.
9. AXA Banque
AXA Banque was founded in the year 2002 and is offering savings accounts services, real estate services, and also personal loans. The bank is currently operating in around 64 countries and is serving over 100 million customers. The bank also has an employee count of 150,000+ staff operating currently.
10. Credit du Nord
Credit du Nord was founded in the year 1848 and is headquartered in Lille. The bank is basically a chain of several banks that are operating in the country and is serving around 1.5 millions customers in more than 700 stores. The bank is mainly owned by the bank Société Générale.
This has been a guide to Top Banks in France. Here we have discussed the overview, structure of the top bank in France. You may also look at the following articles to learn more –