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Livret A: inflows rebounded in January, to 6.32 billion euros


Considered a safe-haven investment, the Livret A had last year an inflow almost twice as high as normal, at more than 26 billion euros

The Livret A recorded a collection of around 6.32 billion euros for the first month of the year, after a brief foray into negative territory in December, according to figures released Tuesday by the Caisse des Dépôts.

This is much more than the 4.13 billion collected in January 2020, and the 840 million euros withdrawn in December.

To read also: Jacques-Olivier Martin: "An obese and too lazy A booklet"

Considered a safe-haven investment, the Livret A, which nevertheless guarantees a historically low interest rate of 0.5% per year, was a historic success in 2020, with inflows nearly twice as high as normal, at more than of 26 billion euros, in the context of economic and health uncertainties linked to Covid-19.

For its part, the Sustainable and Solidarity Development Booklet (LDDS) experienced a slowdown, with 870 million euros collected in January, against 1.01 billion in December.

However, this is more than the 410 million in January 2020.

Read also: Livret A: net inflows rebounded to 2.4 billion euros in November

Thus, the collection recorded by the Livret A and the LDDS combined amounted in January to more than 7 billion euros.

The Livret A mainly finances social housing, while the LDDS is dedicated to the social and solidarity economy as well as to energy savings in housing.

At the end of January, 455.5 billion euros were placed in total on the two, an increase of almost 10% over one year.

Source: lefigaro

All business articles on 2021-02-23

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