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French banks driven by the economic recovery and the decline in business failures

2021-08-05T19:20:43.298Z

With better results than in 2019, even historic, they took advantage of the very strong economic rebound, better than expected thanks to vaccines.



It has been a long time since we have seen French banks in such good shape.

All of them have erased the 2020 air gap and posted results that are often better than in 2019, even historic.

“The banks have done very well over the past six months,”

say Barclays analysts.

BNP Paribas, the largest bank in the euro zone, thus signed between April and June the best quarterly performance in its history with a net profit of almost 3 billion euros.

This is around 18% better than in the second quarter of 2019. Crédit Agricole SA, the listed entity of the Green Bank, practically doubled its half-year results with a net profit of 3.01 billion euros.

Read also:

Historic surge in the profits of the CAC 40 giants

Societe Generale claims its best quarter since 2016 with a net profit between April and June of 1.4 billion.

This allowed it to erase its heavy loss a year earlier (1.3 billion in the first half).

BPCE (Banque Populaire, Caisse d'épargne) has, for its part, greatly increased its results tenfold

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Source: lefigaro

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