France's banking landscape is dominated by three major players, with BNP Paribas leading the pack in market capitalization. As of January 2024, BNP Paribas' market cap reached 79.3 billion euros, marking a significant increase from the previous year. This growth solidifies its position not only as France's largest bank but also as one of Europe's leading financial institutions.
Financial strength and performance
BNP Paribas' market dominance is reflected in other key financial metrics. In 2023, it topped the list of leading French banks in terms of assets, with total assets exceeding 2.5 trillion euros, closely followed by Crédit Agricole with over 2.4 trillion euros. BNP Paribas also led in banking income, reporting 50.4 billion euros in 2023, significantly higher than its competitors.
Digital banking revolution
While traditional banks maintain their stronghold, the French banking sector is experiencing a digital revolution. BoursoBank, formerly Boursorama Bank and a subsidiary of Société Générale, emerged as the leading neobank in France with 6.3 million customers in 2024. This growth aligns with the increasing penetration of online banking in France, which reached 72 percent in 2023, surpassing the EU average.
Leading banks in France from 2016 to 2024, by market capitalization
(in billion euros)
2016 as of April 25th. 2017 as of April 25th. 2018 as of May 31st. 2019 as of July 1st. 2020 as of January 21st; data on Société Générale as of September 30th. 2021 as of December 31st. 2023 as of January 20th. 2024 as of January 8th.
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BanksDaily.com. (November 7, 2024). Leading banks in France from 2016 to 2024, by market capitalization (in billion euros) [Graph]. In Statista. Retrieved December 05, 2024, from https://www.statista.com/statistics/937820/leading-banks-in-france-by-market-capitalization/
BanksDaily.com. "Leading banks in France from 2016 to 2024, by market capitalization (in billion euros)." Chart. November 7, 2024. Statista. Accessed December 05, 2024. https://www.statista.com/statistics/937820/leading-banks-in-france-by-market-capitalization/
BanksDaily.com. (2024). Leading banks in France from 2016 to 2024, by market capitalization (in billion euros). Statista. Statista Inc.. Accessed: December 05, 2024. https://www.statista.com/statistics/937820/leading-banks-in-france-by-market-capitalization/
BanksDaily.com. "Leading Banks in France from 2016 to 2024, by Market Capitalization (in Billion Euros)." Statista, Statista Inc., 7 Nov 2024, https://www.statista.com/statistics/937820/leading-banks-in-france-by-market-capitalization/
BanksDaily.com, Leading banks in France from 2016 to 2024, by market capitalization (in billion euros) Statista, https://www.statista.com/statistics/937820/leading-banks-in-france-by-market-capitalization/ (last visited December 05, 2024)
Leading banks in France from 2016 to 2024, by market capitalization (in billion euros) [Graph], BanksDaily.com, November 7, 2024. [Online]. Available: https://www.statista.com/statistics/937820/leading-banks-in-france-by-market-capitalization/