Banque de France profits remain elevated on back of euro note increase

banquedefrance

Banque de France on Monday revealed a net profit of almost €2.56 billion ($3.63 billion).

Profit before corporate tax and payments made to its fund for general banking risks and regulated provisions was certified at €4.5 billion, near to the record highs achieved for 2009. Net profit was slightly higher than the figure reported for 2009, which was €2.47 billion.

Banque de France noted two main contributing factors to the high level of profit. First, the growth of banknotes in circulation in the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: