Download the 2022 financial statements
Balance sheet
| BALANCE SHEET in millions of euros |
31 December 2022 |
31 December 2021 |
31 December 2020 |
|---|---|---|---|
| ASSETS | |||
| Cash in hand, balances with central banks, and post office banks (note 1) | 3,971.50 | 7,038.12 | 9,910.82 |
| Treasury bills and other bills eligible for refinancing with central banks (note 1) | |||
| Loans and advances to credit institutions (note 1) | |||
| . repayable at sight | 0.06 | 0.09 | 0.09 |
| . repayable at term | |||
| Intangible assets (note 2) | |||
| Tangible assets (note 2) | |||
| Other assets (note 3) | 1,353.06 | 641.71 | 1,866.50 |
| Prepayments and accrued income (note 4) | 5,297.99 | 4,051.94 | 2,067.64 |
| TOTAL ASSETS | 10,622.61 |
11,731.86 | 13,845.05 |
| LIABILITIES & RESERVES | |||
| Amounts owed to credit institutions (note 5) | |||
| . Payable at sight | |||
| . Payable at term | 848.23 | 1,003.37 | 1,003.37 |
| Debts evidenced by securities (note 6) | |||
| . Negotiable debt instruments | 1,906.03 | 9,301.80 | 10,489.27 |
| . Bonds and similar instruments | 141,655.83 | 114,053.90 | 92,545.62 |
| . Other debts evidenced by securities | |||
| Other liabilities (note 7 and 7a) | 1,411.51 | 1,508.65 | 354.75 |
| Accruals and deferred income (note 8) | 954.43 | 978.05 | 2,381.14 |
|
Sub-total - LIABILITIES
|
146,776.03 |
126,845.77 | 106,774.15 |
| Provisions (note 8a) | 76.49 | 76.85 | 75.02 |
|
Property endowment
|
181.22 | 181.22 | 181.22 |
| Retained earnings | (155,371.97) | (133,185.36) | (109,274.01) |
| Profit for the period | 18,960.84 |
17,813.38 |
16,088.65 |
| Sub-total-Reserves | (136,229.91) |
(115,190.76) |
(93,004.14) |
| TOTAL LIABILITIES AND RESERVES | 10,622.61 |
11,731.86 | 13,845.05 |
Profit and loss account
| Period ended (in millions of euros) |
31 December 2022 |
31 December 2021 |
31 December 2020 |
|---|---|---|---|
| Interest receivable and similar income (note 9) | 787.78 | 725.82 | 555.40 |
| . From transactions with credit institutions | 87.96 | 85.79 | 78.86 |
| . From bonds and other fixed income securities | |||
| . Other interest receivable and similar income | 699.82 | 640.03 | 476.54 |
| Interest payable and similar charges (note 10) | (1,993.67) |
(1,848.76) | (2,067.08) |
| .On transactions with credit institutions | (45.04) | (44.14) | (43.77) |
| .On bonds and other fixed income securities | (1,948.63) | (1,804.62) | (2,023.31) |
| Fees payable (note 10) | (45.90) | (42.50) | (27.01) |
| Gains and losses on trading securities (Note11) | 0.04 | 0.01 | |
| -Net profit (loss)on foreign exchange transactions | 0.04 | 0.01 | |
| Gains and losses on management operations (Note11a) | |||
| -Net profit (loss)on investment secrurities | |||
| Exchange rate gains and losses on management operations (Note 11b) | |||
| Other operating income -banking | 0.05 | 0.01 | |
| Other operating charges -banking | (0.02) | (0.02) | (0.01) |
| NET BANKING INCOME | (1,251.72) |
(1,165.45) |
(1,538.69) |
| General operating charges (note 13) | (2.39) | (2.30) | (1.73) |
| . Staff costs | (0.83) | (0.87) | (0.95) |
| . Other administrative charges | (1.56) | (1.43) | (0.78) |
| Depreciation and impairment provisions on intangible and tangible assets |
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| Other operating income | 20,363.02 | 19,139.14 | 17,994.39 |
| . Income relating to CRDS and CSG (note 12 and 12.1a) | 18,218.61 | 16,969.97 | 15,882.52 |
| . Income relating to social levies on income on income from property and investments (Note12.2a) | (0.11) | (0.19) | (0.97) |
| Income from the Retirement Reserve Fund (note12.3) (Fonds de Réserve pour les Retraites – FRR) |
2,100.00 | 2,100.00 | 2,100.00 |
| . Income from property (note 13.a) | |||
| . Provisions reversed for receivables (Notes 12a and 12.1a and 12.2a) |
44.01 | 65.96 | 9.87 |
| . Other provisions reversed for receivables ( Note14a) | 0.51 | 3.40 | 2.97 |
| Other operating charges | (148.07) | (158.01) | (365.35) |
| . Charges relating to CRDS and CSG (note 12a and 12.1a) | (140.70) | (150.52) | (143.49) |
| . Charges relating to social levies on income from property ans investments ( Note 12.2a) |
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| . Payments to the State (note 14) | |||
| . Provision for sundry liabilities (note 14) | (7.37) | (7.49) | (221.86) |
| . Provision for receivables (note 12a,12.1a and 12.2a) | |||
| . Charges related to property (note 13a) | |||
| GROSS OPERATING PROFIT | 18,960.84 | 17,813.38 | 16,088.61 |
| OPERATING PROFIT | 18,960.84 | 17,813.38 | 16,088.61 |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION | 18,960.84 | 17,813.38 | 16,088.61 |
| - Exceptional income ( Note 15) | 0.04 | ||
| NET PROFIT FOR PERIOD | 18,960.84 | 17,813.38 | 16,088.65 |
Off balance sheet commitments
| At (€ millions) (Notes 16 to 18) | 31 December 2022 | 31 December 2021 | 31 December 2020 |
|---|---|---|---|
| COMMITMENTS GIVEN (note 18) | |||
| Financing commitments | |||
| Payments to various social security bodies( Articles 4.IV of order 96-50 of 24 January 1996) | |||
| -Assumption of debt provided for by Act No 2020-992 of 7 August 2020 on the social security debt and autonomy |
36,000.00 | 76,000.00 | 116,000.00 |
| Financing commitments given: acquired under repurchase agreements, currency purchases, treasury bills |
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| COMMITMENTS RECEIVED (note 18) |
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| Financing commitments | |||
| -From credit institutions:credit lines | 1,000.00 | 1,200.00 | 1,200.00 |
| -From credit institutions: credit lines in treasury bills | |||
| -Financing commitments received: borrowings | |||
| -Financing commitments received: commercial paper and lent under repurchase agreements |
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| -Financing commitments received: payments from the Retirement Reserve Fund (Fonds de Réserve pour les Retraites) | 17,250.00 | 19,350.00 | 21,450.00 |