Download the 2023 financial statements
| BALANCE SHEET in EUR millions |
31 December 2023 | 31 December 2022 |
31 December 2021 |
|---|---|---|---|
| ASSETS | |||
| Cash in hand, balances with central banks, and post office banks (note 1) | 2,450.77 | 3,971.50 | 7,038.12 |
| Treasury bills and other bills eligible for refinancing with central banks (note 1) | |||
| Loans and advances to credit institutions (note 1) | |||
| . repayable at sight | 0.02 | 0.06 | 0.09 |
| . repayable at term | |||
| Intangible assets (note 2) | |||
| Tangible assets (note 2) | |||
| Other assets (note 3) | 2,058.72 | 1,353.06 | 641.71 |
| Prepayments and accrued income (note 4) | 3,795.32 | 5,297.99 | 4,051.94 |
|
TOTAL ASSETS
|
8,304.83 |
10,622.61 |
11,731.86 |
| LIABILITIES & RESERVES | |||
| Amounts owed to credit institutions (note 5) | |||
| . Payable at sight | |||
| . Payable at term | 848.23 | 848.23 | 1,003.37 |
| Debts evidenced by securities (note 6) | |||
| . Negotiable debt instruments | 8,450.44 | 1,906.03 | 9,301.80 |
| . Bonds and similar instruments | 142,452.70 | 141,655.83 | 114,053.90 |
| . Other debts evidenced by securities | |||
| Other liabilities (note 7 and 7a) | 503.01 | 1,411.51 | 1,508.65 |
| Accruals and deferred income (note 8) | 1,126.06 | 954.43 | 978.05 |
| Sub-total - LIABILITIES | 153,380.44 |
146,776.03 |
126,845.77 |
| Provisions (note 8a) | 80.54 | 76.49 | 76.85 |
|
Property endowment
|
181.23 | 181.22 | 181.22 |
| Retained earnings | (163,642.66) | (155,371.97) | (133,185.36) |
| Profit for the period | 18,305.28 | 18,960.84 | 17,813.38 |
| Sub-total-Reserves | (145,156.15) |
(136,229.91) |
(115,190.76) |
| TOTAL LIABILITIES AND RESERVES | 8,304.83 |
10,622.61 |
11,731.86 |
Profit and loss account
| Period ended (in millions of euros) |
31 December 2023
|
31 December 2022
|
31 December 2021
|
|---|---|---|---|
| Interest receivable and similar income (note 9) | 237.36 | 787.78 | 725.82 |
| . From transactions with credit institutions | 114.02 | 87.96 | 85.79 |
| . From bonds and other fixed income securities | |||
| . Other interest receivable and similar income | 123.34 | 699.82 | 640.03 |
| Interest payable and similar charges (note 10) | (2,967.21) |
(1,993.67) |
(1,848.76) |
| .On transactions with credit institutions | (68.34) | (45.04) | (44.14) |
| .On bonds and other fixed income securities | (2,741.98) | (1,948.63) | (1,804.62) |
| .Other interest payable and similar charges | (156.89) | ||
| Fees receivable | |||
| Fees payable (note 10) | (22.13) | (45.90) | (42.50) |
| Gains and losses on trading securities (Note11) | 0.01 | 0.04 | 0.01 |
| -Net profit (loss)on foreign exchange transactions | 0.01 | 0.04 | 0.01 |
| Gains and losses on investement securities (Note11a) | |||
| -Net profit (loss)on investment secrurities | |||
| Exchange rate gains and losses on management operations (Note 11b) | |||
| Other operating income -banking | 0.02 | 0.05 | |
| Other operating charges -banking | (0.04) | (0.02) | (0.02) |
| NET BANKING INCOME | (2,751.99) |
(1,251.72) |
(1,165.45) |
| General operating charges (note 13) | (1.99) | (2.39) | (2.30) |
| . Staff costs | (0.68) | (0.83) | (0.87) |
| . Other administrative charges | (1.32) | (1.56) | (1.43) |
| Depreciation, amortisation and impairment provisions on intangible and tangible assets |
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| Other operating income | 21,221.16 |
20,363.02 | 19,139.14 |
| . Income relating to CRDS and CSG (note 12 and 12.1a) | 19,100.55 | 18,218.61 | 16,969.97 |
| . Income relating to social levies on income from property and investments (Note12.2a) | (0.08) | (0.11) | (0.19) |
| 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) |
20.19 | 44.01 | 65.96 |
| . Other provisions reversed for risks ( Note14a) | 0.50 | 0.51 | 3.40 |
| Other operating charges | (161.90) | (148.07) | (158.01) |
| . Charges relating to CRDS and CSG (note 12a and 12.1a) | (153.35) | (140.70) | (150.52) |
| . 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) | |||
| . Provision for receivables (note 12a,12.1a) | (8.55) | (7.37) | (7.49) |
| . Charges related to property (note 13a) | |||
| Charges in estimates and correction of errors (Note 15a) | |||
| GROSS OPERATING PROFIT | (18,305.28) | (18,960.84) | (17,813.38) |
| Cost of risk | |||
| OPERATING PROFIT | (18,305.28) | (18,960.84) | (17,813.38) |
| Gains or losses on fixed assets | |||
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION | (18,305.28) | (18,960.84) | (17,813.38) |
| Exceptional income ( Note 15) | |||
| NET PROFIT FOR THE PERIOD | (18,305.28) | (18,960.84) | (17,813.38) |
Off balance sheet commitments
| At (€ millions) (Notes 16 to 18) | 31 December 2023 |
31 December 2022 |
31 December 2021 |
|---|---|---|---|
| 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 Social Security funding Law No 2020-992 of 7 August 2020 | 8,768.47 | 36,000.00 | 76,000.00 |
| 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: cash and credit lines | 1,200.00 | 1,000.00 | 1,200.00 |
| -Financing 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) |
15,150.00 |
17,250.00 | 19,350.00 |