Download the first semester of 2025 financial statement
| BALANCE SHEET in EUR millions |
31 June 2025 |
At 30 June 2024 | At 31 December 2024 |
|---|---|---|---|
| ASSETS | |||
| Cash in hand, balances with central banks, and post office banks (note 1) | 8,874.32 | 8,344.90 | 6,092.33 |
| Treasury bills and other bills eligible for refinancing with central banks (note 1) | |||
| Loans and advances to credit institutions (note 1) | |||
| . repayable at sight | 0.05 | 0.06 | 0.06 |
| . repayable at term | |||
| Intangible assets (note 2) | |||
| Tangible assets (note 2) | |||
| Other assets (note 3) | 3,787.68 | 973.28 | 477.55 |
| Prepayments and accrued income (note 4) | 2,347.38 | 4,434.43 | 6,434.26 |
|
TOTAL ASSETS
|
15,009.43 | 13,752.67 | 13,004.20 |
| LIABILITIES & RESERVES | |||
| Amounts owed to credit institutions (note 5) | |||
| . Payable at sight | |||
| . Payable at term | 865.34 | 865.39 | 848.23 |
| Debts evidenced by securities (note 6) | |||
| . Negotiable debt instruments | 1,909.36 | 5,900.15 | 6,739.21 |
| . Bonds and similar instruments | 138,594.89 | 148,999.30 | 140,456.92 |
| . Other debts evidenced by securities | |||
| Other liabilities (note 7 and 7a) | 0.01 | 2,286.60 | 1,607.02 |
| Accruals and deferred income (note 8) | 3,930.12 | 2,155.17 | 1,219.36 |
| Sub-total - LIABILITIES | 145,299.72 | 160,206.61 | 150,870.74 |
| Provisions (note 8a) | 69.46 | 80.54 | 69.45 |
|
Property endowment
|
181.23 | 181.23 | 181.23 |
| Retained earnings | (138,117.21 ) | (154,105.85) | (154,105.85) |
| Profit for the period | 7,576.23 | 7,390.14 | 15,988.63 |
| Sub-total-Reserves | (130,359.75) |
(146,534.48) |
(137,935.99) |
| TOTAL LIABILITIES AND RESERVES | 15,009.43 | 13,752.67 | 13,004.20 |
Profit and loss account
| Period ended (in millions of euros) |
At June 2025 |
At June 2024 | At 31 December 2024 |
|---|---|---|---|
| Interest receivable and similar income (note 9) | 150.55 | 108.15 | 223.24 |
| . From transactions with credit institutions | 44.69 | 62.03 | 137.31 |
| . From bonds and other fixed income securities | |||
| . Other interest receivable and similar income | 105.86 | 46.12 | 85.93 |
| Interest payable and similar charges (note 10) | (1,516.23) |
(1,732.81) |
(3,406.05) |
| .On transactions with credit institutions | (27.28) | (31.49) | (57.39) |
| .On bonds and other fixed income securities | (1,488.95) | (1,490.37) | (3,222.01) |
| .Other interest payable and similar charges | (210.95) | (126.65) | |
| Fees payable (note 10) | (6.84) | (13.48) | (15.55) |
| Gains and losses on trading securities (Note11) | 0.00 | 0.00 | 0.00 |
| -Net profit (loss)on foreign exchange transactions | 0.00 | 0.00 | 0.00 |
| 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 | |||
| Other operating charges -banking | 0.01 | 0.01 | 0.02 |
| NET BANKING INCOME | (1,372.54) |
(1,638.15) |
(3,198.38) |
| General operating charges (note 13) | (1.25) | (1.14) | (2.30) |
| . Staff costs | (0.55) | (0.47) | (0.86) |
| . Other administrative charges | (0.70) | (0.67) | (1.44) |
| Depreciation, amortisation and impairment provisions on intangible and tangible assets |
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| Other operating income | 9,025.63 | 9,100.55 | 19,349.11 |
| . Income relating to CRDS and CSG (note 12 and 12.1a) | 8,300.61 | 8,050.55 | 17,190.72 |
| . Income relating to social levies on income from property and investments (Note 12.2a) | (0.02) | (0.02) | |
| Income from the Retirement Reserve Fund (note12.3) (Fonds de Réserve pour les Retraites – FRR) |
725.00 | 1,050.00 | 2,100.00 |
| . Income from property (note 13.a) | |||
| . Provisions reversed for receivables (Notes 12a and 12.1a) |
58.41 | ||
| . Other provisions reversed for risks ( Note14a) | |||
| Other operating charges | 75.61 | 71.12 | 159.80 |
| . Charges relating to CRDS and CSG (note 12a and 12.1a) | 75.61 | 71.12 | 159.04 |
| . 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) | 0.01 | 0.76 | |
| . Charges related to property (note 13a) | |||
| Charges in estimates and correction of errors (Note 15a) | |||
| GROSS OPERATING PROFIT | 7,576.23 | 7,390.14 | 15,988.63 |
| Cost of risk | |||
| OPERATING PROFIT | 7,576.23 | 7,390.14 | 15,988.63 |
| Gains or losses on fixed assets | |||
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION | 7,576.23 | 7,390.14 | 15,988.63 |
| Exceptional income ( Note 15) | |||
| NET PROFIT FOR THE PERIOD | 7,576.23 | 7,390.14 | 15,988.63 |
Off balance sheet commitments
| At (€ millions) (Notes 16 to 18) | 30 June 2025 |
30 June 2024 | 31 December 2024 |
|---|---|---|---|
| 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 | |||
| 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 | 1,300.00 | 1,200.00 | 1,300.00 |
| -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) | |||
| -Financing commitments received: payments from the Retirement Reserve Fund (Fonds de Réserve pour les Retraites) | 11,600.00 | 13,050.00 | 13,050.00 |