Download the 2026 half-year financial statements
| BALANCE SHEET in EUR millions |
At 30 June 2026 | At 30 June 2025 | At 31 December 2025 |
|---|---|---|---|
| ASSETS | |||
| Cash in hand, balances with central banks, and post office banks (note 1) | 12,382.95 | 8,874.32 | 5,403.92 |
| Treasury bills and other bills eligible for refinancing with central banks (note 1) | |||
| Loans and advances to credit institutions (note 1) | |||
| . repayable at sight | 0.07 | 0.05 | 0.04 |
| . repayable at term | |||
| Intangible assets (note 2) | |||
| Tangible assets (note 2) | |||
| Other assets (note 3) | 1,437.15 | 3,787.68 | 2,800.56 |
| Prepayments and accrued income (note 4) | 2,359.91 | 2,347.38 | 2,376.62 |
|
TOTAL ASSETS
|
16,180.08 | 15,009.43 | 10,581.14 |
| LIABILITIES & RESERVES | |||
| Amounts owed to credit institutions (note 5) | |||
| . Payable at sight | |||
| . Payable at term | - | 865.34 | |
| Debts evidenced by securities (note 6) | |||
| . Negotiable debt instruments | 3,751.98 | 1,909.36 | 7,595.75 |
| . Bonds and similar instruments | 127,610.43 | 138,594.89 | 122,019.64 |
| . Other debts evidenced by securities | |||
| Other liabilities (note 7 and 7a) | 12,140.20 | 0.01 | 2.89 |
| Accruals and deferred income (note 8) | 1,609.55 | 3,930.12 | 2,617.35 |
| Sub-total - LIABILITIES | 145,112.16 | 145,299.72 | 132,235.63 |
| Provisions (note 8a) | 68.39 | 69.46 | 68.39 |
|
Property endowment
|
181.23 | 181.23 | 181.23 |
| Retained earnings | (136,904.11) | (138,117.21) | (138,117.21) |
| Profit for the period | 7,722.40 | 7,576.23 | 16,213.10 |
| Sub-total-Reserves | (129,000.48) | (130,359.75) | (121,722.88) |
| TOTAL LIABILITIES AND RESERVES | 16,180.08 | 15,009.43 | 10,581.14 |
Profit and loss account
| Period ended (in millions of euros) |
At 30 June 2026 | At 30 June 2025 | At 31 December 2025 |
|---|---|---|---|
| Interest receivable and similar income (note 9) | 231.84 | 150.55 | 361.89 |
| . From transactions with credit institutions | 74.15 | 44.69 | 123.92 |
| . From bonds and other fixed income securities | |||
| . Other interest receivable and similar income | 157.69 | 105.86 | 237.97 |
| Interest payable and similar charges (note 10) | (1,399.66) |
(1,516.23) |
(3,007.98) |
| .On transactions with credit institutions | (0.32) | (27.28) | (43.51) |
| .On bonds and other fixed income securities | (1,399.34) | (1,488.95) | (2,964.47) |
| .Other interest payable and similar charges | |||
| Fees payable (note 10) | (15.86) | (6.84) | (6.87) |
| 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) | (0.01) |
| NET BANKING INCOME | (1,183.69) |
(1,372.54) |
(2,652.98) |
| General operating charges (note 13) | (1.26) | (1.25) | (2.52) |
| . Staff costs | (0.53) | (0.55) | (0.96) |
| . Other administrative charges | (0.73) | (0.70) | (1.56) |
| Depreciation, amortisation and impairment provisions on intangible and tangible assets |
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| Other operating income | (9,040.14) | (9,025.63) | 19,165.59 |
| . Income relating to CRDS and CSG (note 12 and 12.1a) | 8,315.16 | 8,300.61 | 17,609.91 |
| . Income relating to social levies on income from property and investments (Note 12.2a) | (0.01) | 0.02 | 0.02 |
| Income from the Retirement Reserve Fund (note12.3) (Fonds de Réserve pour les Retraites – FRR) |
725.00 | 725.00 | 1450.00 |
| . Income from property (note 13.a) | 105.67 | ||
| . Provisions reversed for receivables (Notes 12a and 12.1a) |
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| . Other provisions reversed for risks ( Note14a) | |||
| Other operating charges | (132.80) | (75.61) | (297.02) |
| . Charges relating to CRDS and CSG (note 12a and 12.1a) | (132.80) | (75.61) | (295.38) |
| . 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) | (1.64) | ||
| . Charges related to property (note 13a) | |||
| Charges in estimates and correction of errors (Note 15a) | |||
| GROSS OPERATING PROFIT | 7,722.40 | 7,576.23 | 16,213.07 |
| Cost of risk | |||
| OPERATING PROFIT | 7,722.40 | 7,576.23 | 16,213.07 |
| Gains or losses on fixed assets | |||
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION | 7,722.40 | 7,576.23 | 16,213.07 |
| Exceptional income ( Note 15) | |||
| NET PROFIT FOR THE PERIOD | 7,722.40 | 7,576.23 | 16,213.07 |
Off balance sheet commitments
| At (€ millions) (Notes 16 to 18) | 30/06/2026 | 30/06/2025 | 31/12/2025 |
|---|---|---|---|
| COMMITMENTS GIVEN (note 18) | |||
| Financing commitments | |||
| Payments to various social security bodies( Articles 4.IV of order 96-50 of 24 January 1996) | |||
| -Debt assumption provided for in Social Security Financing Act No. 2025-1403 of 30 December 2025 | 15,000.00 | ||
| 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 | 1,300.00 | 1,300.00 | 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: Exit Tax credits | 337.90 | 337.90 | |
| -Financing commitments received: payments from the Retirement Reserve Fund (Fonds de Réserve pour les Retraites) | 10,150.00 | 11,600.00 | 11,600.00 |