The superprofits of banks and insurance are based on the question of reinforced regulation – Liberation

The year 2024 was an excellent vintage for banks and insurance companies in France, as pointed out this week, in its annual report, the Prudential Control and Resolution Authority (ACPR), the gendarme in the financial sector. Last year, the six main French banks accumulated more than 36 billion euros in profits, while the main insurance companies garnered 18.1 billion profits. In both cases, these results are higher than those recorded in 2023. The health crisis that had struck the sector seems to be a distant memory.

The year 2024 also saw a clear increase in the mass of real estate credits granted and the collection of the preferred placement of the French, life insurance. What contribute to the good health of banks and insurers. Société Générale, for example, saw its net profit jump by 69 % last year, to 4.2 billion euros, while that of BNP Paribas reached 11.6 billion.

The governor of the Banque de France, François Villeroy de Galhau, who is also the president of the ACPR, draws a resolutely optimistic assessment: « The bankruptcy has been strengthened in the past decade and banks and insurance is solid to face technological acceleration such as climate change ». Only shade on the board: « The US unpredictability that increases risks on the financial markets », obviously. THE