France debt securities outstanding: MFIs, long-term
France debt securities outstanding: MFIs, long-term stood at 1,459,034 EUR million in Aug 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Debt securities issuance table (Value · Monthly), with a complete series running from Jan 1999 to Aug 2026. The complete series with an interactive chart, free to download.
This indicator in the Debt securities issuance table
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Outstanding amount of debt securities (notional value) | |||||||||||
| Monetary financial institutions, long-term | 1,459,034 | 1,450,603 | 1,444,541 | 1,437,001 | 1,434,487 | 1,433,279 | 1,425,666 | 1,423,299 | 1,407,253 | 1,406,858 | |
| Non-monetary financial institutions, all maturities | 303,618 | 305,843 | 319,190 | 308,986 | 299,654 | 311,177 | 297,241 | 296,428 | 302,235 | 292,875 |
Understanding france debt securities outstanding: MFIs, long-term
This data series measures the outstanding notional amount of long-term debt securities issued by resident monetary financial institutions with an original maturity exceeding one year. It captures multi-year bank liabilities such as ordinary senior bonds, subordinated debt, and covered bonds used for structural balance sheet funding and regulatory capital compliance. Excluded are short-term bank certificates and long-term obligations issued by non-bank entities. Unlike short-term bank debt, this metric reflects structural, long-term wholesale funding commitments of the banking sector.
Long-term bank issuance is closely tied to institutional long-term asset creation and regulatory requirements governing bank capital adequacy. Because these instruments have extended lifespans, month-to-month changes are typically moderate unless major institutional restructuring occurs. Year-on-year comparisons offer the most reliable perspective on structural shifts in bank wholesale funding strategies. Analysts must distinguish between senior unsecured bank bonds and covered bonds included in this total, as their risk profiles and pricing dynamics differ substantially.
Frequently asked questions
- Are subordinated bonds issued by banks counted in this long-term series?
- Yes, subordinated debt and other regulatory capital instruments with original maturities exceeding one year are included.
- How does this series differ from short-term bank debt metrics?
- This category covers instruments with original maturities greater than one year, focusing on structural funding rather than daily liquidity.
- Why are revisions rare for this specific category of debt securities?
- Long-term bank bonds are formally registered at issuance, leaving little room for reporting ambiguity or retrospective adjustments.