France debt securities outstanding: non-monetary FIs
France debt securities outstanding: non-monetary FIs stood at 303,618 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) | |||||||||||
| 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 | |
| General government, all maturities | 3,146,856 | 3,128,839 | 3,110,147 | 3,081,476 | 3,079,788 | 3,060,338 | 3,039,579 | 3,047,529 | 2,962,437 | 3,008,879 |
Understanding france debt securities outstanding: non-monetary FIs
This metric compiles the aggregate notional value of debt securities issued by non-monetary financial institutions across all maturity bands. It captures financing obligations originating from investment funds, insurance corporations, pension funds, financial auxiliaries, and specialized captive financial entities. Excluded from this measure are traditional commercial banks, government administration bodies, and non-financial corporations. Compared to banking sector metrics, this series highlights capital market funding utilized by the shadow banking and institutional investment sector.
Movements in this series reflect broader asset management trends, institutional portfolio allocations, and the growth of specialized non-bank financial intermediation. Because non-monetary financial entities often engage in complex structured finance, monthly figures can exhibit irregular jumps or contractions. Year-on-year analysis is necessary to smooth out portfolio rebalancing episodes. A common analytical pitfall is assuming these securities represent direct borrowing for real economic investment, as many non-monetary financial vehicles issue debt primarily to fund financial asset portfolios.
Frequently asked questions
- What entities are classified within the non-monetary financial institution sector?
- Investment funds, insurance firms, pension funds, and specialized financial intermediaries are included.
- Does this series include securitization vehicles?
- Yes, specialized financial vehicles engaged in asset securitization are typically covered under this institutional heading.
- How does this category differ from monetary financial institutions?
- It excludes deposit-taking banks, focusing exclusively on non-bank financial intermediaries and institutional funds.