France financial corp debt holdings: non-financial corps
France financial corp debt holdings: non-financial corps stood at 21,632.4 EUR million in Q2 2026, according to Banque de France – Webstat (webstat.banque-france.fr). It is one of the indicators in the Debt securities holders table (Value · Quarterly), with a complete series running from Q3 2017 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Debt securities holders table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt securities issued by financial corporations | 2,270,274.4 | 2,223,113.2 | 2,192,576 | 2,210,835 | 2,193,155.4 | 2,187,713.7 | 2,178,886.1 | 2,144,995.5 | 2,105,234.9 | 2,088,288.6 | |
| Held by residents | 1,040,916.7 | 1,036,212.2 | 1,029,656.2 | 1,029,624.8 | 1,027,357.2 | 1,021,822 | 1,009,547.1 | 1,001,102 | 968,322.8 | 958,136.3 | |
| Non-financial corporations | 21,632.4 | 21,673.7 | 21,260.5 | 22,727.4 | 21,184.3 | 21,726.9 | 19,977.3 | 21,625.1 | 22,032.1 | 19,982.2 |
Understanding france financial corp debt holdings: non-financial corps
Commercial enterprises hold financial sector debt as part of their liquidity management, and this series records the nominal value of financial corporation securities owned by non-financial businesses. It reflects corporate investment in bank bonds and commercial paper, distinguishing business treasury portfolios from retail and government holdings. Excluded are financial sector self-holdings and household investments, providing a clean measure of non-financial enterprise exposure to financial sector liabilities.
Corporate treasury holdings fluctuate with business cash flows, corporate tax schedules, and short-term interest rate expectations. Revisions typically arise from late reporting of corporate portfolio adjustments. Analysts should evaluate these figures alongside corporate liquidity ratios to determine whether debt ownership reflects surplus operational cash or strategic asset allocation. Comparing this series with financial corporation self-holdings helps isolate true non-financial sector participation from internal banking system operations.
Frequently asked questions
- What does non-financial enterprise ownership of financial debt represent?
- Corporate treasury investments in bank bonds, certificates of deposit, and financial commercial paper.
- What drives quarterly changes in corporate holdings of financial debt?
- Shifts in operational cash flows, corporate tax deadlines, and short-term interest rate expectations.
- How does this series differ from financial corporation self-holdings?
- This series tracks debt held by non-financial businesses, whereas self-holdings capture banks and funds holding their own sector's debt.