France long-term state debt: resident financial corps
France long-term state debt: resident financial corps stood at 998,847.52 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 Q1 2008 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial corporations3 | 998,847.52 | 1,034,016.81 | 1,069,536.03 | 1,090,339.4 | 1,083,923.67 | 1,075,706.96 | 1,085,580.07 | 1,090,809.11 | 1,023,951.41 | 1,038,603.99 | |
| Monetary financial institutions | 703,810.78 | 731,525.44 | 758,222.9 | 773,739.14 | 772,503.29 | 773,216.53 | 792,895.86 | 801,315.16 | 759,288.79 | 771,664.02 | |
| Other financial institutions excluding insurance and pension funds | 30,476.98 | 31,737.13 | 31,111.23 | 29,728.82 | 30,955.78 | 29,792.36 | 29,539.46 | 31,162.37 | 26,446.12 | 28,323.78 |
Understanding france long-term state debt: resident financial corps
This dataset measures the aggregate holdings of long-term central government debt securities across all resident financial corporations, encompassing monetary institutions, investment funds, insurance enterprises, and specialized financial intermediaries. It aggregates the entire domestic financial sector's exposure to sovereign long-term paper, excluding non-financial businesses, households, and all non-resident entities. This broad financial sector grouping serves as the primary domestic sink for government bond issuance, reflecting institutional balance sheet allocations.
Analyzing financial corporation holdings requires understanding how regulatory capital requirements and macroprudential policies dictate portfolio adjustments over time. Quarter-on-quarter comparisons are vital for capturing portfolio shifts induced by monetary policy operations, while structural breaks can occur due to institutional reclassifications between banking and non-bank financial categories. Analysts must be cautious when evaluating this aggregate against overall debt totals, as internal consolidation adjustments between different financial sub-sectors can affect net sector contributions. A key pitfall is treating financial corporations as a monolithic block, overlooking the divergent motivations driving commercial banks versus contractual savings institutions.
Frequently asked questions
- Which institutional groups make up resident financial corporations?
- Monetary financial institutions, investment funds, insurance corporations, pension funds, and other specialized financial intermediaries.
- Why are financial corporation holdings sensitive to regulatory changes?
- Capital adequacy rules and liquidity coverage ratios mandate specific sovereign debt holding levels for many financial institutions.
- Does this series cover short-term government bills held by financial firms?
- No, the measure is restricted strictly to long-term state securities with an original maturity exceeding one year.