France net debt securities 12-month: monetary financial, long-term
France net debt securities 12-month: monetary financial, long-term stood at 54,106 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net issues of debt securities, 12-month cumulative | |||||||||||
| Monetary financial institutions, long-term | 54,106 | 48,384 | 45,682 | 39,315 | 53,320 | 48,443 | 35,220 | 36,067 | 39,450 | 34,141 | |
| Non-monetary financial institutions, all maturities | 14,188.05 | 16,654.58 | 27,233.64 | 37,879.02 | 31,245.14 | 36,178.77 | 28,945.37 | 28,258.9 | 21,672.52 | 21,789.69 |
Understanding france net debt securities 12-month: monetary financial, long-term
Monetary financial institutions generating long-term debt instruments are captured through this twelve-month rolling accumulation of net issuance flows. The calculation sums the monthly difference between new debt placements and maturing liabilities over a complete annual window, restricted strictly to instruments with an original maturity exceeding one year. Excluded from this specific scope are short-term money market instruments issued by banks, as well as any debt securities originated by the general government or non-financial corporations. This metric differs from monthly unadjusted figures by dampening temporary volatility, offering a clearer view of structural funding trends across resident credit institutions.
Evaluating this cumulative series requires recognizing that the rolling twelve-month window incorporates past months while dropping older periods, meaning sudden single-month shifts take a full year to completely leave the calculation. Revisions to early monthly estimates propagate through the entire annual sum until final figures are locked. Analysts must avoid treating this flow as a measure of total bank liabilities outstanding, because redemptions continuously subtract from the cumulative net balance. Comparing this metric directly with short-term bank issuance requires caution, as long-term funding strategies respond to different regulatory liquidity requirements and investor demand horizons.
Frequently asked questions
- What defines a long-term debt instrument in this banking sector series?
- Any security issued by a monetary financial institution with an original maturity exceeding one year.
- Why use a twelve-month rolling sum instead of monthly figures?
- The annual accumulation smooths out short-term issuance spikes and highlights sustained structural funding trends.
- Does this series include short-term certificates of deposit issued by banks?
- No, short-term money market instruments are excluded from this long-term aggregate.