France non-financial corp debt holdings: financial corps
France non-financial corp debt holdings: financial corps stood at 304,511.5 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 Q4 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 non-financial corporations | 792,164.1 | 765,433.2 | 767,580.1 | 768,357.3 | 750,771.5 | 735,036.1 | 734,200.4 | 739,167.9 | 731,097.4 | 717,993.4 | |
| Held by residents | 310,471.4 | 307,873.1 | 311,817.8 | 317,272.5 | 315,614 | 314,375.6 | 315,708 | 325,823.5 | 326,065.1 | 325,805.9 | |
| Financial corporations | 304,511.5 | 302,141.9 | 306,351.7 | 311,926.1 | 310,270.8 | 308,961.9 | 310,462.4 | 318,293.8 | 318,633.9 | 317,758.4 |
Understanding france non-financial corp debt holdings: financial corps
Domestic lending institutions, investment funds, and insurance enterprises frequently invest surplus liquidity into corporate debt, and this metric measures the nominal holdings of enterprise-issued securities owned by resident financial entities. The calculation encompasses all marketable debt instruments held on the balance sheets of domestic banks, asset managers, and pension funds, isolating their role as creditors to the producing economy from households and foreign entities. Non-marketable loans, derivative contracts, and equities issued by corporations are excluded to maintain consistency with securities-based accounting.
When analyzing financial sector claims on corporate issuers, observers should account for regulatory reporting changes that occasionally reclassify institutional portfolios or alter sector boundaries. Comparing these figures against total corporate issuance reveals the degree of domestic financial intermediation, though analysts should remain aware that intra-quarter portfolio adjustments by large institutional holders can introduce noise into the series. Seasonality is less pronounced here than in primary issuance data, but year-end balance sheet trimming by banks can temporarily depress holdings.
Frequently asked questions
- Which types of domestic institutions are grouped into this category?
- Monetary financial institutions, investment funds, insurance corporations, and pension funds domiciled within the country are included.
- Are derivatives and equity holdings captured in this table row?
- No, only recognized debt securities such as bonds and notes are counted.
- How do regulatory reporting changes affect this series?
- Periodic updates to supervisory reporting frameworks can shift entities between sectors, causing level breaks that analysts must adjust for when reviewing long-term series.