S&P Global – French Banking Outlook, 2025

The report by S&P Global "French Banking Outlook 2025" explores the profitability and challenges facing French banks amidst evolving economic conditions. French banks’ profitability is expected to improve due to the repricing of lending books, diversified business models, and reduced deposit costs. Economic activity will remain modest, affected by political factors and fiscal policies. Credit growth is projected to stabilize with minimal deterioration in asset quality. However, rising risks from market turbulence and public debt could challenge operations. The report notes changes in bank ratings, such as BPCE's upgrade and Société Générale's stable outlook, reflecting the banks' strategic responses to current economic conditions.