Corporate Financing Observatory 2025 (Banque de France)

Summary

• In 2024, corporate bank credit growth remained stable at + 2,0 %, supported by investment loans growing by + 3,5 %.p.15
• French venture and growth capital fundraising rebounded in 2024 to reach €6,8 billion, a 34 % increase compared to 2023.p.23
• Corporate insolvencies stabilized at 67 340 on a 12-month cumulative basis at the end of June 2025.p.37

Key insights

1. Departmental credit mediators helped preserve 3 245 jobs across 320 companies in the first half of 2025.p.22
2. Voluntary deregistrations comprised the majority share of total corporate deregistrations in 2024 at 53,6 %.p.36
3. Approximately 500 000 corporate leaders in France were aged 60 or older in 2022, highlighting long-term business transfer challenges.p.42
4. Average inter-company payment delays in France lengthened to 13,6 days by the end of 2024.p.49
5. Demand weakness was identified by 60 % of surveyed TPEs and PMEs in July 2025 as the leading barrier to investment.p.46