Bank of France’s net profit declines in 2014

Market news

25 March 2015

Bank of France’s net profit declines in 2014

The Bank of France reported on Tuesday that its net profit plunged to €2.07 billion in 2014 from €2.44 billion in 2013. The decline was driven by a cut in interest rates and as banks borrowed less from the central bank.

"This change results mainly from monetary policy decisions taken during the year," the Bank of France noted.

Stimulus measures by the European Central Bank didn't have a significant impact on the results.

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