MBA France

Money and Finance in France


 

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On 1984 the French banking system went through a fundamental structural reform, which removed most of the differences between commercial banks and merchant banks and grouped most financial institutions under a single supervisory system. The largest French commercial banks, such as Societe Generale, Credit Lyonnais, BNP Paribas, Credit Agricole, le groupe CIC, and Credit Commercial de France, rank among the largest banks in the world.

French banking
The Bank of France ("Banque de France") is a member of the European System of Central Banks (ECSB) and the Banque de France’s governor sits on the executive board of the European Central Bank.

France Currency
The Euro is the official currency in France. Currency can be exchanged at a bureaux de change, banks and some large hotels, though you will get a better exchange rate at ATMs.

Taxes in France
In France, taxes are the funding that sustains a modern democratic society, where education is free and health care is accessible to all.

Mortgages in France
A mortgage is a loan you take out to buy property. Most banks and building societies offer mortgages, as well as specialist mortgage lending companies.


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