The Bank of France released its 2025 accounts, reporting net profit of EUR 8.1bn and stating that, after a mandatory EUR 0.4bn allocation to a specific reserve, the result will be used to fully eliminate the EUR 7.7bn negative retained earnings created by the 2024 profit allocation. Net worth (equity plus unrealised gains) stood at EUR 283.4bn (EUR 202.7bn in 2024). Monetary policy operations still generated a net charge, but the average deposit facility rate fell to 2.3% (3.7% in 2024) and Eurosystem excess liquidity continued to shrink, improving monetary income by EUR 10.2bn. Non-monetary income strengthened as income from own-account assets rose by EUR 12.2bn, driven by an exceptional EUR 11bn foreign-exchange gain linked to the technical standardisation of 5% of the gold stock without changing the volume; net operating expenses declined to EUR 831m (EUR 888m in 2024). The result also reflects the use of EUR 5bn in reserves and EUR 1.5bn of corporate income tax, while the RRRODE revaluation reserve for the State’s foreign-exchange and gold holdings remained at EUR 11.4bn. The Bank expects excess liquidity to continue to decline in 2026, with remuneration of bank deposits remaining dependent on monetary policy decisions. It also marked the end of its "Construire Ensemble 2025" strategic plan, noting a 28% reduction in headcount since 2015 and a 92% user satisfaction score in 2025.
Bank of France 2026-03-24
Bank of France reports EUR 8.1bn net profit and fully clears 2024 accumulated losses
The Bank of France reported 2025 net profit of EUR 8.1bn, which after a mandatory EUR 0.4bn reserve allocation will fully eliminate EUR 7.7bn of negative retained earnings, lifting net worth to EUR 283.4bn. Results were supported by improved monetary income as excess liquidity and the average deposit facility rate declined, stronger non-monetary income including an exceptional EUR 11bn foreign-exchange gain on gold standardisation, lower operating expenses, and the use of EUR 5bn in reserves. The Bank expects excess liquidity to keep falling in 2026 and reported completion of its "Construire Ensemble 2025" plan, with a 28% headcount reduction since 2015 and a 92% user satisfaction score.