The Bank of France published its 2025 results for the Credit Mediation scheme, reporting 1,034 eligible cases and a 64% success rate, with 554 firms supported and 5,113 jobs preserved. It also records a continued decline in requests since 2022, bringing referrals back to a level comparable to the pre-pandemic period, while flagging a persistent challenge of firms approaching the scheme too late. Eligible cases in 2025 represented EUR 227 million of requested credit and came predominantly from very small enterprises (83% with fewer than 11 employees), mainly in services (52%) and commerce (23%). Most referrals were linked to difficulties on previously granted financing, including the withdrawal of existing bank funding and bank debt restructurings with or without state-guaranteed loans. The eligibility rate for incoming requests remained stable at 43% but below 2019’s 64%, with ineligibility increasingly driven by late filings where firms’ financial positions were already too deteriorated (22% of identified ineligibility reasons, up from 13% in 2022), requests outside the mediation scope and redirected to other channels (43%), or abandonment due to a no longer evidenced need and or missing documentation (35%). Requests concerning amicable restructurings of French state-guaranteed loans (Prêts Garantis par l’État, PGE) under the 2022 market agreement extended to end-2026 fell to 215 in 2025, down 45% year on year, with 1,698 cases handled since the procedure began. The Bank of France reports a 58% success rate for these PGE-related cases, enabling rescheduling of PGE repayments for up to four years, alongside rebalancing of other medium-term bank credits and greater visibility on short-term facilities; it also notes that 80.5% of PGE outstanding amounts had been repaid by end-September 2025.

Original source View in tracker