The public investment bank Bpifrance published on Wednesday a net result for 2023 down 26% over one year, to 1.1 billion euros, weighed down by the rise in rates and the fall in the values of the technology companies in which it invests. .
Net banking income, equivalent to turnover, amounts to 2 billion euros (-6% compared to 2022). The public bank created in 2013 revealed its activity figures on February 29, described as records.
The bank has invested 63 billion euros in 2023 in financing the economy, an increase of 19% over one year, she explained at the time. The amount of credits granted to support businesses reached a historic level, 18.7 billion euros (+7.7%).
A disrupted macroeconomic environment
Bepifrance has once again fully played its role as a bank serving entrepreneurs, while maintaining great discipline in terms of results, commented deputy general director Arnaud Caudoux, quoted in a press release published on Wednesday.
The leader, however, spoke of a disrupted macroeconomic environment, with the press release highlighting the rise in rates as well as the correction in tech values.
Bpifrance was also raided last July as part of a preliminary investigation into illegal taking of interests carried out by the National Financial Prosecutor’s Office (PNF) around a fund called Bpifrance Entreprises 1, launched in 2020 and in which the directors of the company have invested massively, according to a report from the Court of Auditors cited by the weekly Marianne.
Director General Nicolas Dufourcq rejected the accusations in a publication in July on Linkedin, affirming that there (had) been no illegal taking of interests, no privileged information and even less a sell-out.
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