Medium and long-term loans granted in 2022 by Bpifrance increased by 11% over one year and those of short term by 14.7%, the investments of the public bank increasing by 11%, according to the activity report presented Thursday .
In total, Bpifrance allocated 17.32 billion euros to business financing last year, including 8.84 billion in medium- and long-term loans and 8.20 billion in short-term loans, which in total benefited from almost 13,000 businesses.
In credit, we have roughly 3% market share, declared during a press presentation the general manager of the public bank, Nicolas Dufourcq.
He specified that this share was much higher in certain segments, such as export credit for SMEs where it reached 80%.
On the investment side, the public bank acquired capital from 422 companies last year for 4.85 billion euros, compared to 395 companies invested for 4.37 billion in 2021. Capital disposals also increased, but only by 6% 2 .34 billion euros.
The share held by Bpifrance in French funds of funds fluctuates between 15% and 20%, Nicolas Dufourcq further indicated.
In terms of investment in start-ups, the share of the public bank is 56% in volume and 10% of the total number of projects supported. It is also 10% for development capital in SMEs and ETIs, according to Mr. Dufourcq.
In total, Bpifrance’s balance sheet is around 100 billion euros, but with off-balance sheet commitments, the 3,600 employees of Bpifrance manage lines totaling 300 billion euros, the bank’s general manager further confirmed. .
Internationally in 2022, credit insurance grew by 59%, from 20.8 to 33 billion euros, but according to Nicolas Dufourcq, this activity supported by military exports will fall back to around 20 billion in 2023, because we are not going to sell Rafales every year.
More broadly, Bpifrance will be led to make proposals for budgetary support for export aid, while the French and European trade balances are very deteriorated.
In 2022 for the first time, Europe was in a trade deficit of almost 400 billion euros, which had never happened to it, noted Nicolas Dufourcq who wants to put the fabric of French SMEs and ETIs back on the path to ‘international.