Bpifrance

French bank
  • Nicolas Dufourcq (general manager)
Revenue€1.444 billion (2018)€1.019 billion (2018)
Net income
Decrease €1.566 billion (2022[1])Total assetsIncrease €101.7 billion (2022[1])Total equityDecrease €27.503 billion (2022[1])Owner
Number of employees
2,289Subsidiariesbpifrance investissement
bpifrance participations
bpifrance régions
bpifrance financement
bpifrance assurance exportWebsitewww.bpifrance.fr

Bpifrance also known as the Banque publique d'investissement (lit.'[French] Public Investment Bank') is a French public sector investment bank. It is a joint venture of two state owned enterprises: the Caisse des dépôts et consignations and EPIC BPI-Groupe (formerly EPIC OSEO).

The former subsidiary of EPIC OSEO, OSEO S.A., became a subsidiary of Bpifrance known as Bpifrance Financement.[2]

Bpifrance has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[3][4]

Subsidiaries and minority interests

  • Bpifrance Financement S.A. (90%) (ex-OSEO S.A.)
    • Bpifrance Régions (99%)
  • Bpifrance Participations (100%) (ex-Fonds stratégique d'investissement)
    • Bpifrance Investissement (100%) (ex-CDC Entreprises)
    • Orange S.A. (shared with APE as the largest shareholders (23.04%); the rest publicly floats)[5][6]
    • FT1CI (79.2%, the rest owned by another French agency CEA)[7]
      • STMicroelectronics Holding (50%; joint venture with Italian government)
        • STMicroelectronics (27.6% as the largest shareholders; the rest publicly floats)
    • Areva (3.32%)[8]
  • Vallourec (7.10% as largest shareholders)[9]
  • Stellantis (6.2%)[10]
  • Constellium (10%)[11]

See also

  • iconBanks portal

References

  1. ^ a b c "Presentation to Debt Investors". Retrieved 10 May 2023.
  2. ^ "2014 Annual Report" (PDF). EPIC BPI-Groupe. Retrieved 20 February 2016.
  3. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  4. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  5. ^ "2015 Consolidated financial statements" (PDF). Orange S.A. 16 February 2016. Archived from the original (PDF) on 20 July 2020. Retrieved 21 February 2016.
  6. ^ "Les participations publiques" (in French). Agence des participations de l'État. 30 April 2015. Retrieved 21 February 2016.
  7. ^ "2014 Annual Report". STMicroelectronics. 26 March 2015. Archived from the original on 9 July 2017. Retrieved 20 February 2016.
  8. ^ "2014 Reference document" (PDF). Areva. 30 March 2015. Retrieved 21 February 2016.
  9. ^ "2014 Registration Document" (PDF). Vallourec. 17 April 2015. Archived from the original (PDF) on 10 April 2020. Retrieved 21 February 2016.
  10. ^ "Bpifrance profite des résultats historiques de PSA". Les Echos. 26 March 2019.
  11. ^ "Rio Tinto completes divestment of 61 per cent of Alcan Engineered Products".
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