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Brief
On "24/10/2024", the "French Prudential Supervision and Resolution Authority" issued an update regarding "French banking and insurance market figures 2023". The report provides key statistics on the French banking and insurance sector in 2023, covering prudential and accounting data from supervised institutions. The banking sector saw a moderate growth in total assets (+1.1% in 2023) but lower net profits (-2.9%), mainly due to a decline in interest income. Insurance figures showed an increase in life insurance collections (+2.3 billion euros) despite strong competition and rising inflation.
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