Leading banks in France 2016-2024, by market capitalization

France's banking landscape is dominated by three major players, with BNP Paribas leading the pack in market capitalization. As of January 2024, BNP Paribas' market cap reached 79.3 billion euros, marking a significant increase from the previous year. This growth solidifies its position not only as France's largest bank but also as one of Europe's leading financial institutions.

Financial strength and performance

BNP Paribas' market dominance is reflected in other key financial metrics. In 2023, it topped the list of leading French banks in terms of assets, with total assets exceeding 2.5 trillion euros, closely followed by Crédit Agricole with over 2.4 trillion euros. BNP Paribas also led in banking income, reporting 50.4 billion euros in 2023, significantly higher than its competitors. 

Digital banking revolution

While traditional banks maintain their stronghold, the French banking sector is experiencing a digital revolution. BoursoBank, formerly Boursorama Bank and a subsidiary of Société Générale, emerged as the leading neobank in France with 6.3 million customers in 2024. This growth aligns with the increasing penetration of online banking in France, which reached 72 percent in 2023, surpassing the EU average.