We take the pulse of the French economy with Marguerite Bérard, director of commercial banking in France at BNP Paribas. And according to her, the economic fabric is resistant to inflation, both companies and individuals.
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Several indicators are beginning to flash in the French economy, with wages increasing more slowly than inflation. But no reason to worry according to Marguerite Bérard, Director of Commercial Banking in France at BNP Paribas: “We have on average more savings in our customers’ accounts than before the health crisis.”
“We have higher levels of savings than in 2019”, adds the director of the commercial bank in France of BNP Paribas. As for real estate credit, it is slowing down today concedes Marguerite Bérard “but we compare it to a year 2021 where it had been very abundant.”
“I do not count in refusal rate, but we produce less credits, like the rest of the market,” specifies the director of the commercial bank in France of BNP Paribas who adds that there are fewer operating incidents today than in 2019.
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