Bpifrance
 | |
 Former head office building of Banque de l'Union Parisienne at 6-8, boulevard Haussmann in Paris, now downtown Paris office of Bpifrance | |
Native name | Banque publique d'investissement S.A. (French) |
|---|---|
| Company type | Société anonyme |
| Founded | 2012 |
| Headquarters | 27/31, avenue du Général Leclerc, , |
Key people | Nicolas Dufourcq (general manager) |
| Revenue | €1.444 billion (2018) |
| €1.019 billion (2018) | |
 €1.566 billion[1] (2022) | |
| Total assets |  €101.7 billion[1] (2022) |
| Total equity | €27.503 billion[1] (2022) |
| Owner |
|
Number of employees | 2,289 |
| Subsidiaries | bpifrance investissement bpifrance participations bpifrance régions bpifrance financement bpifrance assurance export |
| Website | www |
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 Bpifrance Group (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]
History
[edit]Bpifrance was established in 2012 as part of a broader effort by the French government to consolidate public financial support for businesses. It brought together three major state-backed bodies: OSEO, which focused on loans and guarantees for small and medium-sized enterprises; the Fonds Stratégique d’Investissement (FSI), created in 2008 to support long-term strategic equity holdings; and CDC Entreprises, the venture capital subsidiary of the Caisse des Dépôts et Consignations.[5]
The new institution became operational in 2013, offering a unified structure for loans, guarantees, equity investments, and export financing. In 2015, Bpifrance expanded its mandate to include innovation funding and support for international business development. In 2017, it launched “Bpifrance Export” to streamline export insurance and trade promotion services, previously managed by Coface.[6]
During the COVID-19 pandemic in 2020, Bpifrance played a central role in the French government’s economic response by providing state-guaranteed loans to businesses affected by the crisis. In the following years, the institution increased its involvement in strategic sectors such as renewable energy, biotechnology, and industrial decarbonization.[7]
In 2024, Bpifrance provided export credit support for a £5 billion loan arranged by a consortium of 13 commercial banks to finance the construction of the Sizewell C nuclear power station in the United Kingdom.[8]
Subsidiaries and minority interests
[edit]- 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)[9][10]
- FT1CI (79.2%, the rest owned by another French agency CEA)[11]
- STMicroelectronics Holding (50%; joint venture with Italian government)
- STMicroelectronics (27.6% as the largest shareholders; the rest publicly floats)
- STMicroelectronics Holding (50%; joint venture with Italian government)
- Areva (3.32%)[12]
- Vallourec (7.10% as largest shareholders)[13]
- Stellantis (6.2%)[14]
- Constellium (10%)[15]
See also
[edit]
References
[edit]- ^ a b c "Presentation to Debt Investors". Retrieved 10 May 2023.
- ^ "2014 Annual Report" (PDF). EPIC BPI-Groupe. Retrieved 20 February 2016.
- ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
- ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
- ^ "Investissements, plan stratégique… Que pense la Cour des comptes de Bpifrance ?". Ouest-France.fr (in French). 2023-06-12. Archived from the original on 2023-06-14. Retrieved 2025-11-07.
- ^ "- CC Solutions". www.cc-solutions.net. Retrieved 2025-11-07.
- ^ "Bpifrance fortement mobilisée en 2020 contre le Covid-19 en Nouvelle-Aquitaine". www.latribune.fr (in French). 2021-03-26. Retrieved 2025-11-07.
- ^ Atkins, Jacob (2025-11-06). "Bpifrance helps UK nuclear reactor to financial close". Global Trade Review (GTR). Retrieved 2025-11-07.
- ^ "2015 Consolidated financial statements" (PDF). Orange S.A. 16 February 2016. Archived from the original (PDF) on 20 July 2020. Retrieved 21 February 2016.
- ^ "Les participations publiques" (in French). Agence des participations de l'État. 30 April 2015. Retrieved 21 February 2016.
- ^ "2014 Annual Report". STMicroelectronics. 26 March 2015. Archived from the original on 9 July 2017. Retrieved 20 February 2016.
- ^ "2014 Reference document" (PDF). Areva. 30 March 2015. Retrieved 21 February 2016.
- ^ "2014 Registration Document" (PDF). Vallourec. 17 April 2015. Archived from the original (PDF) on 10 April 2020. Retrieved 21 February 2016.
- ^ "Bpifrance profite des résultats historiques de PSA". Les Echos. 26 March 2019.
- ^ "Rio Tinto completes divestment of 61 per cent of Alcan Engineered Products".
