Posted on Feb 9, 2019 2021 at 13:32Updated Feb 9, 2019 2021 at 18:35
It is a mountain whose summit continues to rise. In 2020, the level of debt of French companies continued to increase. In December, their balance sheet was weighed down by just over 1.880 billion euros in bank and bond loans, according to the latest figures released Tuesday by the Banque de France.
Since the start of the crisis, the rate of corporate debt has accelerated markedly, from a little more than 5% growth, to more than 10% at the end of the year. In December, the debt of non-financial corporations grew 13% year-on-year, almost as much as in the previous month. This frantic pace can be explained in large part by the establishment of the system of loans guaranteed by the State (PGE). These products – stars of the year 2020 – have provided companies with a little over 130 billion euros in liquidity in order to face the crisis.
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