Over the past ten years, France has massively “de-banked” – EconomieMatin


An exclusive study by Money Vox carried out in partnership with the geomarketing firm Infostat Marketing takes stock of bank branches in France. Many agencies have closed over the past ten years, which can be seen as the consequence of a drop in attendance and the coronavirus health crisis.

According to the results of the survey conducted by Money Vox, the metropolitan area has lost 12% of its bank branches since 1998. Suppression has intensified over the past ten years, with the closure of more than 3,750 branches between 2010 and 2020. This equates to a 9% loss of the network in a decade.

The study is also based on the different types of banks. If some brands left faster than others, they are mainly so-called national agencies, as opposed to mutualist agencies. The first to fall was HSBC which lost 27% of its sales points between 2010 and 2020, i.e. 97 branches. Then comes Société Générale, which has lost 400 points of sale, including 380 since 2015, which results in the closure of 17% of its branches. Crédit du Nord, which is a subsidiary of the Société Générale group, has for its part separated from 70 branches over the last decade. And LCL has grown from 1,900 branches in 2010 to 1,660 today.

Paris, department where the number of agencies has fallen the most

If mutual banks have also lost points of sale, the loss is less brutal than for national banks. For example, Caisse d’Épargne and Crédit Agricole have lost around 10% of their network. Crédit Mutuel lost only 3% of the metropolitan banking network.

We tend to think that the agencies that lower the curtain are mainly located in rural areas, where the demographics are rather low. But Île-de-France is far from being spared by this phenomenon. With 233 bank branches less, Paris saw its stock melt by around 15% between 2010 and 2020, more than the national average estimated at 9%. That makes Paris, the department where the number of agencies has fallen the most over the last ten years. And the Seine-Saint-Denis is the department where the agency rate per inhabitant is the lowest today with an average of 2,000 inhabitants per counter.