The French Banking System - the Most Developed Banking System in the World

The entire banking system in France is under the control of the state. Banks in France, not only did not have the right to conceal from the public service of the size and shape of the accounts and capital flows, but are obliged to do, and inform them of major operations, especially with foreign countries.

In France, the rules of opening bank accounts are considered the same as for resident individuals and non-residents. However, this statement is purely theoretical. Each bank in France, not only has its own requirements and operates in accordance with its experience of contacts with the citizens of any country, but it may just politely refuse. One way to facilitate the opening of the account is the recommendation of persons who are well proven as a client of the French bank. To obtain a loan to make a full, impressive dossier to pass medical tests, go to a meeting with representatives of the bank. Credit is available for a period of 5 to 15 years with payment of up to about 6% in euros.

All operations are controlled by the national credit card center in France (and in the U.S.), which provides current information on the whereabouts and activities of the owner. French banks pay very low interest rates on ordinary deposits from 2.5%. At the same time the investor has the opportunity to invest in various investment projects profitable from 7-8% to 15-20%, depending on the duration and degree of risk. This part of the French banking system is well developed.

France has a large and diversified banking system with three major banking institutions - "Credit Agricole", "Bank Nationale de Paris" and "Credit Lyonnais", outside the top ten global banks. Overall control is assigned to the "Banque de France." His new independent status (1994) is similar to the status of the "Bundesbank" in Germany and was a condition set by the Maastricht Treaty, for the introduction of the single European currency. "Banque de France" releases French currency - the franc.

January 1, 1999 started functioning European Monetary Union is a member and France.

From 1 January 2002 the national currency is the Euro (EURO).
It is also not less interesting the banking system in Italy.
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