Investor Presentaiton
Appendix 1 - Financing division: strong business dynamics
4. Appendices
Credit (cofinancing)
Investment loans
Annual Commitments - Єm
Guarantee
Annual Authorisations²
€m
8 267
7 774
7 153
6 759
3 839 3 802 3736 3 795
3 996 4 038 3 965
6 133
2 330
5 539
2 501
4 960
2 542
2 422
2015
1758
1.264
2412 2506 2937 3 214 3531
4 664
4 051
1 284 1275 1 181
1 123 1079 1222 1273
2013 2014 2015 2016 2017 2018 2019
* Unsecured loans
2013 2014 2015 2016 2017 2018 2019
■Medium and long-term loans
■Leasing
Short-term loans
Annual Authorisations - €m
Average Outstandings²
€bn
9 146
8 602
7 854
8 107
7 219
5 919
4 982
5 375
4 045
795
3 551
4 287
4 146
11,9 12,8 13,6 14,5 15,6
16,4 16,8
2 350
3 250 3569 3668 3567 3620 3771 3 961
2013 2014 2015 2016 2017 2018 2019
2013 2014 2015 2016 2017 2018 2019
Discounting receivables ■ CICE(1)
bpifrance
1. The Competitiveness and Employment Tax Credit / 2. Excluding funds dedicated to unsecured loans
Innovation Aids
Innovation
Annual Authorisations - €m
1 002
936
926
877
832
727
635
illllii
2013 2014 2015 2016 2017 2018 2019
Unsecured loans
Annual Commitments - €m
442
441
352
327
305
214
112
2013 2014 2015 2016 2017 2018 2019
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