Establishes new public investment bank

France set up a public investment bank (“Banque Publique d’Investissement”). The new institution will focus on the support of small- and medium-sized enterprises; it will also promote innovation and export.

• Type:

  • Promotion and facilitation (Investment incentives)

• Industry:

  • Not industry specific

• Sources:

  • Official Gazette, LOI no 2012-1559 du 31 décembre 2012 relative à la création de la Banque publique d’investissement, http://www.journal-officiel.gouv.fr/publication/2013/0101/joe_20130101_0001_sx00.html?verifBaseDir=/verifier¬Verif=0&verifMod=load.php&verifExplMod=attente.php&ficBaseDir=../publication/2013/0101&joDate=01/01/2013#test3, 01 Jan 2013
  • Economist Intelligence Unit, France economy: Quick View - Government unveils plans for new public investment bank, http://viewswire.eiu.com/index.asp?layout=VWArticleVW3&article_id=739702458®ion_id=&country_id=1350000135&channel_id=190004019&category_id=&refm=vwCh&page_title=Article, 19 Oct 2012
  • Financial Times, France launches public investment bank, http://www.ft.com/cms/s/0/a3aadcae-1866-11e2-80e9-00144feabdc0.html#axzz2BRBAsWu1, 17 Oct 2012