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					                   Member Profile
                                          ASF
Association Française des Sociétés Financières
   Member Profile                                 ASF


                                  French economic context
                                                                  2009      2010
    Population1 (millions on January 1)                           63.37    64.71 (p)
    Real GDP growth2                                              -2.6%    1.6% (f)
    Household Final Consumption Expenditure5                      0.6%     1.5% (f)
    Unemployment3                                                 9.5%     9.6% (f)
    Inflation4                                                    0.1%         -
    Real household consumption per capita6 (€/inhabitant)         14.800       -
    Real adjusted household gross disposable income per capita7   22.628       -
    (€/inhabitant)
    Saving rate8                                                  16.0%    15.9% (f)
    Indebtedness ratio9                                           77.2%        -




Source: Eurostat1-9
   Member Profile                                       ASF

              French consumer credit market structure
                                               2009           2009           2009           May 2010         May 2010
                                               (ASF)       (Banque de        (ECB)         (Banque de         (ECB)
                                                             France)                         France)

 1. Total lending to households in mil€
 (outstandings)                                 na           989.300       953.401         1.000.000          965.284

           Cash/Consumer credit              152.229         162.800       155.205             160.600        153.285


          Housing/ Loans for house              na           737.600       716.448             749.500        729.107
        purchasing

           Other/Loans for other purposes       na           88.900         81.748             89.900            82.892

                                                                            2004-2009                    2004-2009
                                                                        (ASF - including car               (ECB)
                                                                              finance)
  2. Growth of total consumer credit national market in terms of               5.2%                         3%
  outstandings (CAGR 04-09)



Source: ECB11, Banque de France11g & ASF
   Member Profile                                         ASF

               French consumer credit market structure
        In order to grant credit, all types of institutions must have a licence under “la loi bancaire du 24 janvier
        1984 (the banking law of the 24th of January 1984)”.

        Two main types of players are active in the French market:

          1.   Specialised providers (which can either have a banking license or be a finance house)
          2.   Universal banks

        Specialised credit institutions in France provide nearly all of the revolving credit and a significant part of
        the point of sales credit granted.

        Universal banks are predominant in the provision of personal loans.




Source: ASF
   Member Profile                                       ASF

                                          ASF membership
   ASF membership structure                                                              200914    Market Share
      Finance houses                                                                      54            57%
      Captives                                                                             8            9%
      Specialised banks                                                                   12            34%
      Universal banks                                                                      0            0%
      Insurance companies                                                                  0            0%
   Share of total national consumer credit & car finance market                          52.7%           -
   Share of total national mortgage market                                                 -             -


                                                                                         Share of new consumer
                                                                                             credit granted

     Growth of total consumer credit member market (CAGR                                  200412       200914
   04-09) in terms of outstandings: 6.0%                          Consumer car finance     24%          21%
                                                                  Non auto PoS13           11%          11%
                                                                  Personal loans           21%          25%
                                                                  Revolving                44%          43%
Source:   Eurofinas12,14

				
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