Posted on January 7. 2024 at 16:35Since January seventh. 2024 at 17:13
Mauvais sign sur la santé des PME. After the texts of the cuts appeared in purple, Bruno Le Maire introduced their extension for 3 years till 2026, underneath an settlement on the restructuring of state-guaranteed loans (PGE) signed between Bercy, the Financial institution of France and the French Banking Federation.
This process is simplified, facilitates credit score intermediation (Banque de France), and permits SMEs to get well the reimbursement historical past of secured loans in a way “quick, free, assured”, and many others., “à l’amiable”, in a non-judicial cadre. Put in in 2022, the premiere was prolonged once more in 2023, however solely as soon as.
“Some corporations individually could have difficulties repaying their financial institution loans, not PGE,” Percy justified.
If the extension of the settlement, this time, is an excessive amount of, it means “all till the tip of the PGE octroyé majority price range,” explains the ministry.
Bruno Le Maire’s wardrobe refutes all nervousness. “For essentially the most half, corporations will make it via 2022 and 2023 by repaying PGE with out issue,” he says. Greater than €50 billion of loans have been repaid in an built-in method on €107 billion of TPE and PME since 2020 and the Covid disaster.
Home of failures
It is a group of nice corporations that, in truth, are additionally for anticipated fundamentals. In December 2021, Lagardère repaid PGE €465 million. The Air France ship, the Louis, has turned out to be a jackpot for the French state. The aerospace firm is making funds to Mars, with advances, for a complete of €4 billion of its secured loans. Over time, it’s value €650 million to the French state, assured by assure.
Bruno Le Maire’s announcement was made simply two days after the Financial institution of France achieved a run of company bankruptcies in 2023 (+34%). A brand new dwelling contract is anticipated in 2024. This makes the nation entitled to an lively assure to compensate banks within the occasion of a PME default. Till then, the general public forces attempt to make revenue.
Referring to this pleasant measure is a assure that the nation, corporations and banks will outperform the fast perspective of assumption.
There isn’t any want to surrender on this matter
On at the present time, a couple of PGE entrepreneurs from 560 corporations (greater than 685,800 beneficiaries) benefited from this gadget. This PME may forestall repayments from two to 4 years in extra, in parallel with the reorganization of different financial institution financing.
To retaliate, they can not reap the benefits of the parachute scale to acquire abandonment. And extra money to remove the conversion of PGE to capital, making the state nearly purposeful.