By financial inclusion, we mean a set of practices and commitments by banking institutions aimed at providing access to resources and opportunities for populations who, without such commitments, risk being discriminated against or marginalized. It plays an important role in the inclusion of individuals in society, promotes their recovery, and contributes more broadly to the economic and social development of communities.

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With over €2 trillion in outstanding loans, banks remained the primary providers of credit in 2021, according to the Bank of France. Given the sums involved, they place a borrower's ability to repay their debts at the heart of their concerns. The challenge is indeed to reduce the cost of risk and maintain the highest quality loan portfolio possible. From their perspective, the commitment—the contract by which the client acknowledges their debt and undertakes to repay it—is largely unaffected by risk. It specifies the debtor's repayment schedule as well as the reciprocal rights and obligations of both parties.
MAYMO Vincent - IAE Bordeaux |
- Management Dictionary
- Corporate and Market Finance
