The French banking system has undergone significant changes since the mid-1990s, including mergers and acquisitions that have reshaped how banks operate. This restructuring was influenced by global and European financial trends, as well as advancements in technology and financial services. These changes have led to updates in the goals of the French banking system, resulting in a significant contribution to the country's economy. In 2005, the banking sector contributed 2.4% of the French GDP, showing its importance in the overall economic landscape.