France's central bank has reported a loss for 2024 but indicated that the worst is behind it, with a return to profitability expected in the coming years.

Many central banks are currently facing losses as interest payments on excess liquidity deposited by commercial banks exceed the income generated from their bond holdings.

The Bank of France recorded a net loss of 7.7 billion euros ($8.4 billion) last year, which it will carry forward against future profits. It noted that it needs to do this less than other central banks due to its larger rainy-day funds, which offset a significant portion of its losses.

As the European Central Bank's deposit rate decreases and its bond holdings gradually decline, the Bank of France anticipates that future losses will diminish over the next few years. 

Governor Francois Villeroy de Galhau expressed confidence, stating that the Bank of France is projected to return to profit within a limited timeframe.