French Banks have a vital role to play in helping British companies looking to develop in France. The CIC Bank – Lille’s UK Business Centers banking service provider – gives you their insights on how they can support your company and facilitate your development.
Why is it crucial for British companies to have banking support for their development?
When a British company decides to expand into France, banking is not just a formality — it’s the gateway to launching your business. Without a French bank account, you simply cannot move forward with essential administrative steps such as:
- Applying for VAT registration or local permits
- Signing a lease
- Hiring staff
This is often where companies hit their first wall.
🔍 Discover more about the business environment in France: a guide for British investors
UK Business Centre Lille & CIC Bank: a trusted partnership
Your 1st step to develop in France
The UK Business Centre Lille is a network of experts of the French and British market. Their English-speaking experts are here to facilitate the development of British companies in France. Their deep knowledge of regulations and the local ecosystem is a true asset pour British executives. Among those members, the CIC bank is a finance and banking expert renowned in France.
What services does the CIC bank offer to British companies?
Their offer and areas of expertise
Overview of the CIC's services
The CIC is one of the top banks in France and was founded in 1859. Today, the CIC service over 5.7 million clients in France. It operates in three different market: personal, business corporate and wealth management.
From an international perspective, the CIC has Rep offices worldwide, of which 5 are branches located in key locations such as London, Brussels and New York.
Within this structure, the international business desk is located in the heart of Lille. The team consists of 7 bilingual individuals who all speak French, Dutch and German to assist foreign companies with their banking needs.
Their expertise include
Opening a bank account
Overdraft facility
Loans
Credit cards
Online banking
Cash flow management
Real-life challenges British companies face – and how the CIC helps
Concrete cases when the CIC can support you
British companies face a number of challenges when developing in France, here is how Chayal Patel from the CIC will assist you for each step.
Challenges #1 : Language and cultural barriers
“When a client comes to me and talks to me about their company and what they’re planning to do in France, they’re so excited and it’s so great to see. However, what I also see is that they’re somewhat frightened because up until now, they have not been able to speak to someone in English, therefore they’re not quite sure if they actually understand what’s going on, and that’s quite terrifying for customers. My job is to explain the cultural differences, break things down and make comparisons to the way things are done in the UK where possible. Essentially, I feel that I need to put the pieces of the puzzle together for the client so that they feel comfortable in the processes, in setting the company and their banking relationship.”
Challenges #2 : Different approaches to financial risk
“Secondly, the financial risk analysis is quite different here. The context, like having an overdraft facility or a loan or any leasing solutions, any type of financial solutions, the context remains the same. However, the analysis might be a little bit different. And that’s where I’m here to explain why, how and what we can do in order to get you the solutions that you need in order to develop your business.”
Challenge #3 : Delays
“Lastly, clients ask me on a day-to-day basis “how quickly?”. Clients are always so surprised about how long things take. I can understand why. My job is to explain to you why, to guide you, to reassure you and also to anticipate for you.”
🔍 Discover more about the business environment in France: a guide for British investors
Do you want to access the EU market more easily?
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The CIC’s top recommendations for British companies entering the French market
Chayal Patel gave us her tips that can make a difference for British companies when developing in France. Here is what they are:
#1 “If you have any question or if you are unsure about something, ask. If I don’t have the answer, I’m sure the other service providers do. This will save you time and money”
#2 “Hire a local person on the ground to facilitate business operations. Miscommunication and lack of cultural understanding can also determine the fate of your project”
#3 “France is different but not as complex as it may seem. If you work with the right partners, you can achieve brilliant things.”
5 Key takeaways for British Companies looking to develop in France
Tips, supports available and advice
Banking is the first critical step
Before starting operations in France, UK businesses must open a bank account and deposit they share capital. Having the right support from day one makes all the difference.
CIC Bank provides bilingual, personalised guidance
With a dedicated English-speaking advisor like Chayal Patel, British companies benefit from tailored support that bridges cultural and regulatory gaps.
Understanding financial processes in France is essential
Risk assessments and loan applications work differently than in the UK. CIC helps businesses navigate these differences with clarity and confidence.
Local partnerships accelerate success
Working with experienced service providers such as the UK Business Centre Lille and CIC Bank can facilitate your development and ensure long-term stability.
Asking questions and hiring locally are game-changers
Clear communication and cultural understanding reduce costly mistakes and keep projects on track — especially when expanding across borders.
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