Discreet but efficient, Banque Delubac & Cie, created in 1924 in Ardèche, is inaugurating a new agency dedicated to companies this month in Toulouse. Located in the Jean Jaurès alleys, it caters to professional customers through traditional banking and financial services such as factoring, but also with rare expertise in complex international transactions from sensitive countries such as Iran or Venezuela. This new agency joins the historic Toulouse location of Delubac & Cie, rue Alsace Lorraine, which specializes in supporting companies in difficulty. From preventive proceedings to collective proceedings (observation, reorganization and judicial liquidation), “we will hear banking services where traditional banks have often broken off the relationship or closed the door while we are opening it wide” explains Frédéric Guirauden, the regional director in Toulouse.

PGE difficult to repay

Especially since with the freezing of debts inherent in receivership, these companies have cash to spend the observation period. But with massive government support for businesses during the health crisis, the inflow of struggling businesses has plummeted. In 2020, the Toulouse Commercial Court posted a 42% drop in collective proceedings. However, Delubac has set up “several million euros in state-guaranteed loans” (PGE) for its customers. Qualified as a judicial bank specializing in restructuring, Delubac & Cie expects, two years after obtaining the first PGEs, to see companies in difficulty to repay them. “Court administrators already have reschedulings to manage. Banking expertise will be needed to support these moments,” adds Frédéric Guirauden. Delubac is also a banker for property managers and offers wealth management. In 2021, the regional management of Toulouse opened a new establishment in Bordeaux and put the finishing touches to an opening on the Languedoc Mediterranean arc planned for 2022.