Consumer credits 2021Q4

Over one year, consumer credit increases by 2.4 % in France and is on the rise again in the euro zone

In France, in the last quarter of 2021, growth in consumer credit to individuals stood at +2.4% (after +2.7% in September 2021). Consumer credit growth in the euro area is on the rise again at +1.5% after +0.5% in the third quarter. In France, the average interest rates for revolving, overdrafts and others (+4.7%) and installment loans (+3.4%) remain lower than the euro area averages (+5.8% and +3.4% respectively).

Changes in outstanding consumer credit to individuals
France, EUR billions, seasonally-adjusted
2020 2021 Annual growth
(in %)
Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Sept.-2021 Dec.-2021
Total consumer credit to individuals 185.0 187.6 188.9 190.6 192.6 192.6 193.4 2.7 2.4
o/w Installment loans (including securitised loans) 128.2 130.4 130.7 131.7 132.9 133.4 134.4 2.3 2.8
Ordinary overdrafts 8.4 8.6 9.0 8.9 9.2 9.3 9.4 7.9 5
Revolving loans 18.7 18.5 18.3 18.3 18.3 18.4 18.5 -0.8 0.8
Leases 16.8 17.6 18.1 18.5 18.6 18.3 17.3 4 -4.5
Interest rate (narrowly-defined) on new revolving loans by type of credit institution, France, %
Interest rate (narrowly defined) on new revolving loans, overdrafts and others, by country, %
Average interest rate (narrowly-defined) on new installment loans, %
Average fees on new installment loans, %
Distribution channels of revolving loans (excl. online banks and other types credit institutions)
France, share in the total outstanding amount of revolving credits
Annual growth in consumer credit to households
Annual growth rate in %, incl. securitized loans for France, excl. securitized loans for the other countries and the euro area
Additional information
The total outstanding amount of consumer credit to individuals includes the outstanding amount of securitised loans. Besides the specified or unspecified personal loans, the ordinary overdrafts and revolving loans, it includes installment loans, leases and credit card loans. Since December 2014, hire-purchase sales and specific-purpose personal loans are grouped together. In June 2019, these amounts have been subject to a methodological revision. They are adjusted for seasonal variations.
Households consist of individuals and sole traders. Given that there are no European data solely on outstanding amounts of loans to individuals, the comparison of credit growth is made on the basis of households.
The average interest rates by country for revolving loans and overdrafts also include credit card loans and cover new loans to households and non-profit institutions serving households (NPISH).
The interest rates for installment loans to households and NPISH relates to new contracts, at fixed rates only for the United-Kingdom, at all rates for France and euro area. The average fees are obtained by calculating the difference between the annual percentage rate of charge (APRC) and the narrowly defined effective rate (NDER) on new personal loans to households and NPISH. The market shares of the different types of distributor network are calculated using the outstanding amount of revolving credit to individuals.
To find out more: methodology, long series, calendar

All the series published by the Banque de France are available at the following address Webstat Banque de France

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STAT INFO - 2021 Q4

Consumer credit

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Consumer credits
  • Published on 03/28/2022
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Published on Monday, March 28, 2022