Financing of microentreprises 2016Q4

Micro-enterprises borrow below 2%
Micro-enterprises loans continue to rise reaching EUR 245.7 end-December (+4.0 % year-on-year). This trend is driven by both real-estate loans (+5.1% year-on-year) and investment loans (+3.5% year-on-year). Cash loans, whose quarterly growth rate may record large fluctuations given their low outstanding amounts, remain unchanged in 2016.
Loans gross issuance rebounds to reach EUR 14.5 billion after EUR 13.9 billion in September 2016. Investment loans account for by almost half of this gross issuance.
Interest rate on loans below EUR 250,000 decreases again in France to below 2.0% (1.95%). A diminution is also visible across all other major euro area countries. In France, the average interest rate level remains much lower than in other major euro area countries.
Loans to micro-enterprises : credit type breakdown
(Outstanding amounts, EUR billions)
Outstanding Yearly growth
Q4 2016 Q3 2016 Q4 2016
Micro-enterprises 245,7 4,1% 4,0%
Cash loans, including factoring 17,3 4,6% 0,0%
Investment loans 117,2 2,7% 3,5%
Real-estate loans 111,1 5,8% 5,1%
Micro-enterprises loans outstanding changes
(EUR billions - seasonally adjusted)
Note : seasonally adjustment stands for cash loans only
Loans to micro-enterprises issuance
(Quarterly gross issuance, EUR billions)
Eurozone : Loans below EUR 250,000 new issuances rate (%)
Source and design : Direction générale des statistiques
For more information
In the survey the definition of micro-enterprises accounts for three criteria from the LME law, or instead, a turnover below ? 2,000,000.
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Financing of microentreprises
  • Published on 02/24/2017
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Published on Friday, February 24, 2017